Fuel prices revised; petrol, diesel to cost more

Petrol diesel price on 14th May 2018 Check out rates here city-wise

Companies like Indian Oil Corporation (IOC) have been told not to increase petrol and diesel prices since April 24 in the wake of Karnataka elections at high cost. It may be noted that the fresh revision comes after the prices were last hiked on April 24. Today in various state capital the petrol price was hiked between 17 paisa to 18 paisa per litre, especially in Mumbai, where the price has been near Rs 83 per litre. On the other hand, diesel was retailing at Rs 68.68 in Kolkata; Rs 70,43 in Mumbai; Rs 69.79 in Chennai and Rs 67.27 in Bengaluru.

The NDA government has been criticised for the significant and frequent hikes in the prices of petrol and diesel, with several politicians calling for fuel to be included under the Goods and Services Tax (GST) from which it is now exempt. It remains to be seen if the government takes action to resist an increase in oil prices or customers are left to deal with skyrocketing rates. State-run oil companies said that the price revision was necessary because of increasing worldwide oil rates, PTI reported.

Petrol and diesel prices were last revised on April 24 when they were hiked by Rs 0. The sanctions have been renewed on Iran at a time come when the supply is already down considering high demand and output restraint by the Organization of the Petroleum Exporting Countries (OPEC) for pushing petrol prices up.

Give Goa a chief minister, Congress tells BJP President Amit Shah
Shah said that BJP's soul lies in its booth workers who are the focus point of the party. Any party or alliance will need the support of 112 MLAs to form the new government.

Last June, Indian oil companies had moved from a "once-in-a-fortnight" change of petrol and diesel prices to daily revisions. Also, the rupee has weakened to Rs 67 per United States dollar from Rs 66.

Since the start of this financial year, petrol prices have gone up by Rs 1.24-1.32 per litre across the metro cities.

Government faced strong criticism for holding on to higher duty on petrol and diesel to meet revenue. The rise in crude oil prices will increase the liability as the rupee has also started depreciating against the dollar.

Related News:

  • Two People Have Been Injured In A Plane Crash In Co. Offaly

    Two People Have Been Injured In A Plane Crash In Co. Offaly

    The crashed plane had been partially submerged in water on the bog and required an exhaustive recovery mission. He thought nothing was unusual except the plane seemed to be flying very close to the ground, he said.
    Wilfried Zaha:

    Wilfried Zaha: "I have no plans on leaving" on Crystal Palace

    When asked if a potential new contract was on the table, Hodgson responded: 'I don't talk about contracts or salaries. When to run with it, when to pass it.
    Man City Hit Record 100 EPL Points With Late Win Over Southampton

    Man City Hit Record 100 EPL Points With Late Win Over Southampton

    They then need to hope Manchester City thrash Southampton to ensure a huge goal difference swing that they need. They got a tune out of Carlos Carvalhal at the start - he started off on fire - but it hasn't happened since.
  • Levante vs Barcelona: Messi dropped for LaLiga clash

    Levante vs Barcelona: Messi dropped for LaLiga clash

    Enis Bardhi put Barcelona two goals behind again with a finish not too dissimilar to that which had given Barca a lifeline. Luis Suarez stepped up and converted the spot-kick to bring his side to within one goal of rescuing their unbeaten run.
    Chili's reveals possible data breach

    Chili's reveals possible data breach

    We are working with third-party forensic experts to conduct an investigation to determine the details of what happened . We deeply value our relationships with our Guests and sincerely apologize to those who may have been affected.
    Manchester United boss Jose Mourinho reveals Michael Carrick regret, promises staff changes

    Manchester United boss Jose Mourinho reveals Michael Carrick regret, promises staff changes

    Rashford delivered a dangerous-looking ball into the box but Daryl Janmaat cleared over his own bar and Marcos Rojo volleyed wide. Michael Carrick was handed a start in his final game for the Red Devils, while Paul Pogba and Ander Herrera dropped to the bench.
  • Boston Dynamics shows off running robot

    Boston Dynamics shows off running robot

    Boston Dynamics' SpotMini was introduced late past year and took the design of the company's "bigger brother" quadruped Spot. Earlier this year, Boston Dynamics released a video showing the SpotMini opening a door for another robot.
    MI  softball opens 23rd straight NCAA Tournament appearance vs. Notre Dame

    MI softball opens 23rd straight NCAA Tournament appearance vs. Notre Dame

    Minnesota (Washington regional), Michigan (Kentucky) and Ohio State (Florida) are seeded second in their respective regionals. Those best-of-three tourneys will each send a team to the Women's College World Series in Oklahoma City, Oklahoma.
    I'm happy to stay at Liverpool, says Mohamed Salah

    I'm happy to stay at Liverpool, says Mohamed Salah

    That wasn't because of the Chelsea game, it was all the other games; Tottenham and Everton at home when we dropped points". Salah's goal tally surpasses the previous record held by Cristiano Ronaldo , Luis Suarez and Alan Shearer.
  • 'Gotham' renewed at FOX for fifth and final season

