Rs 72.38 a litre: Petrol prices hit highest level since Modi came to power

Budget 2018
Oil costs on Tuesday hit the most elevated amount since the BJP government came to control in 2014, and diesel touched a record high of Rs 63.20 a liter, inciting the oil service to look for a cut in extract obligation.
Oil value rose to Rs 72.38 for each liter in Delhi, most noteworthy since March 2014, as per every day fuel value rundown of state-possessed oil firms.
Rates have ascended by Rs 3.31 for each liter since mid-December. In Mumbai, costs have crossed Rs 80-check - costliest in the nation.
Diesel is being sold at Rs 67.30 in Mumbai, where the nearby deals expense or VAT rates are higher.
Since mid-December, diesel rates have bounced Rs 4.86 a liter, as indicated by oil organizations.
The spurt in rates, caused by the rally in universal oil costs, has prompted the oil service approaching the fund service for a cut in extract obligation in the Union Budget 2018-19, to be introduced in Parliament one week from now.
The decrease looked for is a piece of the pre-Budget notice presented by the service for the thought of Finance Minister Arun Jaitley, authorities said.
Oil Secretary K D Tripathi had yesterday expressed that the service has sent an arrangement of suggestion it had gotten from the business. He, be that as it may, declined to give subtle elements.

Click Here To know More – Budget 2018

Comments

Post a Comment

Popular posts from this blog

Raj Thackeray calls for 'Modi-mukt Bharat' 

Image
Maharashtra Navnirman Sena (MNS) chief Raj Thackeray on Sunday called for a 'Modi-mukt Bharat. Addressing a rally on the occasion of Gudi Padwa in Mumbai's Shivaji Park, Thackeray said, 'Today, we have to gear up for the third independence. All the political parties must unite to make Modi-mukt Bharat a reality. In an hour-long speech, the MNS chief also warned about attempts by certain elements to spark nation-wide riots in future. Voices of a "united opposition" gained even more momentum after the Bharatiya Janata Party's (BJP) lost two crucial seats in the Uttar Pradesh by-polls. According to the experts, joining forces is the only way to dethrone the Modi-led government in 2019 Lok Sabha elections. Click Here To know More – Raj Thackeray
Read more

Govt mulls allowing airlines with negative net worth to bid for Air India

Image
The government is likely to relax the eligibility criteria for Air India disinvestment by allowing airlines with negative net worth to bid. However, non-airline companies may be told to satisfy minimum net worth conditions to prove their financial strength. The evaluation committee of Air India, after discussions with the Ministry of Civil Aviation, had suggested that all bidders be mandated to fulfil a minimum net worth criterion, a source said. However, when the Core Group of Secretaries on Disinvestment (CGD) met over the last two weeks to finalise the bidding norms, some members pointed out that setting high net worth as an eligibility condition would block the prospects of many airline companies. In fact, the difference in opinion between the two government bodies has led to a delay in the announcement of the expression of interest. The core group has now suggested that a company with a proven track record of running a successful airline be allowed to b...
Read more

Putin wins 75 per cent of vote: partial results 

Image
Vladimir Putin has been re-elected as Russian president with 75 per cent of the vote after half the votes were counted, partial results showed today. Putin's nearest competitor, Communist Party candidate Pavel Grudinin, was on 13.2 per cent, according to data from the central election commission. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Clik Here To know More –Russia
Read more