Photo: India TV
Oil Companies Hike Petrol & Diesel Prices; Mumbai Tops The Chart
The State-run oil refiners have again increased the petrol and diesel prices in India on October 6. In Delhi, the petrol price was hiked by 30 paise to Rs 102.64 per litre while diesel increased to Rs 91.42 per litre from Rs 91.07. Among the metro cities, Mumbai is on the top where one litre petrol costs Rs 108.96 and diesel is priced at Rs 99.17 per litre.
Tags: Petrol, Diesel, Price Hike, Fuel, Mumbai
Courtesy: NDTV
Photo: Science News For Students
Centre Refuses Excise Duty Cut On Fuel Products
The central government refuses to cut the excise duty cut on fuel products for fiscal concerns and a ₹10 cut may lead to a fiscal deficit of 0.58%, while it reduces inflation by just 0.2%. However, on July 20, the Centre explained that the petrol and diesel excise duty are being used for developmental infrastructure. Reportedly, additional expenditure for FY22 is expected during revised estimates.
Tags: Excise Duty, Fuel, Inflation, Centre
Courtesy: Money Control
Photo: India TV
Petrol Crosses Rs 100 Mark In Maharashtra; Diesel Up By 33 Paise
Following Rajasthan and MP, petrol on May 10 reached Rs 100.20/litre in Maharashtra's Parbhani as the prices increased for the fifth time within a week since May. Crossing the century mark second time in 2021, the overall petrol and diesel price has increased by Rs 1.14 and Rs 1.33/litre since May 4. On May 10, the increase was recorded as 26-paise for petrol and 33-paise for diesel.
Tags: fuel prices hike, Petrol, Diesel, Fuel, Maharashtra
Courtesy: The Indian Express
Photo: Forbes India
Reliance Shares Tumble Over 8.64%; Mukesh Ambani's Net Worth Sheds $5 Bn
Reliance's shares on November 2 fell almost 8.64%, causing Mukesh Ambani to lose over $5 billion from his net worth. Besides, the company's quarterly profit stood at $1.3 billion, registering a 15% decline. The fall can be attributed to the drop in demand in the oil-sector. Currently, the Asia's richest man is planning to reduce the company's dependency on its oil-and-petrochemicals wing and expand technology and digital services division.… read-more
Tags: Mukesh Ambani, Fuel, Reliance, Shares
Courtesy: Economic Times
