Petrol, diesel prices hiked

16 May, 2018, 11:51 | Author: Regina Silva
  • Petrol, diesel prices hiked

This is the second consecutive day when prices have been hiked by the oil companies, signalling resumption of the daily price revision mechanism after a 19-day hiatus that resulted in Rs 400 crore loss for these entities.

Diesel price in Mumbai: Shockingly, the diesel price in Mumbai was hiked most among metro cities, as the price has reached to Rs 70.88 per litre-mark, the highest among metro cities.

Before Monday, petrol and diesel prices were last revised on April 24 when they were hiked by 13 paise each.

The Automobile Association (AA) said last month's fuel price account was closed earlier by the Department of Energy, resulting in the postponement of a substantial 50 cent-per-litre increase brought on by a weakening rand and rising global oil prices at the end of April.

TV host blasts Samantha Markle for being a 'media vulture'
It has also been revealed that the couple will spend their final night before the wedding at separate luxury hotels near Windsor. Thomas Markle announced Monday he was pulling out of the royal wedding so as not to embarrass the bride-to-be.


'Click It or Ticket' Seat Belt Enforcement Begins
In 2017, 42 percent of automobile fatalities in North Carolina were drivers or passengers who were not wearing their seat belt . North Carolina law requires drivers and passengers to be properly restrained by using a seat belt .


Japanese train company issues official apology for "inexcusable" 25-second early departure
In a country where being a few minutes late to work or school carries serious consequences, it's a big deal. The next train to leave Notogawa for Nishi Akashi was at 7:19am, just 8 minutes later.


Diesel price in New Delhi: Diesel price in the national capital over Rs 66 per litre-mark for the first time, as the product was available at Rs 66.57 up by 21 paisa compared to previous price of Rs 65.36 per litre.

"With the Karnataka elections now over, prices have started to rise like it did in after Gujarat in Dec 17 although a full normalization would still require prices to rise another Rs 4.2 per litre or by 6 per cent", Equity research firm Jefferies said in a report. Refiners add insurance, a few other charges as well as excise duty, state Value Added Tax (VAT) and Dealers commission to worldwide fuel rate to determine the retail price.

However, oil PSUs have no option but to increase the rates considering the rising price of crude oil globally. Traders, businessmen, transporters and others were also seen showing dissatisfaction over the current levels of fuel prices. After the revision, a litre of petrol was priced at Rs 74.8 in Delhi, while diesel cost Rs 66.14. Kuku Marwaha, President of Nagpur Truckers Unity, said that the transporters were bearing the brunt of high fuel prices. According to the website of Indian Oil Corporation Limited (IOCL), petrol was retailing at Rs 75.10 after an increase of 15 paise. Diesel price has also hit its all time high since abolition of LBT here.

However, before the Karnataka polls, fuel prices remained unchanged for 19 days.

Recommended:

  • Tata Steel gets NCLT approval for Bhusan Steel resolution plan

    Tata Steel gets NCLT approval for Bhusan Steel resolution plan

    Amid the approval, the tribunal dismissed pleas by Bhushan Steel Employees Union and creditor Larsen & Toubro against the plan. Bhushan Steel was on the RBI's first list of 12 companies referred to the National Company Law Tribunal a year ago .
    Whole Foods sales items get even cheaper for Amazon Prime members

    Whole Foods sales items get even cheaper for Amazon Prime members

    Amazon has already fiddled with prices at Whole Foods to refashion its image as wallet-busting seller of healthy foods. The company said, however, that the integration of Whole Foods was among the fastest startups of a new Prime program.
    Thousands of teachers expected to march in Raleigh Wednesday

    Thousands of teachers expected to march in Raleigh Wednesday

    The school district says many staff members are planning to attend the March for Students and Rally for Respect event in Raleigh. On Wednesday May 16, 2018, Alexander County Schools will be closed for students with an optional workday for all staff.
  • Saudi Arabia reiterates vow to pursue nuclear weapons if Iran does

    Saudi Arabia reiterates vow to pursue nuclear weapons if Iran does

    His comments came shortly after Houthi rebels fired two ballistic missiles toward Riyadh. Saudi Arabia accuses Iran of supporting Huthis militants in Yemen.
    Samsung beefs up the Galaxy S9's color pallet with red and gold

    Samsung beefs up the Galaxy S9's color pallet with red and gold

    Samsung says that additional market availability will follow after that, but it seems that the Red color will, again, be limited to Eastern markets only.
    Tyronn Lue's shortcomings key in Game 1

