etvfutures.com
etvfutures.com May 27, 2018


Petrol, diesel, Kerosene dearer by Rs 2 per litre

17 May 2018, 01:04 | Lena Norman

PC Reuters

Petrol prices hiked for third day straight touches Rs 75.10 in Delhi diesel prices at all time high

Similarly, in Delhi the petrol price touched Rs 74.80 a litre, while diesel prices stood at Rs 66.14. Meanwhile, global crude price settled a shade firmer after retreating from multi-year highs hit early in the day on Tuesday, supported by concerns that USA sanctions on Iran are likely to restrict crude exports from one of the biggest producers in the Middle East.

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

Diesel prices are now Rs 66.57 in New Delhi, Rs 69.11 in Kolkata, Rs 70.88 in Mumbai and Rs 70.25 in Chennai today.

Prices of transport fuels, rose for the third consecutive day after the International Olympic Committee resumed the dynamic pricing system on Monday after a 19-day halt. The revisions were altogether stopped on April 25 due to polls in key southern state.

This rise in prices of transport fuels comes amid continuous gains in crude oil prices globally.

Lucasfilm Shoots Down Report About Donald Glover's Lando Calrissian Spinoff Film
But maybe that's good news for Obi-Wan? According to sources and head honcho Kathleen Kennedy herself, the next step may be a Lando Calrissian spinoff tale.


The daily pricing of fuel was enforced by the government in June past year to align with the worldwide oil prices and currency volatility.

The NOC, however, has not increased the price of Liquefied Petroleum Gas (LPG).

As per the industry insiders, India has the history of "regulating" oil prices in the run up to election dates. Hence, the losses to the OMCs are likely to get repeated in the coming months, affecting their profitability, say analysts.

Moreover, Brent crude oil settled at $78.43 a barrel, up 20 cents, or 0.3 percent, after reaching an intraday peak of $79.47 a barrel, up $1.24 and its highest since November 2014. Moreover, the rupee is also down more than 6% against the U.S. dollar so far this year.

The new prices took effect at 6 a.m. on Monday.



Other News

Trending Now

Was Rapper TI Wrongfully Arrested Outside His Atlanta Home?
The rapper contacted his wife Tameka "Tiny" Cottle , who confirmed that her husband should be allowed inside the community. T.I. was taken into custody on misdemeanor charges of simple assault , disorderly conduct, and public drunkenness.

The Pope about the events in Gaza: "Violence never leads to peace"
It reminds people "that we are not the light, but the light is Christ", who has conquered the darkness of evil. "We are called to receive [the candle's] splendor!" he said.

EPA chief to face fresh questions about spending in senate hearing
The controversies have triggered 12 investigations by the EPA's inspector general, congressional committees and the White House . Udall, a lawyer who like Pruitt previously served as the attorney general of his home state, led the charge for the Democrats.

Bama, Longhorns agree to play in 2022-23
With the Crimson Tide on the schedule, Texas also announced it has canceled a home game with UCF that had been slated for 2023. It's not only a juicy matchup on paper between two of college football's premier programs, but it's a win for fans as well.

Lachlan Murdoch, not James, will lead new Fox company
However, Comcast has let it be known that it is strongly considering mounting a rival bid for the 21st Century Fox assets. As expected, the new-model Fox Broadcasting Co. will emphasize live sports and events.

Macy's easily beats forecasts, lifts full-year expectations
Net cash used by investing activities in the first quarter of 2018 was $156 million, contrast with $60 million a year ago. First-quarter earnings are in for Macy's Inc (NYSE:M), and the retailer has unwrapped a pleasant surprise for investors.

Trump Paid More Than $100000 To Cohen, Financial Disclosure Confirms
Trump's latest disclosure filing said Cohen incurred the expense in 2016 and that Cohen "sought reimbursement" in 2017. It will also be scrutinized for any sign of the hush money payment made to Daniels.

Police Officer Shoots Suspect Who Opened Fire At Dixon High School
In regard to the students and teachers, Simonton said they were prepared and that they did exactly what we asked them to do. Sauk Valley Media reports the former student involved in a shooting Wednesday morning is Matt Milby.

Danny Rose vows to fight for first-team football at Tottenham Hotspur
Pre-season; come back and hopefully me and Ben start from scratch and we start again and work hard to nail that number one spot".

Michigan State, victims of Larry Nassar reach $500 million settlement
Strampel has pleaded not guilty to the charges. "That being said, my investigation is still open and ongoing", Mr Forsyth said. In 2014, the university determined that his "pelvic floor" treatments were medically legitimate , despite complaints.