Petrol, diesel prices start buzzing soon after Karnataka elections

Petrol And Diesel Prices Hiked Again — Petrol Price In Mumbai Stands At Rs 83.16 Per Litre

Diesel prices in Delhi have accordingly moved upwards at Rs 66.57 per litre and Rs 70.88 per litre in Mumbai.

Prices of petrol and diesel were on Wednesday hiked again for the third consecutive day, as petrol price cross Rs 75 in the national capital while diesel was retailing at Rs 66.57.

The daily increase in petrol and diesel prices is expected to continue for some more time as global oil prices are on boil with benchmark Brent crude price settling a new four-year high of $78.94 a barrel on Tuesday.

Diesel price in Kolkata: Diesel price here was valued at Rs 69.11 per litre higher by 21 paisa as against previous price of Rs 68.90 per litre. The deferred loss from last month will now be included in their month's fuel price hike adjustment.

In April, Union Petroleum Minister Dharmendra Pradhan said the Centre and the state governments have been considering bringing the petroleum products under the ambit of Goods and Services Tax.

Petrol And Diesel Prices Hiked Again — Petrol Price In Mumbai Stands At Rs 83.16 Per Litre

Petrol prices were hiked by 17 paise a litre and diesel by 21 paise on Monday after a 19-day gap. But prices were frozen thereafter.

The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then also cut the tax once in October past year by Rs 2 a litre.

Analysts estimate the three OMCs - Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd - took a combined hit of over Rs 1,500-1,700 crore since the start of April, when the prices marginally higher despite a steep rise in worldwide oil prices. Diesel price has also hit its all time high since abolition of LBT here. Traders, businessmen, transporters and others were also seen showing dissatisfaction over the current levels of fuel prices. "As the crude oil prices were constantly moving up, its impact on diesel and petrol prices should have been reflected in the country". "Most of us have lost sizable business because of high diesel cost".

According to the price build-up data for fuels provided by International Olympic Committee, 42 per cent of the total diesel price charged to consumers comprises taxes while the tax component stands at 52 per cent for petrol.

Related News:

  • Gwyneth Paltrow's daughter looks so much like her they must be related

    Gwyneth Paltrow's daughter looks so much like her they must be related

    In 2014, the pair called time on their relationship, with Gwyneth describing their separation as a " conscious uncoupling ". She celebrated Mother's Day by posting a throwback nude snap of herself pregnant with her first child, daughter Apple .
    Republicans pledge teacher raises ahead of Wednesday's rally in Raleigh

    Republicans pledge teacher raises ahead of Wednesday's rally in Raleigh

    CMS says North Carolina is 43rd in the nation when it comes to per-pupil expenditures. Clement Early College High School.
    Gaza Killings: Ireland Summons Israeli Ambassador

    Gaza Killings: Ireland Summons Israeli Ambassador

    We need to show that we support the Palestinian people in their fight against the Israeli government. Sinn Féin calls on the Irish government to take a lead internationally on this.
  • Are You Ready for GDPR?

    Are You Ready for GDPR?

    The platform has always had a lower data retention period than Facebook , never holding on to information for more than two years. Subject to certain conditions, you are entitled to have your personal data erased (also known as the "right to be forgotten").
    Wow Air flying to India

    Wow Air flying to India

    The route will give fliers in nine USA cities one-stop, low-priced access to the Asian subcontinent. Mogensen is famous for saying that a day will come when airlines will pay their passengers to fly.
    U.S.  will not take part in Astana talks on Syria - diplomat

    U.S. will not take part in Astana talks on Syria - diplomat

    The Iranian and Russian delegations have also held meetings with Bashar Ja'afari, representative for the Bashar al-Assad regime. The UN Envoy to Syria Staffan de Mistura is expected in Astana today.
  • The Honor 10 Goes Global, Starting With The UK

    The Honor 10 Goes Global, Starting With The UK

    The smartphone packs a 3,400mAh battery and comes in Midnight Black and Phantom Blue colour variants with gradient finish. Alternatively, users can use the Ultrasonic under-glass fingerprint sensor positioned on the front of the Honor 10 .
    Click It or Ticket Coming to Parsippany

    Click It or Ticket Coming to Parsippany

    In 2017, 42 percent of automobile fatalities in North Carolina were drivers or passengers who were not wearing their seat belt . It also requires all children less than 15 years of age to be properly secured in the vehicle.
    Why don't Arsenal sign Yaya Toure from Man City?

    Why don't Arsenal sign Yaya Toure from Man City?

