Petrol and diesel prices fall to lowest.

New Delhi,Dec 24: In four days, the retail price of petrol and diesel are off 70 to 80 paise a litre in top cities, tracking a decline in global oil prices.

International benchmark Brent crude fell below $53 a barrel last week, its lowest since September 2017. Brent is down nearly a third from its October high.The cuts will take place from January. But concerns over global demand will weigh on oil prices, say analysts.

Compared to October 4 highs, petrol prices are down about Rs 14 to Rs 16 a litre in top cities. Similarly, diesel prices are off Rs 12 to Rs 13.50 a litre.

India’s monthly crude oil imports in November marked their biggest year-on-year decline in nearly four years, according to data from the oil ministry.