At the Multi Commodity Exchange (MCX), the February contract traded Rs 7.40, or 0.51% lower at Rs 1,428 per kg in 457 lots.
Prices fell due to profit-booking by speculators at existing higher levels against new arrivals.
Subdued domestic demand impacted the Mentha oil future trade.
New arrivals from Chandausi in Uttar Pradesh also influenced the market.