Oil marketing companies are currently absorbing losses to maintain these rates.
Meanwhile, commercial LPG users are facing sustained price pressure.
With the revision, excise duty on petrol now stands at ₹13 per litre, while diesel attracts ₹10 per litre.
PM urged the international oil suppliers to review payment terms at least temporarily considering the weakening of rupee.
At last, the central government decided to curb the fuel prices and announced a cut of ₹2.5 in the fuel prices yesterday.