Economy

Fuel on fire: Petrol 1 paisa short of Rs 80 in Delhi

Fuel on fire: Petrol 1 paisa short of Rs 80 in Delhi

In Delhi, the petrol price has risen to a record Rs 79.51 a litre, while diesel price has been increased to Rs 71.55 a litre, which is also at a record high, according to the daily price notification issued by OMCs. Meanwhile, people in Mumbai are purchasing petrol at Rs 87.39 per litre and while diesel is being sold at Rs 76.51 per litre.

The already skyrocketing fuel prices climbed up again on Friday by around 50 paise for both petrol and diesel.

The Congress has chose to call a nationwide bandh on Monday, September 10 over the issue of rising fuel prices.

Painkiller diclofenac linked to increased heart risks in study
In those who took diclofenac for 30 days, the risk rose by a huge 50% - compared to those not taking any drugs. For years, however, doctors have been anxious about diclofenac's potential heart risks.

The fuel prices are likely to go up further as the rupee hit yet another all-time low of ₹72.12 against the USA dollar on Thursday, while price of Brent oil was hovering around $78 a barrel. Motor fuels were way costlier in Mumbai and other cities in states with heavier local tax rates. In Delhi, petrol costs Rs 79.99 and diesel Rs 72.07.

Petrol pump operators said over the past 10 days, the maximum fuel prices rose to was 42 paise a litre. Until June 2017, state-run fuel retailers such as Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum, revised fuel rates on the 1st and 16th of every month, based on average global price in the preceding fortnight and the currency exchange rate.

On Tuesday, former Finance Minister P Chidambaram had stated that the "Relentless rise in prices of petrol and diesel is not inevitable". Diesel cost Rs 75.96 in the country's commercial capital, compared to Rs 75.74 on Wednesday. Additionally, prices in Delhi are the cheapest among all metros mainly due to lower Value-Added Tax rates, and Mumbai has the highest Value-Added Tax on petrol at 39.12%.


  • QC Native Madison Keys To Play In U.S. Open Quarterfinals

    QC Native Madison Keys To Play In U.S. Open Quarterfinals

    The Osaka, Japan, native flew threw the quarterfinal round in less than an hour, beating Ukranie's Lesia Tsurenko 6-1, 6-1. The US Open Women's Singles final has been set as Serena Williams and Naomi Osaka both eye up a little bit of history.
    Major quake hits Fiji but no tsunami warning issued

    Major quake hits Fiji but no tsunami warning issued

    USGS computer models estimate that up to 924,000 people near the epicenter may have felt "weak" or "light" shaking. The natural disaster was initially reported as a magnitude 8.1, but later downgraded.
    Gay sex not a crime, says SC

    Gay sex not a crime, says SC

    Over the past decade, gays have gained a degree of acceptance in parts of deeply conservative India , especially in big cities. Activists have frequently said that the law has been used to harass members of the country's gay and transgender communities.
  • Bitcoin Price in Freefall

    Bitcoin Price in Freefall

    However, Martin stated that this news was off-guard as the firm had not made any announcement regarding the Bitcoin Trading Desk. The moves follow last month's decision by U.S. regulators to reject another round of Bitcoin exchange-traded fund proposals.
    Those plastic bins at airport security are filthier than a toilet

    Those plastic bins at airport security are filthier than a toilet

    Your best bet? Wash your hands as much as possible and keep the trusty hand sanitizer on standby. Rhinovirus, which causes the common cold, is most common in airport surfaces.
    Elon Musk And Joe Rogan Smoke Marijuana During Live Podcast Interview

    Elon Musk And Joe Rogan Smoke Marijuana During Live Podcast Interview

    Coupled with Musk's antics on the podcast, news of two high profile exits from Tesla saw the company's shares plunge close to 9%. In a premarket SEC filing, the company said its chief accounting officer, Dave Morton , was quitting, effective immediately.
  • BMW X5 xDrive45e iPerformance Plug-In Hybrid Planned for U.S.

    BMW X5 xDrive45e iPerformance Plug-In Hybrid Planned for U.S.

    The new BMW X5 xDrive45e iPerformance is fitted as standard with a two-axle air suspension and electronically controlled dampers. Not only that, but top speed in pure electric mode has gone up from 75 miles per hour (120 kph) to 87 miles per hour (140 kph).
    QBs Watson, Brady lock horns again as Texans visit Patriots

    QBs Watson, Brady lock horns again as Texans visit Patriots

    The Houston Texans have a tough task ahead of them this weekend with the New England Patriots on the schedule. Watson had an impressive rookie campaign, even though it was a mere cameo in the 2017 season.
    Mercedes unveils its first fully electric vehicle

    Mercedes unveils its first fully electric vehicle

    While the Mercedes EQC looks like it's aimed at Tesla's Model X SUV the specs say that Mercedes still has some catching up to do. And more particularly, that the future models of its electric range "EQ" can correspond in all points to your expectations.
  • Woman blows off fingers after mistaking dynamite for candle

    Woman blows off fingers after mistaking dynamite for candle

    But it exploded, causing injuries to one of her hands so severe that they may lead to her losing multiple fingers, Fox61 reported. Another explosive was found and removed during a search by the Connecticut State Police and Bridgeport Fire Department.

    Priyanka likes 'Prick' as celeb nickname with Nick Jonas

    Revealing his parent's reaction, Jonas added, he My parents were blown away by the love shared among other people . Priyanka and Nick were recently spotted at a fam-jam with her mother Madhu Chopra at the US Open.
    Burberry to drop real fur from fashion line

    Burberry to drop real fur from fashion line

    One of his first moves was to appoint Tisci, who Gobbetti worked with at Givenchy , as Burberry's chief creative officer. Burberry says that it already recycles or repairs unsold products and off-cuts, and is now looking to expand its efforts.