Owing to a drop in the crude oil prices in global markets, fuel prices again witnessed a price dip on Thursday. Petrol prices were slashed up to 43 paise per litre

Major metros across the country witnessed reduction in petrol price by at least 40 paise as diesel prices dipped by 30 to 48 paise per litre.

After the revision of the prices, petrol in Delhi is being sold at Rs 75. 97 per litre, while diesel costs Rs 70.97 per litre. In Mumbai, petrol is being retailed at Rs 81. 50 per litre and diesel at Rs 74.34 litre.

The dip in fuel price come after the United States recently softened its stand on Iran's sanctions and allowed eight countries to continue importing oil from Iran temporarily. These countries are India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan.