Fuel prices revised; petrol, diesel to cost more

Petrol diesel prices hiked after 19 days as Karnataka elections get over

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.

Khloe Kardashian shares first video of daughter True's face
That first Instagram video of True also prompted one user to revive baseless speculation that Khloe is really the daughter of O.J. It's Khloe Kardashian's very first Mother's Day and she's getting some serious appreciation.

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:



Most liked

'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
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.

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.

Falcons agree to terms with defensive tackle Terrell McClain
The Falcons agreed to terms with defensive tackle Terrell McClain on Friday, further solidifying their defensive line rotation. If you're sensing a theme here, it is that injury concerns are holding back the true potential of the Cowboys defensive line.

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.

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.

Seann William Scott to star in 'Lethal Weapon' Season 3
Lethal Weapon has gone from being in serious jeopardy to scoring a surprise season three renewal thanks to a shrewd re-casting. Previously, there were two known instances of bad behavior on set, prompting him to release a public apology on Twitter.

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.

Mother's day special: 5 incredible ideas to celebrate an eternal bond
What if I get sick? These super rib-tickling memes can also be the best way to read aloud to your moms . I love everything about it; her bright blue eyes, the closeness, the way her hand's on my shoulder.

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.

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.

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.

Pompeo says talks with North Korea's Kim have been 'heat'
He said past efforts to denuclearize North Korea had failed because of hasty rewards and the same mistakes should not be repeated. To the United States , that means the North giving up the nuclear weapons it has already built.

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.