Petrol, diesel prices hit fresh high, go up for 10th consecutive day
04 September, 2018, 17:24 | Author: Kevin Carter
This meant India had to import 82 percent of its fuel requirements at around $77.06, a very high rate, today, thereby taking fuel prices to an all-time high of Rs 86.56 per litre for petrol and Rs 75.54 per litre for diesel in Mumbai.
Petrol and diesel prices have seen a 13% and 19% rise respectively in Delhi in this calendar year.
The prices of CNG and piped natural gas (PNG) were also hiked in metro cities since the price of gas procured by city distributors is mostly dollar-denominated.
In the national capital, petrol prices touched Rs 79.15/litre and diesel was at Rs 71.15/litre.
Fuel rates have been on fire since the middle of August, rising nearly every day due to a combination of a drop in the value of the rupee and rise in crude oil rates. Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the United States dollar. The excise duty on petrolincreased from Rs 9.48 per litre to a high of Rs 21.48 per litre by January 2016.
On Tuesday, the rupee closed to a record low of Rs 71.58 per dollar. This year in May, Bank of America Merrill Lynch observed that the deteriorating conditions in Iran may push the crude oil prices to Dollars 100.
"As for the Rupee, it has depreciated by about 11 per cent against the United States dollar since the beginning of this calendar year owing to its sensitivity to crude oil prices and significant outflows of foreign investment". OPEC (Organisation of the Petroleum Exporting Countries) had promised that it will raise production by one million barrels per day, which was not raised. "Knowing that we can't disturb the fiscal deficit, we should rather be fiscally prudent", the official in the finance ministry said. Besides, states levy a value-added tax (VAT), the lowest being in Andaman and Nicobar Islands where a 6% sales tax is charged on both the fuel.
State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions.
But it was his military service, punctuated by years as a prisoner of war in North Vietnam, that molded McCain's political life. The procession was highlighting what McCain found important, some of which contrast with Trump's style and priorities.
In terms of meaningful consultation with First Nations regarding the project, Dreeshen feels many were on board with the project. Hundreds - including two federal MPs - have been arrested for blocking the entrance of a facility belonging to Trans Mountain.
Prior to this match Federer had not lost a set as he he continues his chase for a sixth US Open triumph and 21st grand slam title. In the women's draw, Madison Keys eased into the quarter-finals with a 6-1, 6-3 victory over Slovakia's Dominika Cibulkova.
The Press Association reports that a spokesman for Channel 5 said the other housemates had been informed of Pallett's decision. On Saturday morning, the CBB Twitter account announced that Pallett had made a decision to leave the Big Brother house.
Last year, 628,000 African tourists visited China, 4.4 per cent more than 2016, while over a million Chinese travelled to Africa. Established 18 years ago, FOCAC has achieved fruitful results and has become a significant mark of China-Africa cooperation.
Stevie Wonder , Faith Hill , Jennifer Hudson , Ron Isley , Ariana Grande and Yolanda Adams are among those slated to perform. Ellis, III , pastor of Greater Grace Temple, who will serve as officiant for Frankin's funeral told ET earlier this week.
Ice Cube responded Monday to a fan who tweeted about the shooting that took place at the Del Mar Fairgrounds last night. The alleged shooter was reportedly taken down by police before being rushed to hospital with gun shot wounds.
In response, the police claim, they opened fire, at the time unaware that Marquez wasn't brandishing an actual handgun. An online tribute to Marquez said that she was a member of the TCM Party, a classic movie fan club.
Serena William battles into US Open quarterfinals
She said she believes new mothers should be more prepared for the fact that it can take time to recover from childbirth. This match was filled with big hitting by both women, along with all manner of shifts in momentum and quality of play.
What to Do If Someone Rings Your Doorbell Overnight
The Montgomery County Sheriff's Office has released the footage online hoping that someone might identify the woman . One of the neighbors had a system called Ring installed, which is a video doorbell and security system.