    'Gotham' renewed at FOX for fifth and final season

    Fox has renewed Batman prequel drama Gotham for a fifth and likely abbreviated final season. Well, fortunately, the series has managed to secure a fifth season pick-up.
    Tesla with Autopilot slams into truck stopped at red light

    Tesla with Autopilot slams into truck stopped at red light

    The Autopilot system of Tesla makes use of cameras and computers to regulate the speed, change lanes and automatically stop cars. According to the police, the female driver has suffered a a minor injury of broken ankle but auto has undergone heavy damage.
    Eyes trained on Gulf as storms develop near Florida

    Eyes trained on Gulf as storms develop near Florida

    The WMBF First Alert Weather Team will be constantly fine tuning this forecast, especially on the WMBF First Alert Weather App. Clouds overnight will keep lows mild, in the low 70s, while highs remain below average in the mid- to low 80s.


Most liked

Israel prepares for inauguration of new USA embassy in Jerusalem
On Monday, the U.S. will officially open its embassy in Jerusalem in a move that is expected to spark protests across the region. Marchers have thrown stones and burned tires at the fence and flown flaming kites over it to try to set Israeli fields on fire.

Legendary Premier League striker urged to join Steven Gerrard at Rangers
But for Tav to score and make it 3-1, and then to go 3-2, we got a bit of belief back. 'Glasgow is a tough city - if I was Wayne, I'd go to America'.

OnePlus 6 Price and Specification Leak by Amazon: Priced at £459 / 519Euros
There's the third variant that OnePlus CEO and co-founder Pete Lau had confirmed for the OnePlus 6 with 8GB RAM and 256GB storage. Apart from renders, Amazon Germany has also given away crucial information including the price of the smartphone.

Nigerian woman kicked off United flight for stinking files racism suit
According to the reports, the trio were on their second leg of a three-flight journey to Ontario, Canada , from Lagos. A United crew member identified in the suit as Russell H. nearly immediately ordered Obioma off the plane.

Narendra Modi trying to 'influence' Karnataka voters with Nepal temple visits: Congress
Situated at 3710 metres above the sea level in Mustang district, Muktinath temple is regarded sacred by Hindus and Buddhists. PM Narendra Modi on Saturday prayed at Nepal's iconic Muktinath temple regarded sacred by both Hindus and Buddhists.

The moment cameras didn't catch that cost Daniel Ricciardo at Spanish GP
I don't think we're necessarily struggling in the front or the rear but overall downforce is always good. "Friday paints one picture but you are never really sure about what is going to happen", said Ricciardo.

5-year-old seriously injured after bear attack near Grand Junction
CPW officers are actively tracking the bear with the aid of federal wildlife services personnel. Local residents may see heavy law enforcement presence throughout the area, including hounds.

Israeli Soccer Team Adding 'Trump' To Name To Celebrate Embassy Move
It's to pay tribute to Trump for his decision to move the American Embassy to Jerusalem. He later posted a video to Twitter slamming former Presidents Bill Clinton, George W.

Former Bills Head Coach Chuck Knox Dies At Age 86
He went on to be a high school coach, before moving onto colleges. Knox also coached the Rams (two different times) and Bills . I'll miss you forever. "No one else will ever compare".

European businesses most affected by US sanctions on Iran
Iran signed the nuclear deal in 2015 with the United States, as well as Britain, China, France , Germany and Russian Federation . At the same time , the sanctions against Iran, presumably aimed at regime change in Tehran, were welcomed by the GCC.

Arsenal legend says it's too soon for Vieira to be Gunners boss
Arsenal fans have since come out in universal support of the veteran Frenchman, who's led them to 10 major trophies in 22 years. During his nine-year reign, Arsenal created their Highbury home and became the foremost footballing force in English football .

Apple Hit With Lawsuit Over 2016 MacBook Pro Keyboard
That, according to the authors of the petition, is simply not good enough, and they're demanding that Apple do something about it. Apple had to replace not only an unresponsive key, but a substantial part of their MacBook for free while under warranty.

Kelly: Vast majority of undocumented immigrants 'don't have skills'
He doesn't make the rules, Kelly argues, he just follows them, even though he claims to be sympathetic to immigrants' plight. They don't speak English; obviously that's a big thing. 'They don't integrate well.

FA Charge Chelsea Over Players Conduct Against Huddersfield
But we have to try to get three points against Newcastle, then to drop something positive for us. Who do you think will win the 2017/2018 EPL? We weren't able to do this. "I'm realistic.

CBSE conducts separate board exams for six Indian sports starlets
The MP Board result will declare at chief minister Shivraj Singh Chouhan's residence in Bhopal, and he will felicitate the topper. The Madhya Pradesh Board of Secondary Education MPBSE will release the MP Class 12 result 2018 on May 14, Monday at 10:30 AM.