16
Tuesday
October 2018
11:43 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Petrol, diesel rates scale new highs
 
New Delhi, Sep 18 (PTI) After a one-day hiatus, petrol and diesel prices Tuesday were hiked again to new highs.

While rates were not changed on Monday, a 10 paise per litre hike in petrol price and a 9 paise a litre increase in diesel was effected Tuesday, according to a price notification of state-owned oil marketing companies.

Petrol in Delhi now costs Rs 82.16 per litre and diesel is priced at Rs 73.87 a litre.

In Mumbai, petrol priced touched an all-time high of Rs 89.54 per litre. It costs Rs 83.91 in Kolkata and Rs 85.31 in Chennai.

A litre of diesel in Mumbai costs Rs 78.42, Rs 75.53 in Kolkata and Rs 78 in Chennai, according to the notification.

Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or value added tax (VAT).

A combination of a dip in rupee value against the US dollar and rise in crude oil prices has led to a spike in fuel prices since mid-August. Petrol price has since risen by Rs 5.02 per litre and diesel by Rs 5.15 -- the most in any one-month period since the daily revision in fuel prices was introduced in June last year.

Rates vary from city to city and from pump to pump depending on local taxes and transportation cost.

The deadly cocktail of high oil prices and depreciating rupee has made imports costlier and led to a surge in fuel prices.

Price of Brent crude, benchmark for half the world's oil including India's, was hovering around USD 80 per barrel while rupee traded at 72.8112 to a US dollar Tuesday, nearing a record low of 72.9138 touched last week.

India is 81 per cent import dependent to meet its oil needs.


Trillions in US net worth vulnerable to recession: IMF
Will cause third World War if I join politics: Indra Nooyi
RBI springs surprise, keeps interest rates unchanged
IndiGo announces flights to Male, Phuket
Salaries in India may rise 10% in 2019, highest in Apac:Study
Govt to finalise Air India revival package in 10-15 days, says Choubey
Apple chief says firm guards data privacy in China
Govt plans Bharat-22 ETF listing on an overseas exchange
Sun Pharma expects normalisation of India biz in FY'19
Innovations for festive sales help build capabilities for future, says Flipkart
Cabinet Gives Nod to New Telecom Policy to Create 40 Lakh Jobs
Cabinet okays Rs 4,500 crore package to sugar industry
Instagram departures hit Facebook shares
Sensex ends in red after 1,000-pt flash crash
OYO to hire over 2,000 tech experts, engineers by 2020
Sensex recovers over 100 points on value-buying, global cues
Deepak Kapoor Appointed the new Chairperson of Save the Children
RCom to exit telecom fully to focus on realty: Ambani
Adani Capital to raise Rs 1,000 cr in growth capital in FY19
Vijaya Bank, Dena Bank, BoB to merge: Govt
KERALA NEWS
Sabarimala row: Protests against SC verdict continue
 Thiruvananthapuram: Members of the Opposition Congress and BJP in Kerala Friday staged demonstration  
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
Eight pacts signed after Modi-Putin summit
INTERNATIONAL NEWS
Flash floods kill at least 13 people in southwest France
 (Paris, oct 15, 2018):Flash floods tore through towns in southwest France, turning waterways
Prince Harry and wife Meghan expecting first baby next year
Death Toll in Afghanistan Election Rally Blast Climbs to 22
Kabul voters wrestle with newspaper-sized ballot paper
NATIONAL NEWS
Minister MJ Akbar Sues Journalist For Defamation Over #MeToo Allegations
 (New Delhi, oct 15, 2018):Union Minister MJ Akbar, accused of sexual harassment by a dozen wo
Goa Congress Calls Cabinet Meeting in AIIMS 'Desperate Drama', Demands Parrikar's Resignation
‘Flogging a dead horse’: BJP’s comeback on Rahul’s attack on Rafale
AG Venugopal favours Indu ruling on Sabarimala
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.