Heena Sharma Blog

A day after the Centre and some state governments announced a cut in taxes on fuel products, petrol and diesel prices came down significantly across major cities this morning. Mumbai saw the biggest cut in petrol prices — of Rs 4.37 per litre. Petrol is now sold at Rs 86.97 a litre in the city. In Delhi, Kolkata and Chennai, petrol is being retailed at Rs 81.50, Rs 83.35 and Rs 84.70 per litre, respectively. Diesel prices are down by Rs 2.50 in all the four cities. Price of the fuel in Delhi, Kolkata, Mumbai and Chennai are Rs 72.95, Rs 74.80, Rs 77.45 and Rs 77.11 per litre, respectively. The Opposition critised the decision, saying the cut was "an ant" compared to the increase which is "an elephant". ALSO READ: Modi govt blinks, reduces petrol and diesel prices by Rs 2.5 a litre "It's a panic reaction from the government. The relief is insignificant and like a needle in haystack," party spokesperson Randeep Surjewala sai

Retail selling prices have been firming up since July 30 as international rates inched up Current Affairs News : Petrol prices have crossed the Rs 77 a litre mark for the first time in two months due to firming international rates. Petrol price in Delhi was on Tuesday hiked by 9 paisa a litre to Rs 77.06 while diesel rates went up by 6 paisa to Rs 68.50 per litre, according to daily price notification issued by state-owned oil firms. Fuel prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT. Retail selling prices have been firming up since July 30 as international rates inched up. Rates have risen by Rs 0.90 a litre in case of petrol in nine days while diesel prices have risen by Rs 0.88 per litre. Petrol price had touched an all-time high of Rs 78.43 a litre on May 29 and had since receded. On that day, the diesel price had touched an all-time high of Rs 69.30. Petrol was last above the Rs 77-mark on June 9 w

Petrol will now cost Rs 76.35 a litre in Delhi, down from Rs 76.43 Current Affairs News : Petrol prices saw a marginal slash of Rs 8 paise on Thursday after witnessing a fall of around Rs 2 in the last 14 days. Petrol will now cost Rs 76.35 a litre in Delhi, down from Rs 76.43, showed the data on Indian Oil's website. However, dieasel prices remain steady at Rs 67.85 per litre in the   national   capital. Indian Oil   Corp provides daily prices for diesel and petrol across metros and state capitals. Prices of non-branded petrol in metro-cities, applicable from 6:00 am on June 15, were Rs 76.35 per litre in Delhi, Rs 79.02 per litre in Kolkata, Rs 84.18 per litre in Mumbai, and Rs 79.24 per litre in Chennai. With Tuesday's cut, petrol prices had come down by 1.98 paise in 14 days. On May 29, petrol prices had touched a peak of Rs 78.43 a litre in Delhi and Rs 86.24 a litre in Mumbai. As of Monday, the pace of decline had been less than half the rate

These small cuts contrast against the nearly Rs 4 per litre rise in petrol prices during May 14-29, with the daily hike in prices varying around 15-30 paise a litre Current Affairs News : High fuel prices have burnt a hole in the common man's pockets. With mounting frustration, rates have been cut for the third consecutive day today. However, this is likely to be cold comfort for most given that the reduction in prices has been minuscule. Prices for petrol and diesel fell by 6 paise and 5 paise per litre, respectively, on Friday. After a one paisa cut in fuel prices, petrol prices across the four metros were cut on Thursday by seven paise a litre and diesel prices fell by five paise. Petrol now costs Rs 78.29 per litre in Delhi, while the price of diesel has been revised to Rs 69.20 a litre. The revised Petrol prices in other metro cities are -- Rs 80.92 in Kolkata, Rs 86.10 in Mumbai, and Rs 81.28 in Chennai. The revised diesel prices are Rs 71.75 in Kolkata, Rs 73.6

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 by Rs 3.38 in that fortni

In line with petrol, the price of diesel also increased -- to Rs 69.17 a litre in Delhi, and Rs 73.64 in Mumbai Economy & Policy News : Retail fuel prices in India continue to burn a hole in pockets, with the cost of petrol increasing for a 15th consecutive day on Monday to touch a new high of Rs 78.27 a litre in Delhi, up from Rs 78.12 per litre a day before. This, incidentally, happened on a day when the global crude   oil price   showed a decrease. On Monday, petrol prices in Mumbai stood at Rs 86.08 a litre, in Kolkata Rs 80.76 and in Chennai Rs 81.11. In line with petrol, diesel prices also increased -- to Rs 69.17 per litre in Delhi and Rs 73.64 per litre in Mumbai. Following the Karnataka polls and the 19-day fuel price freeze from April 24, oil marketing companies opted for a price rise for petrol and diesel. On May 15, the price of petrol was increased by 17 paise a litre and that of diesel by 21 paise a litre in Delhi. The petrol price was seen at Rs 74.80

Even as people across India see rising fuel prices burning a hole in their pockets, the price of petrol has touched Rs 85 a litre in Mumbai and Rs 77.17 a litre in Delhi Current Affairs News : Petrol and diesel will continue to burn a hole in your pocket as Hindustan Petroleum Corporation Limited (HPCL) Chairman and Managing Director Mukesh Kumar Surana has told news agencies that fuel prices might remain high in the immediate future. Petrol prices in the country's financial capital, Mumbai, touched Rs 84.99 a litre on Wednesday, while the fuel's price inched higher to a new record of Rs 77.17 in Delhi. In Delhi, Kolkata, Mumbai, and Chennai, diesel was sold at Rs 68.34, Rs 70.89, Rs 72.76, and Rs 72.14 per litre, respectively. As of Wednesday, one trigger after another had led to the 10th consecutive day of increase in retail selling price of petrol and diesel. As frustrations mounted across the country, Union Law & Justice, Electronics, and Information Techno