The record rise in prices has led to demands for a cut in excise duty to allow customers to buy fuel at lesser prices.(Satyabrata Tripathy/Hindustan Times)
The record rise in prices has led to demands for a cut in excise duty to allow customers to buy fuel at lesser prices.(Satyabrata Tripathy/Hindustan Times)

Fuel prices surge once more. Check what people will have to pay in major cities

Petrol prices in Delhi rose to 85.70 and diesel prices were up by 15 paise to rise to 75.88 per litre.
By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 23, 2021 11:11 AM IST

Prices of petrol and diesel were raised across the country on Saturday for the fourth time this week as state-run oil marketing companies (OMCs) continued the upward price revision. Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) had resumed daily price revisions on January 6 after nearly a month-long hiatus. This came on the back of international oil prices firming up on hopes of demand returning from the rollout of coronavirus vaccines in different countries, including India.

Petrol prices in Delhi rose to 85.70 and diesel prices were up by 15 paise to rise to 75.88 per litre. Mumbai also saw fuel prices soar as petrol prices rose to 92.28 per litre and diesel prices rose to 82.66 per litre. Consumers in Madhya Pradesh's Bhopal will have to pay 93.59 for per litre of petrol and 83.85 for diesel now.

The record rise in prices has led to demands for a cut in excise duty to allow customers to buy fuel at lesser prices. Union minister for petroleum and natural gas Dharmendra Pradhan blamed the price rise on Saudi Arabia’s oil output cut. “A few months back, we all were discussing consumption-centric revival, demand-driven revival, and we were supposed to restrict our production cut, and ramp-up (of production) gradually by January. But contradiction to that, we all are controlling oil production (now),” Pradhan was quoted as saying by news agency PTI during an energy conference.

He was referring to a deal between Organisation of the Petroleum Exporting Countries (OPEC) and its allies, including Russia. Pradhan also said that oil-producing countries need to take note of the aspirations of consumer countries. “If the producing countries will not recognise our aspiration then new business models are bound to come up. This kind of scenario will push us to more alternate methods of energy sourcing. Every country has its own strategy. Being a major consumer of the globe today, we would be looking towards more alternate energy sources,” he said.

Congress president Sonia Gandhi had attacked the government over rising fuel prices earlier in January. She said in a statement, “I demand from the government that the rates of excise duty on petrol and diesel be made similar to that during the UPA regime and provide immediate relief to the affected people.”

Here is what petrol and diesel will cost in the four major cities of the country:

  • New Delhi: Petrol - 85.70; Diesel - 75.88
  • Kolkata: Petrol - 87.11; Diesel - Rs. 79.48
  • Chennai: Petrol - 88.29; Diesel - 81.14
  • Mumbai: Petrol - 92.28; Diesel - 82.66
SHARE THIS ARTICLE ON
Close
The Twitter App loads on an iPhone in this illustration photograph(Reuters)
The Twitter App loads on an iPhone in this illustration photograph(Reuters)

Twitter expects annual revenue to double in 2023

Reuters
PUBLISHED ON FEB 25, 2021 08:46 PM IST
The social network expects to reach at least 315 million monetizable daily active users (mDAU) by the fourth quarter of 2023.
Close
World Bank President David Malpass said “a prominent risk for some of the countries at the bottom, and that has to do with the difficulty of getting new investment,”(Reuters)
World Bank President David Malpass said “a prominent risk for some of the countries at the bottom, and that has to do with the difficulty of getting new investment,”(Reuters)

Debt crisis threatens developing nations, says World Bank head

Bloomberg
PUBLISHED ON FEB 25, 2021 08:19 PM IST
World Bank President David Malpass spoke before the start of a meeting of finance ministers and central bankers from the Group of 20 biggest economies on Friday.
Close
Sebi has sought data from exchanges to ascertain any irregular patterns, according to a person with direct knowledge of the matter.(PTI File Photo)
Sebi has sought data from exchanges to ascertain any irregular patterns, according to a person with direct knowledge of the matter.(PTI File Photo)

Sebi to issue guidelines related to environmental, social, corporate governance

PTI, New Delhi
PUBLISHED ON FEB 25, 2021 06:49 PM IST
Tyagi noted that certain unique trends have emerged in the wake of the pandemic.
Close
Market experts say NSE was more to blame and brokers have their hands tied in such situations. (ANI Photo)
Market experts say NSE was more to blame and brokers have their hands tied in such situations. (ANI Photo)

India's top brokerage Zerodha faces investor fury after stock exchange glitch

Reuters, Mumbai
PUBLISHED ON FEB 25, 2021 06:15 PM IST
Hundreds of traders who bought stocks via Zerodha voiced concern on Twitter, with many posting pictures showing portfolio losses due to trades squared off by the broker.
Close
The <span class='webrupee'>₹</span>4,633 crore IPO of Indian Railway Finance Corporation (IRFC) was subscribed 3.49 times on the final day of bidding on Wednesday.(Mint Archive)
The 4,633 crore IPO of Indian Railway Finance Corporation (IRFC) was subscribed 3.49 times on the final day of bidding on Wednesday.(Mint Archive)

IPOs this fiscal largely from companies resilient to pandemic: Sebi chairman

PTI
PUBLISHED ON FEB 25, 2021 06:13 PM IST
"Every IPO saw a good amount of subscription with every issue being oversubscribed by atleast more than 2 times. Six of the total 18 IPOs, that is 1/3rd of the total number of IPOs were oversubscribed more than 100 times. Of these 6 IPOs, 5 were oversubscribed around or over 150 times," Tyagi said.
Close
Telecom instability affected NSE’s online risk management system (PTI File Photo)
Telecom instability affected NSE’s online risk management system (PTI File Photo)

