However, consumers in Delhi won't be able to avail the benefit of lower fuel prices as petrol pumps and CNG stations are on strike in the capital today.
Petrol, diesel prices dropped for the fifth straight day on Monday on softening global crude oil prices, bringing relief to the consumer who have been reeling under high fuel prices since last two months.
Petrol prices were slashed by 30 paise to Rs 81.34 per litre in Delhi, while diesel prices were cut 27 paise to Rs 74.92 per litre. In Mumbai, petrol got a price cut of 30 paise to retail at Rs 86.91 per litre, while diesel is being sold at Rs 78.54 per litre after a 28 paise cut.
Fuel prices have been declining since Thursday. In the last five days petrol prices are down by Rs 1.38 paise while diesel is lower by Rs 81 paise.
However, consumers in Delhi won't be able to avail the benefit of lower fuel prices as petrol pumps and CNG stations are on strike in the capital today. There are about 400 petrol pumps in Delhi which also have linked CNG stations. The fuel stations will remain shut till 5 am tomorrow. They are protesting against Delhi government's refusal to reduce Value Added Tax (VAT) on diesel and petrol.
Prior to Thursday's cut in rates, diesel price had risen by Rs 2.74 per litre since October 5 to more than wipe away the excise duty cut and oil firm subsidy. Petrol price had during this period risen by Rs 1.33 a litre.
Before the October 5 price cut, petrol in Delhi had hit an all-time high of Rs 84 per litre and diesel was at record Rs 75.45. This came down to Rs 81.50 per litre for petrol and Rs 72.95 in case of diesel.