State-owned oil companies slashed the prices of petrol and diesel from Friday midnight due to fall in international brent crude oil prices.Petrol price has been cut by Rs 2.41 a litre whereas the price of diesel has been slashed by Rs 2.25 per litre.
The proposed indefinite strike called by petrol dealers in Maharashtra from midnight has been called off after mediation by Vinod Tawade, BJP leader and leader of opposition in the state legislative council, according to a BJP release.
Two BJP allies in Tamil Nadu on Tuesday urged the NDA government to rollback the hike in fuel prices, saying it would impact the common man already reeling under the "burden" of rail fare hike, among others.
Senior BJP leader and NDA government`s former union petroleum minister Ram Naik lashed out at the UPA government on Tuesday for hiking petrol and diesel prices twice in two days, adding that the government had "lost its sanity".
Opposing any move to shut petrol pumps during night, JD(U) on Monday hit out at the UPA government, saying its reign is akin to that of medieval Indian ruler Muhammad-bin-Tughlaq, known for his impractical schemes.
Tamil Nadu CM J Jayalalithaa slammed the Centre on the issue of rupee depreciation and said the latest petrol price hike spurred by the weak currency showed Congress-led UPA`s "administrative incompetence and incapability."