Petrol, diesel prices scale new highs on rupee woes

Petrol price hits record high of Rs 80.38 per litre in Delhi; diesel at Rs 72.51 per litre

Reduction in petrol and diesel prices in Andhra Pradesh has come on a day the Congress party anchored a protest against the rising fuel prices across the country and the falling value of the rupee against the dollar. "There were hikes of about Rs 1.5 per litre in the earlier system when the revision took place on fortnightly basis", said Arvind Thakkar, president of Federation of Gujarat Petroleum Dealers Association, the apex body of all local associations of petrol pump operators in the state. In a span of one week, prices of petrol and diesel have gone up by Rs 1.65 a litre and Rs 1.92 a litre, respectively. In Mumbai, the prices of petrol and diesel on Sunday are Rs 87.89 per litre diesel Rs 77.09 per litre respectively. The increase pushed the petrol price in Delhi to Rs 80.50 per litre.

According to reports, the Centre imposes a total of Rs 15.33 per litre of the excise duty on diesel and Rs 19.48 on petrol. Two of them, rising price of crude oil and depreciation in the value of the rupee against the U.S. dollar, are beyond the control of government.

Chandrababu Naidu said that orders for bringing into effect the new rates of petrol and diesel would be issued on Monday and will be effectual from Tuesday morning.

"Since the central government is not responding on (reducing the) petrol prices, Naidu is doing the exercise to give relief to the public", sources in the TDP said. Two, it insulates fuel prices from competitive politics.

"We have made a decision to reduce Value-Added Tax on diesel and petrol by 4 per cent, which will provide much-needed relief to the people of the state, be it farmers or women or others", Raje told reporters in Rawatsar after making the announcement. This led to its excise collections from petro goods more than doubling in the last four years - from Rs 99,184 crore in 2014-15 to Rs 2,29,019 crore in 2017-18.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump spooked Pentagon with draft tweet on North Korea: Woodward
Sep 10, 2018 - 18:43
Since excerpts were released last week, Trump has accused Woodward of making up quotes attributed to him and others. Many have already come forward to say the quotes by them, like the book, are fiction.

isis-killer-beheading-video-story-top Trump says he will delay border fight until after midterms
Sep 10, 2018 - 18:30
Trump said numerous Senate Democrats whom Tester had helped elect "are attacking Judge Kavanaugh and looking like fools". He told The Daily Beast that he had won VIP tickets and met Trump before the rally started for a photo-op.

isis-killer-beheading-video-story-top Latest iPhone Leak Reveals Possible Prices And Names
Sep 10, 2018 - 18:23
The next-generation iPad Pro could a look like the iPhone X , shrinking down the bezels further and losing the home button. Three days from now, the world - especially Apple die-hards - will be treated to the next batch of iPhones.

isis-killer-beheading-video-story-top Bitcoin blow as Goldman Sachs shelves crypto trading desk plans
Sep 09, 2018 - 12:41
Most of the altcoins in the market cap range suffer from average losses with an interval of 9-12% before the press time. At the time of press, the ETH is looming at $258, which showcases the 11% dip in the last 24 hours till the press time.

isis-killer-beheading-video-story-top White House narrows search for anonymous op-ed writer
Sep 09, 2018 - 12:03
The president went as far as to claim he is looking at whether the Times should be punished for publishing the anonymous piece . Pence's remarks were responding to claims made in an anonymous op-ed published by The New York Times this week.

isis-killer-beheading-video-story-top Brazil candidate Bolsonaro's surgery was successful: running mate
Sep 09, 2018 - 10:37
Dr Luiz Henrique Borsato, who performed emergency surgery on the candidate, said Mr Bolsonaro's recovery is "satisfactory" so far. Officials and Bolsonaro's son have said his injuries are not life-threatening, according to the Associated Press .

isis-killer-beheading-video-story-top 'Heartbreaking': Naomi Osaka brought to tears as US Open fans boo
Sep 09, 2018 - 07:17
Naomi Osaka won her first Grand Slam title Saturday, also becoming the first Japanese woman ever to win a Grand Slam final. It's one of the things Osaka always admired about Williams, made her choose her as the topic of that report years ago.

isis-killer-beheading-video-story-top South Korea: Kim Jong-Un Wants to Denuclearize During Trump’s First Term
Sep 09, 2018 - 06:27
The North Korean leader cited his dismantlement of a key nuclear test site and his suspension of missile tests. Under discussion is whether denuclearisation or declaring an end to the 1950-53 Korean War should come first.

isis-killer-beheading-video-story-top Another Philly Special: Eagles outlast Falcons in NFL opener
Sep 09, 2018 - 05:37
If the Eagles need any help at receiver once Wentz is cleared to play after knee surgery last December, Foles is ready to go. It wasn't pretty, but the champs opened their title defense with the 18-12 win.

isis-killer-beheading-video-story-top Colin Kaepernick Nike ad riles President Trump
Sep 09, 2018 - 00:27
President Donald Trump took another swipe in a tweet Wednesday that claimed Nike was "getting absolutely killed with anger and boycotts".

isis-killer-beheading-video-story-top Trump ready to set tariffs on all goods from China
Sep 08, 2018 - 22:43
The Shanghai market is down roughly 23 percent in dollar terms so far this year while the Dow has risen almost 5 percent. These US goods include soybeans and beef a direct shot at supporters of President Donald Trump in the US farm belt.

isis-killer-beheading-video-story-top Florence forecast to restrengthen to a major hurricane before threatening US
Sep 08, 2018 - 19:43
Tropical Storm Helene will pass through the Cabo Verde Islands Saturday night and Sunday, then turn out to sea. Florence is still sitting in an area of significant wind shear, which has kept the storm from strengthening.

isis-killer-beheading-video-story-top Newcastle United match will be part of VAR Premier League trial
Sep 07, 2018 - 17:15
The emergence of Joe Gomez as part of the Premier League's best centre-back pairing is such a boost for Gareth Southgate and England.

isis-killer-beheading-video-story-top NAFTA negotiations resume after Trudeau criticizes rule-breaker Donald Trump
Sep 07, 2018 - 17:14
Congress by October 1 in order to join the deal the Trump administration signed with Mexico last week, trade analysts say. But on the sidelines, President Trump and Prime Minister Justin Trudeau have dug into seemingly irreconcilable positions.

isis-killer-beheading-video-story-top Suarez says Manchester United midfielder will be happy at Barcelona
Sep 07, 2018 - 16:03
Every time Manchester United don't play well and get a poor result, it always seems to be Paul who gets most of the criticism. Manchester United and the Spanish tax agency both declined to comment.