Oil marketing companies, however, kept petrol prices unchanged for the third consecutive day.

In the national capital, diesel price fell by 18 paisa per litre to Rs 71.10 a litre down from Rs 71.28 per litre on Thursday. The petrol price remained static at Rs 81.06 a litre.

In the other metros of Mumbai, Chennai and Kolkata, diesel price fell between 17-20 paisa per litre.

The price fall is on the back of expectation of a slowing demand for oil globally as a second wave of coronavirus spike threatens further to derail the economic activity.

Though crude prices revived slightly on Friday after falling continuously for the last few days, it is expected to remain soft on demand expectations.

For domestic auto fuel consumers, the price fall has been a bonanza amid the current tough economic conditions. With the price cut on Friday, diesel has now become cheaper by Rs 2.46 per litre in Delhi this month.