The big fuel pinch: Petrol, diesel prices skyrocket

The big fuel pinch: Petrol, diesel prices skyrocket

The big fuel pinch: Petrol, diesel prices skyrocket

Oil Minister Dharmendra Pradhan said that an analysis of the global trends indicates that the retail fuel prices will likely ease out in the days to come.

"The government can not interfere in the day-to-day affairs of oil marketing companies", Oil Minister Dharmendra Pradhan said today. In an advanced economy, the pricing of retail fuel is best left to a formula-driven transparent method, and not knee-jerk reactions, he added.

Since 2014, the excise duty on petrol and diesel was hiked by Rs 12 and Rs 13.47 per litre, a hike of 226% and 486% respectively over the May 2014 level.

Kate Hudson criticised after saying that having a caesarean is "lazy"
My contractions were two to five minutes apart and I couldn't feel anything. I was like, 'I am not going home, just don't want to do this again.

Earlier in the day, the Congress slammed the Prime Minister Narendra Modi-led government over spike in petrol, diesel prices and urged the Centre to pass on the benefit of 50 per cent reduction in worldwide prices of crude oil to the common person.

The duty hike resulted in government's excise mop-up more than doubling to Rs 242,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.

Mumbai: With the dynamic mechanism of fuel pricing in place, prices have been on a constant rise with petrol prices shooting up by almost Rs 7-8 on Wednesday.

New Key Art And a Motion Poster — Netflix`s THE PUNISHER
For his solo series, it appears as though the conspiracy theory that Frank uncovers will be the catalyst for him leaving NY . While no release date has been confirmed as of yet, the series is expected to hit Netflix later this year.

Pradhan said that the prices of petrol and diesel would stabilise if brought under the Goods and Services Tax regime.

Union Petroleum Minister Dharmendra Pradhan on Wednesday said that the Centre would not intervene to regulate petrol and diesel prices, The Hindu Business Line reported.

He claimed that hurricanes Harvey and Irma, which hit the United States over the past month, were responsible for the rise in fuel prices in India. Alternatively, customers can also check the prices in their cities by sending SMS RSP SPACE DEALER CODE to 92249-92249.

'Horrific' Princess Diana memorial in United Kingdom gets blasted on social media
People on Twitter and Facebook write the cruellest things that they would never dream of saying to the person they're discussing. A council's "hideous" tribute to Princess Diana has been mocked as "an insult" to the late royal.

Related news