Prices for petrol and diesel have fallen by 7 paise and 5 paise per litre respectively. This is the second reduction in fuel prices in as many days. The reason behind the drop in prices was softening of international oil rates. Petrol in Delhi now costs Rs. 78.35 per litre, down from Rs. 78.42, according to a price notification issued by state-owned oil firms. Diesel price has been cut to Rs. 69.25 per litre from Rs. 69.30.