Surging petrol prices may ease as crude cost declines
Surging petrol prices may ease as crude cost declines
India trying to get resolution soon on rising fuel prices: oil minister
28 May, 2018, 11:20
In Delhi, petrol costs 77.47 rupees ($1.13) a litre and diesel sells at 68.53 rupees a litre. Petrol price in Mumbai on Monday, May 28, was at Rs 86.08, 15 paise more than yesterday rate.
He said there were several reasons contributing to petrol and diesel price rise including the uncertain political conditions in oil exploring countries and the global market. Petrol has gone up from 119.78ppl to 128.29ppl and diesel has increased from 122.54ppl to 131.15ppl. A similar tax was considered in 2008 when oil prices were on the rise but the idea was dropped after stiff opposition from private sector firms like Cairn India.
Under the scheme, oil producers, who get paid worldwide rates for the oil they produce from domestic fields, would have to part with any revenue they earn from prices crossing United States dollars 70 per barrel mark. The Centre's excise tax is much more than the state's tax.
Pradhan also asked the Odisha government to cut its 26 per cent Value Added Tax (VAT) on fuel to bring the rising petrol and diesel prices under control. I am hopeful that petroleum products will also come under GST soon. The Narendra Modi-led government is taking a lot of flak from various quarters because many feel that costlier petrol and diesel are due to elevated tax rates. In 2016-17, the government's revenue from the petroleum sector was Rs 5.24 lakh crore, accounting for 3.5 per cent of GDP. The petrol price rose again in July 2014, reaching Rs 81.43 a litre, before it started sliding in August.
HK needs to catch up in data protection regulations
Some of these alerts were more explicit, explaining that the changes were done to meet new regulations in Europe. However for many companies it was a huge wake-up call because they never did their homework.
Windfall tax, they said, is levied in some of the developed countries globally. Populist projects like distribution of gas cylinder to village women through attractive programme named Pradhan Mantri Ujjwala Yojana has been already started.
Speaking to ANI, Pradhan said, "It is due to various circumstances in worldwide (oil) market and mainly the value of Indian Rupee has reduced in comparison to US Dollar, which has led to a surge in oil prices".
The larger benefit for greater number of people would be ensured only with reasonable level of oil prices and availability of essential goods and services at affordable costs for all concerned.
The DUP is the largest Protestant-backed party in Northern Ireland and it is firmly against any liberalization of abortion laws. Since Amy had her crisis pregnancy, measures have been implemented to help fund women travelling to Britain for NHS abortions .
White House sends an advance team to Singapore to work on logistics for a possible United States-North Korea summit. China's Vice President Wang Qishan found encouragement in the continuing exchanges between the US and North Korea .
She noted the church shooter in tiny Sutherland Springs slipped through an existing law. "There has got to be due process". Five days after a gunman slaughtered 10 people at a Texas high school, teachers are returning to work on Wednesday.
Just because it's "nice and sunny" after the storm passes, Medlin says, there's still a risk for swimmers. Subtropical storms can develop into tropical storms, which in turn can strengthen into hurricanes.
He carried us home as usual", Cavaliers coach Ty Lue said of James after the game. "It's just basketball for me", he added. What's insane is that James' 46 minutes Friday night aren't even the most he's played this postseason.
Operation Flags for Vets: Volunteers sought to place flags on approximately 77,000 gravesites at Massachusetts National Cemetery. There will be a closing ceremony after the parade at The Park, located at the intersection of Bartlet and Chestnut streets.
Danica Patrick's racing career came to an end on Sunday at the Indianapolis 500 , but there was no storybook ending. The last two laps, the last lap, seeing the white flag, the checkered, I mean, you can't explain it, " Power said.
Socotra has a unique ecosystem and is home to rare plants, snails and reptiles that can be found nowhere else on the planet. A new tropical storm has developed in the southwest Arabian Sea where it intensified yesterday evening into Cyclone Mekunu.
That's how they looked in the second half of Game 1, over the final 45 minutes of Game 3 and over the final 36 minutes of Game 6. Coach Steve Kerr said Iguodala continues to have pain when running, so he's still listed as day to day. "It's not about that.
It's the biggest game in the European football calendar and, once again, Real Madrid are fighting for the title. However, Zinedine Zidane's men should not be underestimated as there is arguably no substitute for experience.
The NFL crafted this new policy in part to appease Trump and avoid any critical tweets from the White House. True to form. the president regularly tweeted about the National Football League players who demonstrated.
Students say science teacher tackled middle school shooter
Investigators also said they do not know yet if the shooter had any previous problems at school or run-ins with police. In a written statement provided to IndyStar by Fox59, Seaman confirmed he was injured and thanking first responders.
Ireland abortion referendum: Repeal the Eighth facts
The same hashtag was used in the same-sex marriage referendum in 2016, encouraging ex-pats overseas to return to Ireland to vote. We've seen over the last several weeks that civil society in Ireland has mobilised on this issue - on both sides.
FDA Warns Against Using OTC Benzocaine Teething Products
Benzocaine is used in products to treat not just teething, but also sore throats, canker sores , and other oral irritations. The FDA said it will take legal action against companies that don't voluntarily remove their products for young children.
Harvey Weinstein arrested on rape, criminal sex act charges
Lawrence hits back, calling him a "predator" after Weinstein's lawyers used favourable quotes about him from the Hollywood stars. With a throng of cameras on hand, the once-powerhouse producer found himself at the center of a spectacle he didn't control.
Disney's plan to buy Fox faces challenge from Comcast
To be clear, though, Comcast's proposal would not include Fox's other branches, such as their news and business networks. Disney shares have fallen more than 3 percent since that deal, reducing the value of the offer to just over $50 billion.
China to reduce import tariffs to boost trade
Chinese officials had viewed the US punishment as an attack exposing their country's dependence on imports of key technologies. Import tariffs for auto parts would be cut to 6 percent from mostly around 10 percent, the ministry said in a statement .
NFL Owners Terrified Of Trump
NFL Commissioner Roger Goodell said afterward that the objective is to "have people to be respectful of the national anthem ". Under the new league policy, teams can be fined an unspecified sum if players protest on the field .