It is a old dig
... just posting it for the sake of information.
I have a City 2010... since the very first oil change it was running on Caltex 10W-30 which was changed after every 3500km.
Recently when it was about to reach 68,000km on push of a friends I decided to switch to a synthetic oil. Ended up pouring in Caltex 5W-40 (surprisingly they don't have 5W-30 in Pakistan).
Have driven around 2000km... so far the City engine has accepted the change well.. starting it in the cold morning of winters seems much smoother - or maybe it is just that I have spent Rs.3750 on oil change which used to be for 2300 earlier 
No significant increase or decrease in the fuel average, maybe a slight improvement. There is no decrease in the oil level as yet... and dont feel any heaviness as suggested by some of you over here... infact it seems a little smother than previously.
Next plans: Change this oil at 5000km... will opt either for Honda 5W-30 (not sure if Metro is a good option to buy this from) or might go for Total Quartz 9000 (5W-30).... and change it after every 7500km.
oh and I use VIC oil filters.