Petrol, diesel prices hit new highs, rise for 9th consecutive day

Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

Rising oil prices continues to remain a concern with petrol price in Mumbai crossing Rs 86 per litre and diesel being sold at Rs 75.74 per litre on Tuesday. While petrol costs ₹86.72 a litre, diesel is priced at ₹75.74 a litre.

Petrol prices went up by Rs 2.17 per litre since August 16, while diesel rates climbed by Rs 2.62.

The price build-up of petrol in Delhi includes excise duty of ₹19.48, dealer commission of ₹3.63, and Value-Added Tax of ₹16.83 (including Value-Added Tax on dealer commission). The US sanctions on Iran is not the only reason for India to be anxious about a possible spike in petrol and diesel prices.

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Union Petroleum and Natural Gas Minister Dharmendra Pradhan yesterday blamed "external factors" for the rise in domestic prices of petrol and diesel, but said that the hike was temporary.

"Relentless rise in prices of petrol and diesel is not inevitable".

With expectations of further tightening in oil prices due to a mix of factors such as declining inventories in the United States, and Iran sanctions coming into place, the trend of rising petroleum prices is likely to continue. The price of Brent oil increased to $78 a barrel on Monday. He also said that the factors responsible for drop in production of crude oil have caused a spike in fuel prices in India.

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If he's claimed, there's no chance the Blue Jays will pull him back and keep him and according to Jon Morosi of MLB.com , the St. Still, those are the only two times Donaldson has appeared in games since May, so he remains something of an unknown for 2018.

India imported crude oil worth ₹2,640,30 crore (over $39 billion) between April and July 2018, according to the data by the Petroleum Planning and Analysis Cell.

On Tuesday, the rupee closed to a record low of Rs 71.58 per dollar. This is the steepest increase in fuel prices since the daily revision in fuel prices was introduced in mid-June 2017. "Secondly, global currencies have weakened against the USA dollar".

The Central Excise Duty is levied by the central government. "Public is unhappy with the rising fuel prices. We can not reduce defence expenditure or interest payments if we decide to cut excise of petrol and diesel", the official explained.

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No details about the patients' conditions were released, nor was there confirmation of the total number of injured. Like, I've never actually seen in my life a bus look like a ripped open sardine can", Cunningham said.

The central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre in nine instalments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October previous year by Rs 2 a litre.

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