    As a result, City won £39,755,923 in prize-money, to runner-up United's £37,768,127, according to research from by MailOnline. That gap between them and City could be even bigger. "He told me that he is happy with what I am doing".
  • Unemployment in the East drops - but so does number of workforce jobs

    Unemployment in the East drops - but so does number of workforce jobs

    Sinclair argues that thousands of United Kingdom employers are still betting on continuing economic growth and are trying to hire. Wages in the United Kingdom are rising faster than inflation figures released this morning show.
    'Zero concern' as James says Cavs will bounce back

    'Zero concern' as James says Cavs will bounce back

    Morris managed 21 points on 7-for-12 shooting himself in what was a typically even offensive performance from the Celtics . Personally, I think I'm probably the best guy defending him in the league, outside of Kawhi (Leonard ).
    Information Commissioner considers legal action against users of facial recognition technology

    Information Commissioner considers legal action against users of facial recognition technology

    Big Brother Watch submitted freedom of information requests to every police force in the UK. Two police forces acknowledged they were now testing facial recognition cameras.


Most liked

Europa League Final 2018: how and where to watch
Marseille , meanwhile, are aiming for Euro glory on the 25th anniversary of their Champions League triumph. Has no human losses on the eve of the final.

Samsung announces new Sunrise Gold and Burgundy Red Galaxy S9 series edition
It has actually released the Burgundy Red hue for the Galaxy S9 earlier than it did for the Galaxy S8 a year ago . It has developed this finish to appeal to all users by fusing a touch of high fashion with urban interior design.

Fortnite 4.2 Delayed: Fortnite Downtime Rescheduled by Epic Games
Another day, another Fortnite update, and this one means the serves will be down for a period, just like they normally are . In other Fortnite news, the way the Battle Royale genre was taken over the world was highlighted by a recent stat.

Germany announce 27-man squad; Gotze, Can, Mustafi dropped
Both know that they made a mistake. "I would like to be the coach who brings Italy back to the top". Germany will begin its World Cup defense with group games against Mexico, Sweden and South Korea.

Mourners line streets of Liverpool as Alfie Evans hearse passes
Announcing the news of his death on 28 April , his parents said: "Our baby boy grew his wings tonight at 2:30am". Evans was born on May 9, 2016, and was first taken to hospital in December of that year after suffering seizures.

Trump supporter Lou Barletta wins GOP nod to take on Sen. Casey
Pennsylvania could send at least three women Congress next year, breaking the all-male hold on the state's 18-member U.S. Trump edged Democrat Hillary Clinton by less than 1 percentage point in Pennsylvania in 2016's presidential election.

ICSE, ISC 2018 Board Result: Merit List Available on cisce.org
Nagpur has just four schools affiliated to and from this year onwards, only Std X (known as ICSE ) will be operational. The Council for the Indian School Certificate curriculum is followed by three schools in Dubai and one in Sharjah.

Harmanpreet, Mandhana named captains for Women's T20 challenge
Once we have those many players then I think it will be wise enough to have a women's IPL. The contest will be played at the same venue before the playoff of the ongoing IPL.

Japan's economy contracted for first time in two years in Q1 2018
Fourth quarter growth was revised to an annualized 0.6 percent, down from the 1.6 percent estimated earlier. The bank is widely expected to keep its benchmark lending rate unchanged at 1.50%.

HTC Exodus Is A Blockchain-Powered Smartphone
While HTC's phone isn't available yet, it's rumoured that the company may sell the phone in exchange for cryptocurrency. Exodus phones will reportedly behave as "nodes" to facilitate cryptocurrency trading amongst phone users.

STALKER 2 is coming in 2021, apparently
Four years later GSC was back, announcing a new RTS game called Cossacks 3 , and ever since the studio has been silent. There's bugger all info available at the moment, but fans of S.T.A.L.K.E.R. can rejoice: you're getting a sequel.

New BMW 8 Series Coupe To Be Unveiled On June 15, 2018
BMW will mark its return to Le Mans with the world premiere of the 8 Series coupe ahead of a 2018 market launch. BMW will race two M8 GTEs at this year's Le Mans race, the first time the brand has done so since 2011.

Lightning avenge home losses with Game 3 win in Washington
So far, the Stamkos we're seeing tonight - rather than the one of the previous two games - appears to be who he really is. After Tampa Bay scored the game's first three goals, Connolly tallied for the Capitalsmidway through the second period.

10 missing as boat capsizes in Godavari River in Andhra
The tragedy took place between 4.30 PM to 5 PM near Manturu of Devipatnam Mandal in East Godavari district. Local media reports suggest that the passenger boat started from Devipatnam and was en route to Vadapalli.

Meghan Markle's half-sister says father had heart attack
They will be pulling the couple's carriage of choice an Ascot Landau along with another four horses during the procession. Kensington Palace has appealed for "understanding and respect" for Prince Harry and Meghan amid this latest media storm.