New Delhi: Fuel prices have been slashed for the eighth consecutive day with petrol price been cut by nearly Rs 2 per litre and diesel by Re 1 per litre. In the national capital, petrol price has been slashed by Rs 1.98 per litre and diesel by Rs 0.96 a litre. With the decrease in price, petrol now stands at Rs 80.85 per litre and diesel is priced at Rs 74.73 a litre. (Check the live Petrol and Diesel Price Here) Also Read - Coronavirus: Delhi Records 96 New Cases, Logs Below 100 For First Time in 9 Months

In Kolkata, petrol price stands at Rs 82.71 per litre while it is Rs 86.33 per litre in Mumbai and Rs. 84.02 per litre in Chennai, as per the Indian Oil Corporation (IOC). Meanwhile, diesel is selling at Rs 76.58 per litre in Kolkata, Rs 78.33 per litre in Mumbai and Rs 79.02 per litre in Chennai. Also Read - 'Get Well Soon, Dada': Fans Send Love, Tweet Wishes After Sourav Ganguly Hospitalised in Kolkata

Globally, oil prices fell on Friday and were heading for a third weekly loss, pulled down as Saudi Arabia’s OPEC governor said the market may become oversupplied soon and after a slump in global equities clouded the outlook for demand, reported news agency Reuters. Also Read - Petrol, Diesel Prices Register Another Record High | Check Fuel Prices in Major Cities Today

Brent crude futures were down 51 cents, or 0.7 per cent, at $76.38 a barrel in the intraday trade. The global benchmark is on course for a weekly loss of over 4 per cent.

US crude was down 64 cents, or 1 per cent, at $66.68 a barrel. The US benchmark is set for a 3.5 per cent loss this week.

(With Agency Inputs)