    Tyronn Lue's shortcomings key in Game 1

    The former UCLA standout did not mince words when giving his assessment, referring to Cleveland's defensive effort as "soft". In order to slow Horford, Cavaliers coach Tyronn Lue is contemplating starting Tristan Thompson for Game 2 on Tuesday night.
  • Williams helps Pirates shut out struggling Sox

    Williams helps Pirates shut out struggling Sox

    Meanwhile, the over is 7-0 in the Pirates' last seven Wednesday games and 4-1-1 in their last six in game two of a series. Marte doubled and scored in the first inning but was removed from the game before his second at-bat in the third inning.
    Marchessault nets twice as Knights pull even

    Marchessault nets twice as Knights pull even

    They used a tough defense and some timely offense to walk away with the win and have now tied up this series at 1-1. Truth be told, the final 40 minutes from Vegas looked as though it was pulled right from the Nashville playbook.
    Rare two-headed deer found in Minnesota forest

    Rare two-headed deer found in Minnesota forest

    After the study wrapped up, the twins were preserved by Robert Utne and taxidermist Jessica Brooks to create a realistic display. They're more commonly seen in domestic animals - especially in cows and cows - but much less prevalent in wildlife.
  • Honor 10 launched in India: Price, specs and more

    Honor 10 launched in India: Price, specs and more

    Alternatively, users can use the Ultrasonic under-glass fingerprint sensor positioned on the front of the Honor 10. AI-accelerated Microsoft Translator software delivers instantaneous translation without you needing to be online.
    Mavcom lodges police report against Tony Fernandes

    Mavcom lodges police report against Tony Fernandes

    Earlier, Mavcom refuted Tony's claims that the airline was pressured to cancel an additional 120 flight during the GE14 period. AirAsia also requested for an additional 86 flights on April 20 , according to Free Malaysia Today.
    Corner tied for eighth after first round at NCAA Regional

    Corner tied for eighth after first round at NCAA Regional

    Texas A&M teammates Chandler Phillips and Brandon Smith share the individual lead at 8-under 136. They are nine strokes ahead of the nearest team and the only two teams to break par.


Popular

Russian company attacks Mueller indictment as baseless
In addition, Dubelier and Seikaly asked the judge to review the instructions Mueller gave the grand jury that indicted Concord and its co-defendants.

Germany leave out two big names as Low announces squad
The 30-year-old Wagner has scored 4 goals in his 8 internationals and was part of last year's Confederations Cup-winning team. Low's entire backroom staff have also agreed new deals, as has national team managing director Oliver Bierhoff.

Belgium, Ireland summon Israeli ambassadors over Gaza killings
The meeting between Mr Coveney and Israeli ambassador Zeev Bokar took place between 08:00 and O8:30 BST on Tuesday. Most of the Gazans who died yesterday were shot by Israeli snipers, Gaza's health ministry said.

Another Police Station Attacked in Indonesia
Indonesian police fatally shot four suspected militants Wednesday when they attacked a police headquarters in Riau province. Editor's note: An earlier version of this article stated that at least three men had attacked the Riau Police headquarters.

Payet facing anxious Europa League final wait as Marseille monitor knock
Their previous campaigns ended in the round of 16 (2009/10), the group stage (2012/13) and the round of 32 (2015/16). Their form has left Garcia hopeful Marseille can celebrate their Euro anniversary in style by making more history.

Wide Fuselage Aircraft Market 2018 - Boeing, Airbus
These factors are expected to boost the product portfolio and sustain in Helicopter Seating industry for longer period of time. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .

Japan's economy shrinks for first time in two years
It was the first decline in nine quarters, snapping the longest stretch of continued expansion since the late 1980s. Economists say while the contraction is temporary, the rebound will not be almost as strong as previous quarters.

Multiverse could harbour life
The concept of our universe being one among many others has interested many scientists to debate on it. Overall, it's clear that our understanding of dark energy is lacking.

UN Security Council Deeply Divided Over How To Stop Violence In Gaza
Tensions are still running high and more violence is expected today on the final day of the Palestinian protest campaign. Numerous injured Palestinians were young men who were hit by live ammunition, according to British-Palestinian Dr.

European court fined Russian Federation for Navalny
Navalny had previously been detained in January after joining a rally calling for a boycott of the presidential election. Judge Dmitry Gordeyev of Moscow's Tverskoi district court found Navalny guilty of arranging the "unauthorised protests".