The big fuel pinch: Petrol, diesel prices skyrocket

Since July 1 petrol price in Delhi has risen by Rs 7.29 per litre to Rs 70.38 per litre on 13 September 2017

Since July 1 petrol price in Delhi has risen by Rs 7.29 per litre to Rs 70.38 per litre on 13 September 2017

The price of petrol in Delhi on Tuesday was Rs 70.38 per litre, and in Mumbai a litre of petrol cost Rs 79.48.

The petrol and diesel prices have gone through the roof ever since the central government announced daily revision of fuel prices.

At present, petroleum products have been put outside the Goods and Services Tax Bill ambit.

Georgia Power offers update on state-wide outages
Georgia EMC's district engineering coordinator Bennie Bagwell said they're hoping to have all their power restored by Thursday. Georgia Power crews are trying to restore power as quickly as possible and working around the clock to try to make repairs.

Minister of Petroleum & Natural Gas Dharmendra Pradhan today said the Government will adopt immediate measures to check the price of petroleum products.

With crude oil prices plunging a year ago, the government levied a cess on petrol in order to mop up extra revenue for the exchequer. The prices are revised by state-owned oil manufacturing companies (OMCs) every day based on crude price movements. "It is time that he passes of the benefit of 50 per cent reduction in worldwide prices of crude oil to the common person and government stops looting people to fill up its coffers", he added. When we started daily revisions on June 16, rates dropped in the first fortnight. Pradhan noted that global crude oil prices had recently gone up as much as 15% owing to production being hit in the USA owing to the impact of multiple hurricanes.

Daily revision allows any fall in global oil rates to be passed on to consumers immediately rather than having to wait for 15 days as in the old system, he added.

Simran title song sums up the quirkiness of Kangana's character
Be it holding the fort for Kangana or raking up the likes of KRK to prove her stand, Rangoli is voicing her opinion and how. Kangana might not be on any social media platforms but her sister Rangoli is enough to speak for her.

The country doesn't subsidise gasoline and diesel anymore, after introducing a system in June that allowed state-run fuel retailers to daily change the prices in line with global crude oil.

Meanwhile, the daily travellers, all over the nation, have criticised the government, while also requesting them to reconsider the dynamic surge in pricing.

The news reports of a possible government intervention to keep the retail fuel prices in check came in the wake of petrol and diesel prices rising to hit three-year highs in some cities, only, without the people noticing it much this time. "It should come down and is going beyond the common man's budget", he told ANI.

Energy Transfer Equity, LP (ETE) Price Target Cut to $20.00
Van ECK Associates Corp's holdings in Energy Transfer Equity, L.P. were worth $2,587,000 at the end of the most recent quarter. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward.

Diesel is being retailed at Rs. 58.72 per litre, Rs. 61.37 per litre, Rs. 62.37 per litre and Rs. 61.84 per litre respectively.

Recommended News

  • AIADMK sacks Sasikala as interim general secretary

    AIADMK sacks Sasikala as interim general secretary

    Several bylaws governing the AIADMK were amended by the general council of the AIADMK (Amma, PTA) on Tuesday. Twenty-two rules out of a total of 46 have been changed through a resolution adopted at the general council.
    Kabul: Blast outside cricket stadium kills three people

    Kabul: Blast outside cricket stadium kills three people

    Officials also said all players participating in a Shpageeza Cricket League match within the stadium and the spectators were safe. There was no immediate claim of responsibility or details of the players.
    Hansteen Holdings plc (HSTN) Price Target Raised to GBX 130

    Hansteen Holdings plc (HSTN) Price Target Raised to GBX 130

    Burberry Group presently has a average recommendation of Hold and an consensus price target of GBX 1,701.21 ($21.97). The Baker Avenue Asset Management Lp holds 21,239 shares with $519,000 value, down from 191,185 last quarter.
  • Rami Malek wows as Freddie Mercury in Bohemian Rhapsody Queen biopic clip

    Rami Malek wows as Freddie Mercury in Bohemian Rhapsody Queen biopic clip

    There are also shots of Malek sitting at the piano and miming " Bohemian Rhapsody ", which is also the title of the film. And now years later not only is a movie finally being made about Mercury but the performance will be part of the film.
    Apple unveils $999 iPhone X with facial recognition

    Apple unveils $999 iPhone X with facial recognition

    One example shown featured using an Major League Baseball app to see play stats over the field while you're at the ballpark. They also all have wireless charging and the same storage options, starting with a base of 64GB or a larger 256GB upgrade.
    Manchester City 5-0 Liverpool

    Manchester City 5-0 Liverpool

    The flashpoint came when a Joel Matip through-ball sent Mane careering into the open space behind City's defence. There was no malice from Mane, but by the letter of the law a red card was the right decision.
  • Comcast Corporation (NASDAQ:CMCSA) Stock Traded -5.1% Below Its 50 Day Average

    Comcast Corporation (NASDAQ:CMCSA) Stock Traded -5.1% Below Its 50 Day Average

    Manufacturers Life Insurance Company The holds 0.35% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 3.55M shares. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04.

    Crude Oil Making Another Charge At USD50 Post-Harvey

    Also ahead, the Organization of Petroleum Exporting Countries' monthly report to assess global supply and demand levels is due. Demand rose by 2.3 million barrels a day in the second quarter of this year.
    Fewer South Georgia residents without power Wednesday morning

    Fewer South Georgia residents without power Wednesday morning

    Tuesday show 68,870 outages in a region that includes Middle Georgia and extends west to Columbus. Within a 12 hour period the number of customers without power dipped from 870,000 to 574,359.
  • European Union  seeks to ramp up North Korea sanctions pressure

    European Union seeks to ramp up North Korea sanctions pressure

    Russian Federation had condemned the idea of tightening sanctions on North Korea without any political push to resolve the crisis. Mr Ri and Mr Hong's roles have also been noted overseas, prompting the United Nations, the USA and South Korea to blacklist them.
    Supreme Court puts redrawing of Texas political maps on hold

    Supreme Court puts redrawing of Texas political maps on hold

    The high court could also choose to delay the March primary elections - a decision that's likely months away. The court's brief Tuesday orders offered no clear indication on whether it agreed with those claims.
    Russian cyclists file lawsuit against Wada and Dr Richard McLaren

    Russian cyclists file lawsuit against Wada and Dr Richard McLaren

    As a result, Wada recommended all Russian athletes be banned from competing in the Rio Olympics and Paralympics. They had launched an appeal before the Court of Arbitration for Sport (CAS) prior to the Olympics but lost.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.