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The fuel prices had been witnessing a relentless hike since the past few months in the country, burning a hole in the common commuter's pocket.
Talking about the strike, a commuter said that the issue of VAT should be solved through dialogue between Centre and Kejriwal Government.
Delhi CM Arvind Kejriwal alleged that oil companies have also threatened to take strict action against those petrol pumps who not go for strike.
The AAP supremo said oil prices were the lowest in Delhi among four metro cities, adding petrol pumps were not on strike in Mumbai despite the oil prices being highest there.
In Delhi, petrol price was slashed by 30 paise to retail at Rs. 81.34 per litre, while diesel is being sold 27 paise lower at Rs. 74.92 per litre on Monday.
Petrol pumps would remain closed from 0600 hrs onwards on October 22 and remain closed till 0500 hrs on October 23, 2018.
In Delhi, petrol now costs Rs 81.74 a litre and diesel is priced at Rs 75.19 per litre while in Mumbai, petrol is sold at Rs 87.21 per litre and diesel at Rs 78.82.
Petrol and diesel are being sold at Rs 84.21 per litre and Rs 77.33 per litre, respectively in Kolkata. While petrol prices in Chennai settled at Rs 85.63 per litre and diesel at Rs 79.82 per litre.
Petrol in Delhi now costs Rs 82.62 per litre as against Rs 82.83 a litre previously and a litre of diesel now costs Rs 75.58 as compared to Rs 75.69 previously.
In Delhi, approximately 9.38 crore litres of diesel and 10.62 crore litres of petrol is consumed within a month.
The company will be inviting bids for crude for the Padur strategic petroleum reserve in Karnataka which can hold 2.5 million tonnes of oil, Chief Executive H.P.S. Ahuja said.
Pradhan added that he has already made clear the country’s position on importing oil from Iran and that there is nothing new to announce.
U.S. oil production has increased steadily over the last five years, reaching a record high of 11.2 million barrels per day in the week to Oct. 5, EIA data showed.
In Delhi, petrol is being sold at Rs 82.83 per litre after an increase of 11 paise, while diesel rates have escalated to Rs 75.69 per litre after a hike of 23 paise.
Petrol was selling at Rs 82.72 per litre in Delhi—an increase of Rs 1.22 per litre since October 4, when it was selling at Rs 84 per litre.