Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Democracy that banks on the electorate
access_time 28 March 2024 5:34 AM GMT
Lessons to learn from Moscow terror attack
access_time 27 March 2024 6:10 AM GMT
Gaza
access_time 26 March 2024 4:34 AM GMT
The poison is not in words, but inside
access_time 25 March 2024 5:42 AM GMT
A witchhunt, plain and simple
access_time 23 March 2024 9:35 AM GMT
DEEP READ
Schools breeding hatred
access_time 14 Sep 2023 10:37 AM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Ramadan: Its essence and lessons
access_time 13 March 2024 9:24 AM GMT
When ‘Jai Sree Ram’ becomes a death call
access_time 15 Feb 2024 9:54 AM GMT
exit_to_app
Homechevron_rightBusinesschevron_rightNo change in petrol,...

No change in petrol, diesel prices

text_fields
bookmark_border
No change in petrol, diesel prices
cancel

New Delhi: There will be no change in the prices of petrol and diesel despite an indication earlier Thursday that these would be reduced. However, jet fuel (ATF) rates have been cut by a steep 12.5 percent with international oil prices continuing to plunge going below $55 a barrel.

The price cut on transport fuels that consumers were expecting on New Year's Day has not been effected for the moment, an IOC source said.

The source said that owing to some problems with the server, dates and data were being reflected erroneously earlier Thursday on the company's website, which has now been rectified.

The price of aviation turbine fuel (ATF), or jet fuel, at Delhi was cut by Rs.7,520.52 per kilolitre, or 12.5 percent, to Rs.52,422.92 per kl, state-run Indian Oil Corp announced.

State-owned fuel retailers revise jet fuel prices on the 1st of every month based on average imported cost and the rupee-US dollar exchange rate.

Prices have also been cut for the non-subsidised LPG cylinder, that a consumer may buy at market rates after exhausting the quota of 12 cooking gas cylinders, by Rs.43.50 in Delhi.

The new year's price per 14.2 kg cylinder is Rs.708.50 in Delhi, Rs.725.50 in Mumbai, Rs.746 in Kolkata and Rs.705 in Chennai.

Non-subsidized LPG was last cut on 1 December by a steep Rs.113 per cylinder. In six monthly reductions, non-domestic LPG rates have been reduced by Rs.214 per cylinder, bringing the price to a three-year low.

Earlier, to make up for fall in taxes due to the sustained decline in international crude oil prices, the government hiked excise duty by Rs.1.50 a litre on both the fuels first on Nov 12. Later, on Dec 2, the duty on petrol was hiked by Rs.2.25 per litre and on diesel by Re.1 a litre.

Though consumers have been spared the impact of the excise hike, the government has faced criticism that it was preventing the benefit of falling oil prices from passing to consumers.

Show Full Article
Next Story