Rahul Gandhi questions govt over diesel, petrol prices despite plunge in world oil price

Former Congress President Rahul Gandhi called out Narendra Modi-led government at Centre for high prices of petrol and diesel in country despite plunging of US crude prices. US crude oil prices h dipped into negative territory for first time in history due to Coronavirus outbreak on Monday. However, just a day later, on Tuesday prices jumped back into positive territory. 

Taking to Twitter, Rahul Gandhi stated that despite fall in crude oil prices across world to unexpected figures, price in our country remains at Rs 69 per litre for petrol and Rs 62 per litre for diesel. Congress leer found dip amid disaster 'so good' and remarked that government has turned a deaf year. 

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Oil prices plunge

Oil prices plunged below zero on Monday as demand for energy collapsed drastically amid Coronavirus pandemic and trers don't want to get stuck owning crude with where to store it. Demand for oil has collapsed so much so due to coronavirus pandemic that facilities for storing crude is nearly full.

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However prices bounced back on Tuesday as a sign of relief. West Texas Intermediate for May delivery rose to USD 1.10 a barrel after diving to an unprecedented low of -USD 37.63 in New York as pandemic brings global ecomy, transport and factory activity to a halt. It later eased back to sit 30 cents higher.

'US To d 75M Barrels Of Oil'

President Donald Trump said Monday United States will purchase as much as 75 million barrels of oil and put it into strategic reserve for first time in deces. Trump me anuncement as oil prices plunged below zero on Monday, latest never-before-seen number to come out of ecomic coma caused by coronavirus pandemic.

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(With PTI Inputs)