Heena Sharma Blog

Petrol and diesel prices reached a new unprecedented level on Friday after oil marketing companies announced a sharp hike on Friday. In Delhi, petrol rose 48 paise to be sold at Rs 79.99 per litre. With a similar hike, petrol in Mumbai is priced at Rs 87.39 per litre. Diesel prices saw an even bigger hike on Friday. While in Delhi, prices rose by 52 paise, in Mumbai, the rates went up by 55 paise. The fuel is retailing at Rs 72.07 and Rs 76.51 per litre in Delhi and Mumbai respectively. Except for a halt on Wednesday, petrol and diesel rates have gone up every day since 26 August. Overall, petrol and diesel prices have gone up by Rs 2.32 and Rs 2.75 respectively in Delhi, since then. Opposition parties will launch nationwide strikes and protests next week over record-high fuel prices. ALSO READ: Govt rules out excise duty cut, even as petrol prices hit Rs 79.15 in Delhi The Congress has accused the government of "fuel loot" that it said had raised Rs 11 tri...

Fuel prices in the country are largely determined by global crude oil prices, which have been on a downward trajectory for nearly a month now. Current Affairs News : Petrol prices, after remaining steady for three consecutive days, were cut by 8-12 paise in Delhi, Kolkata, Mumbai and Chennai on Tuesday. Diesel prices, however, remained unchanged. According to prices announced by Indian Oil Corp (IOC) on Tuesday, petrol prices were down 8 paise to Rs 76.27 a litre in Delhi. Petrol prices in Kolkata, Mumbai and Chennai were Rs 78.94, Rs 84.06 and Rs 79.16 a litre respectively. Here are the prices of non-branded petrol across state capitals (Rs/litre), applicable from 6:00 am June 19: 1) Agartala:   Rs 72.07 2) Aizwal:   Rs 72.19 3) Ambala:   Rs 76.39 4) Bangalore:   Rs 77.51 5) Bhopal:   Rs 81.86 6)   Bhubhaneswar:   Rs 75.09 7) Chandigarh:   Rs 73.36 8) Dehradun:   Rs 77.64 9) Gandhinagar:   Rs 75.58...

The reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates Economy & Policy News : After 16 days of relentless price hikes, petrol price was today cut by about 60 paise a litre and diesel by 56 paise on the back of softening international oil rates and strengthening Indian rupee. Petrol price in Delhi was cut by 60 paise to Rs 77.83 a litre. Rates had yesterday touched an all time high of Rs 78.43 per litre, according to a price revision notification of state-owned oil firms. Diesel rates were cut by 56 paise in Delhi to Rs 68.75 per litre. Prices are now off their peak of Rs 69.31 a litre. The reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates. In all, petrol price was increased by Rs 3.8 per litre and diesel b...