Petrol prices rise for 13th straight day; nearly Rs 78 in Delhi

As fuel prices rise for 11th consecutive day Centre says it is considering immediate solution

27 per litre in Delhi.

Along with Delhi, prices in Mumbai and Chennai have already reached record levels. On Monday, petrol prices in Mumbai stood at Rs 86.08 a litre, in Kolkata Rs 80.76 and in Chennai Rs 81.11.

The present oil price hike is due to three main factors - hike in worldwide price of crude, fluctuation in dollar and Indian currency ratio and some of the tax issues are also there.

Lega Party Calls on Italian President to Elect New Parliament
The president has very limited powers but can appoint heads of government and their chosen ministers. Meanwhile, utility stocks led the gains, up around 0.7 percent amid political uncertainty in Italy.

In Kolkata, the price was Rs. 80.61, against Rs. 80.47 on Friday. The price of Brent crude oil, the global benchmark, is now at over $79 per barrel.

As per the country's pricing mechanism, the domestic petrol prices are dependent on the worldwide fuel price on a 15-day average. If Odisha government cuts its Value-Added Tax, the fuel price will come down. It must be mentioned here that the government permitted daily price revisions of petrol and diesel in June 2017 to help state-run oil marketing companies (OMCs) cut losses.

Though political parties blame each other for this situation, the common man is ending up paying higher prices because of a progressive increase in taxes.

LeBron James' hilarious exchange with reporter on being clutch
Other than Kevin Love , the rest of the Cavaliers have been AWOL this series when traveling outside of the Cleveland city limits. The series is where it is because the Celtics won Game 5 96-83, even though they shot just 36 percent from the field.

Prices of petroleum products have hit an all time high in Indian history. Think tanks have recommended bringing petroleum products under the purview of the GST to bring down prices.

The price Brent crude oil, however, has declined around $3 per barrel in the last two days, which raises hopes of easing fuel prices in the country. After Prime Minister Narendra Modi-led NDA government came to power in 2014, excise duty on petrol has been hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre. Global oil prices are near $80/barrel, extending their rally on the likely return of sanctions on Iran, India's third largest supplier.

Subsequently, the revenue collected will be used to pay retail majors like Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) to absorb the fuel price hike.

Russia, Syria can start work to rebuild Syrian economy, says Putin
Russian Foreign Minister Sergei Lavrov said Western attacks in the country removed any moral obstacle to arming Syria. The UN has hosted several rounds of peace talks in Geneva that have made no progress toward ending the conflict.

Related news:

Hot News

isis-killer-beheading-video-story-top Israeli Army Kills 3 Gaza Militants After Foiling Border Bombing
May 28, 2018 - 11:52
It accuses Hamas, with whom it has fought three wars since 2008, of seeking to use the protests as cover to carry out violence. The Israeli military aggression killed almost 2,200 Palestinians and injured over 11,100 others.

isis-killer-beheading-video-story-top Four reasons why the team will win Game 7
May 28, 2018 - 07:44
That's how they looked in the second half of Game 1, over the final 45 minutes of Game 3 and over the final 36 minutes of Game 6. Saturday night's game takes place on the Warriors' home court, where they have only lost once in their last 17 playoff games.

isis-killer-beheading-video-story-top John Terry Wants Bizarre Clause Inserted Into His Next Aston Villa Contract
May 26, 2018 - 15:02
Should they win that match and return to the Premier League, Terry will have the option of renewing his deal for 12 months. Worried Andrew is now hoping stadium bosses will accept the remains as genuine.

isis-killer-beheading-video-story-top Serena Williams to be unseeded at French Open
May 26, 2018 - 13:27
So the people will decide what seed she will get. Serena had a tough time giving birth. A No. 453 ranking means no seed.

isis-killer-beheading-video-story-top Nipah outbreak: Kerala government issues advisory against travelling to four Northern districts
May 26, 2018 - 08:32
Human-to-human transmission of the virus has been recorded in previous outbreaks in India that killed as many as 50 people. The symptoms of the disease include fever, headache, drowsiness, respiratory illness, disorientation and mental confusion.

isis-killer-beheading-video-story-top Republicans, no Democrats, invited to see documents on USA election probe
May 26, 2018 - 02:55
Since then, the special counsel has provided more details in an effort to convince Trump's lawyers to agree to an interview. And the White House said Kelly would organize the meeting with House lawmakers to discuss the documents.

isis-killer-beheading-video-story-top Expert 'would not be surprised' if US-North Korea summit rescheduled
May 25, 2018 - 19:36
In his letter to Kim, Trump cited "tremendous anger and open hostility" from North Korea as reasons for pulling out of the summit. Most of the test tunnels lie under Mount Mantap, a granite mountain that is flawless for containing powerful nuclear explosions.

isis-killer-beheading-video-story-top Battlefield V Gets an Official Release Date, First Trailer
May 24, 2018 - 18:14
This is an interesting spot for the game to launch, as that means it'll be coming out right next to Call of Duty: Black Ops 4 . Original: DICE officially revealed Battlefield V today during a livestream event hosted by comedian Trevor Noah.

isis-killer-beheading-video-story-top PayPal agrees to buy iZettle for United States dollars 2.2 bn
May 18, 2018 - 16:33
As far as this acquisition is concerned, iZettle being part of PayPal would help the company to expand its service to Europe.

isis-killer-beheading-video-story-top SC orders floor test in Karnataka tomorrow at 4 pm
May 18, 2018 - 16:19
So, election of Speaker of Karnataka Assembly is to be held and only after that the "willing" Congress or JD (S ) MLAs can resign. The floor test has to be conducted at 4 pm tomorrow under a protem speaker.

isis-killer-beheading-video-story-top Brexit border plan 'must be longer-term' says Tony Lloyd
May 18, 2018 - 16:10
It would keep the United Kingdom in the EU's customs arrangement until such a time as another solution was found. U.K. -EU negotiations are scheduled to resume in Brussels next week, ahead of a summit in June.

isis-killer-beheading-video-story-top Ogu Makes Eagles World Cup Vow
May 18, 2018 - 16:02
Rohr released a 30-man preliminary World Cup squad on Monday, and Siasia has expressed surprise at the exclusion of some players. Players like the Captain, Mikel Obi, Victor Moses , Francis Uzoho and Odion Ighalo.

isis-killer-beheading-video-story-top AT&T Admits 'Mistake' In Hiring Trump Lawyer, Top Company Lobbyist Steps Down
May 18, 2018 - 15:56
The company says it plans to reorganize itself: Its legislative affairs office will now report to its general counsel's office. Avenatti refused to discuss the timing of the payments specifically, but said "they may prove to be problematic" for Trump .

isis-killer-beheading-video-story-top Ronda Rousey Makes Her WWE Live Event Debut
May 17, 2018 - 03:20
MMA fighter Ronda Rousey appears on the red carpet of the WWE Mae Young Classic on September 12, 2017 in Las Vegas, Nevada. She felt comfortable enough to reveal that she was "soon" anticipating conceiving a baby with husband Travis Browne .

isis-killer-beheading-video-story-top WWE Raw: Results, Highlights, Analysis, and Grades for May 14
May 17, 2018 - 03:16
Kevin Owens vs. 2 TBD: The match will consist of eight men with four competing both from Raw and SmackDown. Roman Reigns then ran out to even the odds and help Rollins with the save.