Wednesday, 14 November, 2018

Motorists brace for another fuel price increase

Durban motorists unhappy with fuel price increase Gallo images
Jean Garcia | 16 October, 2018, 14:26

Monday said all 400-odd petrol pumps in the national capital will remain closed on October 22 in protest against the Delhi government's refusal to cut Value-Added Tax on petrol and diesel.

The government had, with effect from October 5, cut excise duty on petrol and diesel by ₹1.50 a litre and asked the state-owned oil firms to subsidise the fuel by another ₹1 a litre.

The latest increase comes after the Department of Energy's (DoE) proposal to set a maximum price for the sale of 93 octane ULP and LRP fuels. While the diesel prices were marked at Rs 75.69 per litre in Delhi and Rs 79.35 per litre in Mumbai.

Even so, this would not affect diesel prices (which are now deregulated) and the projected 70 cent increase would certainly have an effect on general inflation given that practically everything has to be transported by a diesel-powered truck. This is the fastest increase in rates since oil firms implemented daily price revision in mid-June a year ago.

Government figures show the average cost of a litre of petrol rose by 0.7p in the past week to £1.31 at United Kingdom forecourts despite wholesale costs falling.

Russian Orthodox Church cuts all links with Constantinople
Earlier in the day, the Russian Holy Synod chose to completely break the Eucharistic communion with the Patriarchate of Constantinople.

Petrol costs ₹82.72 and has witnessed an increase of ₹1.22 since the October 4 decision.

"The wholesale price of unleaded has fallen dramatically since early October meaning the price of petrol should be coming down rather than still going up". This was matched by several states which reduced local sales tax or VAT.

Diesel in Mumbai costs ₹79.11, down from ₹80.10 on October 4. Chhattisgarh, Jharkhand, Tripura, Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Haryana Assam, Uttarakhand, Goa, Arunachal Pradesh and Bihar followed suit. Jammu and Kashmir, which is under Governor's rule, too reduced tax on the two fuel.

Petrol has gone up by 10% in the past seven months, while diesel has risen by 11% over the same period.

Prior to October 4 cut, petrol price had risen by Rs 6.86 a litre and diesel by Rs 6.73 since mid-August.

Recommended

Watch These Cute Kids Headbang To Foo Fighters In The Car Watch These Cute Kids Headbang To Foo Fighters In The Car Just last week, fans of the Foo Fighters were treated to a Nirvana reunion of sorts at the band's Cal Jam 18 Fest. And Collier answers, "I know a lot of Metallica songs".

Data of 29 mn users hacked says Facebook Data of 29 mn users hacked says Facebook The social media company announced the breach September 28 and said at the time 50 million users could have been exposed. Using an automated access tokens theft technique, they began to do so with the accounts of the friends of these people.

Michael Schumacher's son wins first Formula Three title Michael Schumacher's son wins first Formula Three title He told the news agency: "He has shown that he has what it takes and that he can become one of the greats in our sport". In an interview with the BBC earlier this year Mick Schumacher had said his father was a huge influence on him.

Harvard discriminates against Asian-Americans, lawyer says at trial Harvard discriminates against Asian-Americans, lawyer says at trial Harvard says it considers applicants using a "whole person review" and cultivates a "diverse campus environment". As part of the lawsuit, plaintiffs were given access to Harvard's admissions data.

Mom suffers horrific injuries while shielding her baby during freak hailstorm Mom suffers horrific injuries while shielding her baby during freak hailstorm After the storm cell passed, Simpson drove the damaged vehicle to a nearby home, where residents quickly called for paramedics. Photos later uploaded on Facebook by Simpson on Thursday show large welts all over her back, shoulders, arms and face.

Bavaria votes in tough test for Merkel’s conservative allies Bavaria votes in tough test for Merkel’s conservative allies There are though serious policy differences on migration, the economy, civil liberties and law-and-order between the parties. Of the 63-point plan, number 27 was considered to be the most contentious. "You don't know what you're missing", she said.

Scott Morrison open to moving Australia's embassy in Israel to Jerusalem Scott Morrison open to moving Australia's embassy in Israel to Jerusalem Israeli Prime Minister Benjamin Netanyahu said he had recently spoken to Morrison and welcomed the Australian policy shift. Labor is concerned the approach could undermine the prospect of a two-state solution between Israel and Palestine.

Trump blames 'rogue killers' over Khashoggi Trump blames 'rogue killers' over Khashoggi CNBC reports that Khashoggi was last seen on October 2 as he entered the Saudi Arabian consulate in Istanbul , Turkey. Prince Mohammed, King Salman's son, has aggressively pitched the kingdom as a destination for foreign investment.

Red Sox tie up championship series with win over Astros Red Sox tie up championship series with win over Astros An RBI double that inning by right fielder Mookie Betts brought home the final Boston run and gave Kimbrel an extra cushion. Indeed, the last time the Astros failed to go deep in a playoff game was Game 5 of last year's ALCS against the Yankees .

PM Modi seeks payment mechanism to soften blow of oil imports PM Modi seeks payment mechanism to soften blow of oil imports He also requested for a review of payment terms so as to provide temporary relief to the local currency. Since India imports 83% of its oil, rupee depreciation adds to the government's worries.

Adobe Photoshop is coming to Apple's iPad in mobile-app push Adobe Photoshop is coming to Apple's iPad in mobile-app push Edits made on the iPad will be synchronized transparently with the desktop-no conversions or import/export process to go through. Photoshop CC for iPad supports the same PSD files as its desktop companion, together with layers, masks and other editing tools.

Milwaukee Takes Game 1 Of NLCS, 6-5 Milwaukee Takes Game 1 Of NLCS, 6-5 Woodruff pumped his right arm as the ball went out Friday night and Kershaw glanced back with an incredulous look on his face. Ryu was pulled, and Ryan Braun doubled the deficit with an RBI groundout off reliever Ryan Madson.

ESPN Has Major Update On Steelers RB Le’Veon Bell ESPN Has Major Update On Steelers RB Le’Veon Bell We should all be so lucky - to float around America with nobody tugging on us to be here or there at every second of the day. But according to ESPN NFL Insider Adam Schefter, the team still hasn't heard a thing from the disgruntled running back.

Kanye West & Kim Kardashian Bring Uganda’s President ‘The Gift Of White Sneakers’ Kanye West & Kim Kardashian Bring Uganda’s President ‘The Gift Of White Sneakers’ The cold open wasn't the only opportunity SNL seized to poke fun at Kanye's allegiance to Trump , either. T.I. also took a swing at Trump in an explicit promo video for his upcoming album, Dime Trap .

Prince Harry and Meghan given some very Australian baby gifts Prince Harry and Meghan given some very Australian baby gifts The Duke and Duchess of Sussex have kicked off their 16-day-tour of Australia and received a toy kangaroo for their unborn child. But when a palace spokesman was asked if Meghan's father Thomas Markle had been told , the reply was "no comment", Mills said.