Day after NSE disruption, India stocks advance on expiry day

Bloomberg
PUBLISHED ON FEB 25, 2021 05:57 PM IST
The NSE Nifty 50 Index climbed 0.8% to 15,097.35 in Mumbai, a day after the bourses
Close
After introducing special subscriptions for mobile, Netflix aims at South Korea to increase its subscribers.(Bloomberg)
After introducing special subscriptions for mobile, Netflix aims at South Korea to increase its subscribers.(Bloomberg)

Netflix plans $500 million spending in Korea to crack Asia

Bloomberg
PUBLISHED ON FEB 25, 2021 05:49 PM IST
The Los Gatos, California-based company has identified South Korea as one of the keys to its success in Asia, a vast region home to more than half of the world’s population.
Close
Reddit discussion threads were buzzing again about GameStop on Thursday, with members exhorting others to pile into the stock as the rally gathers steam.(REUTERS)
Reddit discussion threads were buzzing again about GameStop on Thursday, with members exhorting others to pile into the stock as the rally gathers steam.(REUTERS)

GameStop rally builds after puzzling ice-cream cone tweet

Posted by Kunal Gaurav | Reuters
PUBLISHED ON FEB 25, 2021 05:35 PM IST
The latest moves build on Wednesday's rally in GameStop and other so-called "stonks" favoured by retail traders on social media sites such as Reddit's WallStreetBets.
Close
Boosting revenue has been Chief Executive Bill Winters' main headache in recent years, as slowing growth in many of the bank's key markets, a commodities downturn and low central bank rates all conspired to crush income.(Bloomberg)
Boosting revenue has been Chief Executive Bill Winters' main headache in recent years, as slowing growth in many of the bank's key markets, a commodities downturn and low central bank rates all conspired to crush income.(Bloomberg)

Standard Chartered restores dividend, reaffirms goals as Covid-19 halves profit

Reuters, Hong Kong
PUBLISHED ON FEB 25, 2021 03:57 PM IST
The Asia, Africa and Middle East-focused bank however warned that income in 2021 is likely to be close to last year, showing the challenge it faces to meet its modest profit goals in a world of rock-bottom interest rates.
Close
Sensex opened 100 points higher at 49,860 while Nifty traded above 14,700.(ANI)
Sensex opened 100 points higher at 49,860 while Nifty traded above 14,700.(ANI)

Sensex jumps 257 points at 51,039.31; Nifty gains 115.35 points

PTI, New Delhi, Mumbai
UPDATED ON FEB 25, 2021 04:06 PM IST
  • The 30-share BSE index ended 257.62 points or 0.51 per cent higher at 51,039.31.
Close
Hitting maximum deliveries is crucial for Tesla in order for CEO Elon Musk to meet his ambitious goal of selling 20 million cars a year by 2030.(REUTERS)
Hitting maximum deliveries is crucial for Tesla in order for CEO Elon Musk to meet his ambitious goal of selling 20 million cars a year by 2030.(REUTERS)

Tesla temporarily halts production at Model 3 line in California

Bloomberg
PUBLISHED ON FEB 25, 2021 03:36 PM IST
  • Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7
Close
Chinese Foreign Ministry spokesman Zhao Lijian speaks during a daily briefing at the Ministry of Foreign Affairs office in Beijing.(AP)
Chinese Foreign Ministry spokesman Zhao Lijian speaks during a daily briefing at the Ministry of Foreign Affairs office in Beijing.(AP)

China says Biden's bid to shift US supply chains is 'not realistic'

Bloomberg
UPDATED ON FEB 25, 2021 03:23 PM IST
  • China dismissed efforts to shift US supply chains toward alternative sources as unrealistic, hitting back hours after President Joe Biden signed an order to review how America buys strategic goods.
Close
Finance Minister Nirmala Sitharaman also spoke about the successful dissemination of Covid vaccines to around 100 countries and highlighted the role played by the private sector in helping project India's image as a 'global friend'.
Finance Minister Nirmala Sitharaman also spoke about the successful dissemination of Covid vaccines to around 100 countries and highlighted the role played by the private sector in helping project India's image as a 'global friend'.

'Private sector has to be involved in India's growth story': FM Sitharaman

Posted by Prashasti Singh | ANI, Bengaluru
UPDATED ON FEB 25, 2021 03:10 PM IST
Finance Minister Nirmala Sitharaman also emphasized the need for involvement and participation from the private sectors in order to meet these demands.
Close
Workers sit on cotton bales being transported. The bales were packed into 42 wagons and sent to the neighbouring country via Kolkata.(REUTERS)
Workers sit on cotton bales being transported. The bales were packed into 42 wagons and sent to the neighbouring country via Kolkata.(REUTERS)

Kalahandi exports high quality cotton to Bangladesh

PTI, Bhawanipatna
PUBLISHED ON FEB 25, 2021 01:48 PM IST
This is for the first time on Wednesday when the Cotton Corporation of India (CCI) exported cotton to Bangladesh through a goods train from Junagarh Road railway station in the district.
Close
The very large rebound incorporates the view that recovery in activity will continue, with the rollout of vaccines and growing confidence in the market.(Bloomberg)
The very large rebound incorporates the view that recovery in activity will continue, with the rollout of vaccines and growing confidence in the market.(Bloomberg)

Moody's projects 13.7 pc growth in FY'22, expects 7 pc contraction this fiscal

PTI, New Delhi
PUBLISHED ON FEB 25, 2021 01:35 PM IST
For current fiscal, the US-based rating agency expects the economy to contract 7 per cent, lower than its previous estimate.
Close
SHARE
Story Saved
OPEN APP