Diesel prices set to cross Rs. 70 a litre

The Rs4 per litre petrol hike is based on the assumption that global prices of diesel and petrol and rupee-dollar exchange rate remain stable hereon

The Rs4 per litre petrol hike is based on the assumption that global prices of diesel and petrol and rupee-dollar exchange rate remain stable hereon

The hike is all set to burn a bigger hole in commuters' pockets across the nation, as petrol will now cost Rs 77.79 in Kolkata, Rs 82.94 in Mumbai and Rs 77.93 in Chennai.

The Automobile Association (AA) said last month's fuel price account was closed earlier by the Department of Energy, resulting in the postponement of a substantial 50 cent-per-litre increase brought on by a weakening rand and rising worldwide oil prices at the end of April.

Diesel price in Kolkata: Diesel price here was valued at Rs 69.11 per litre higher by 21 paisa as against previous price of Rs 68.90 per litre.

Oil prices for June delivery was trading lower by a similar margin at Rs 4,846 per barrel with a business volume of 266 lots. With Tuesday's hike, petrol now sells at four-year high level of Rs 74.95 a litre and diesel at an all time high level of Rs 66.36 a litre in Delhi.

This is the second consecutive day when prices have been hiked by the oil companies, signalling resumption of the daily price revision mechanism after a 19-day hiatus that resulted in Rs 400 crore loss for these entities.

Holy Month Of Ramadan Begins Today
That's why, if your co-worker says, "Starting tomorrow , can I start work early so I can leave sooner?" try to accommodate . The barriers to interfaith understanding also are high in Oklahoma, simply because of the state's demographics.

Trading on Spotlight - British American Tobacco plc (BTI)
For example, a stock may near its 52 week low in a price correction after earnings expectations for future quarters were revised. The stock of British American Tobacco p.l.c. (LON:BATS) has "Overweight" rating given on Wednesday, March 28 by Morgan Stanley.

Growth Stock With Analysts Upside: OPKO Health, Inc. (NYSE:OPK)
Its minimum price target estimates has been figured out at $3.5 while the maximum price target forecast is established at $20. ValuEngine upgraded shares of OPKO Health from a "strong sell" rating to a "sell" rating in a report on Wednesday, May 2nd.

Oil marketing companies seem to have woken up from a deep slumber as soon as Karnataka polls are over as they have once again started pushing up fuel prices.

An Economic Times analysis of the price build-up at Bharat Petroleum's (BPCL) Delhi filling station shows the Cost and Freight prices of petrol and diesel have increased by $2.9 per barrel and $2.64 per barrel, respectively, between April 25 and May 10 when the freeze on prices was lifted.

However, oil PSUs have no option but to increase the rates considering the rising price of crude oil globally. Diesel, on the other hand, has already retailing at its highest-ever price in India.

(IOC) raised the price of petrol by 15 paise a litre and diesel by 23 paise a litre on Tuesday.

The price of fuel is expected to skyrocket past R15 per litre. The government has since 2014 increased excise duty on petrol and diesel 10 times taking away the gains arising from falling crude prices. More taxes on petrol and diesel, more burden on the consumer.

Recommended News

  • Congressman Lee Zeldin Attends Opening Of US Embassy In Israel

    Congressman Lee Zeldin Attends Opening Of US Embassy In Israel

    The last speaker was President Morales, who described Israel-Guatemala ties as a "love between brothers". Zeldin said in a press release.
    10 airline employees busted in Dallas-Fort Worth Airport drug trafficking sting

    10 airline employees busted in Dallas-Fort Worth Airport drug trafficking sting

    The defendants were arrested Monday and will make an appearance in federal court later this week, the Justice Department said. Authorities say beginning in 2016 the group used their positions to bypass security and place the meth on flights.
    WWE is already giving Ronda Rousey a title shot

    WWE is already giving Ronda Rousey a title shot

    There have been four Raw shows since WrestleMania and there hasn't been any sign that the WWE was going in that direction. A defeat would mean that she would lose her title in just over a period of two months after winning it.
  • A2 Milk's shares dumped despite upbeat sales forecast

    A2 Milk's shares dumped despite upbeat sales forecast

    Shares in a2 Milk are tanking after the company's third-quarter trading update fell short of analysts's expectations. BHP was the biggest boost to the index, advancing 1.4 per cent as iron ore, oil and copper prices rose.

    Mallinckrodt (MNK) Issueds New 52-Week High and Low at $12.13

    The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Nine analysts have made estimates for Mallinckrodt's earnings, with estimates ranging from $545.60 million to $589.00 million.
    A COMPREHENSIVE GUIDE TO THE Global Telemonitoring System Sales MARKET: 2018

    A COMPREHENSIVE GUIDE TO THE Global Telemonitoring System Sales MARKET: 2018

    It has studied the Building Management System market thoroughly focusing on market size, growth opportunities, and market status. Chapter 12 , IoT in Intelligent Transportation System Research Findings and Conclusion, Appendix, methodology and data source.
  • Fort Washington Investment Advisors INC Continues to Hold Stake in Twenty (FOXA)

    Fort Washington Investment Advisors INC Continues to Hold Stake in Twenty (FOXA)

    Lenox Wealth Mngmt Inc has invested 0.04% of its portfolio in Tesla, Inc. 249 were reported by Earnest Ptnrs Ltd Liability Com. Twenty-First Century Fox, Inc . (NASDAQ: FOXA ) has 16 ratings reports on May 14, 2018 according to StockzIntelligence.
    Ireland summons Israeli ambassador over Gaza deaths

    Ireland summons Israeli ambassador over Gaza deaths

    The Palestinians supported us, the formerly oppressed people of South Africa, during our struggle against oppression. Mr Coveney summoned the Israeli ambassador to Iveagh House yesterday to express "outrage and dismay" at the events.

    N. Korea Expresses Intent to Join Int'l Efforts to Ban Nuke Testing

    North Korea is one of three Annex 2 states that are non-signatories to the CTBT, along with India and Pakistan. President Donald Trump and North Korean leader Kim Jong-un next month.
  • PNB fraud: Nirav Modi's ex-director moves HC for quashing LOC

    PNB fraud: Nirav Modi's ex-director moves HC for quashing LOC

    The remaining provision of Rs 7,178.42 crore will be made during the first three quarters of the ensuing financial year. The total income for the fourth quarter declined to Rs 12,945.68 crore from Rs 14,989.33 crore in the year-ago period.
    Liam Payne Reveals New Album Release Date, Talks Future of One Direction

    Liam Payne Reveals New Album Release Date, Talks Future of One Direction

    Payne, who rose to fame with the X Factor-created boyband in 2010, added: "I miss being with the boys, that was so much fun". Liam also spoke to the future of One Direction: "I'm sure there's time for that to come back around".
    Honor 10 Vs Huawei P20: Two phones with similar instincts

    Honor 10 Vs Huawei P20: Two phones with similar instincts

    Alternatively, users can use the Ultrasonic under-glass fingerprint sensor positioned on the front of the Honor 10. The rear camera setup can take portrait shots with shallow depth of field and also supports up to 2X optical zoom.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.