New Delhi, Oct 7 (TIWN): Petrol price fell steeply by 29 paise today, marking it the highest intraday fall in the last five months. Falling for three consecutive days, petrol price dropped to Rs 74.04 per litre on Saturday, according to IOCL.

Similarly, the diesel price also dropped by 20 paise to Rs 67.15 per litre today. Before commencing the trend to get cheaper, the prices of petrol and diesel kept surging for nearly one month. “The current fall in the Brent crude oil price is likely to bring the petrol price down by around Rs 1.5 in another 15-18 days,” Ajay Bansal, President, All India Petroleum Dealers Association, told Financial Express Online.