New Delhi: Fuel prices in various parts of the country continued to witness a downward trend on Friday, owing to the fall in crude oil prices in the international market. Petrol and diesel prices in all the major cities were slashed down by 40-44 paise. (Check the Live Petrol and Diesel Price Here)Also Read - Petrol, Diesel Prices Surge to Record-High Levels, Costs 33% More Than Aviation Fuel | Check City-Wise Rates

A litre of petrol today costs Rs 75.57 in Delhi, Rs 81.10 in Mumbai, Rs 77.53 in Kolkata and Rs 78.46 in Chennai. Also Read - Petrol, Diesel Prices Surge To All-Time High After Record Hike; Check Fuel Rates In Your City

Diesel is being retailed at Rs 70. 56 in per litre Delhi, Rs 73. 91 in Mumbai, Rs 72. 41 in Kolkata and Rs 74. 55 in Chennai. Also Read - World Bank Makes Big Statement, Says Global Oil Prices Won't Decline Until 2023

Earlier in October, fuel prices had skyrocketed owing to fluctuations in the international markets. The highest price was recorded on October, however, soon after rates started to nosedive.

The dip in prices comes after the United States 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.