|
|
Fuel prices continue to rise, Modi to meet oil company heads
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 15 Oct, 2018
Fuel prices continued to rise across the four major metros on Sunday
even as Prime Minister Narendra Modi prepares to meet oil company chiefs
here on Monday to take stock of the global energy scenario.
In
the national capital, petrol was priced at Rs 82.72 per litre, up from
Rs 82.66 on Saturday, data on the Indian Oil Corporation website showed.
Similarly,
petrol prices in Mumbai, Kolkata and Chennai also rose on Sunday -- to
Rs 88.18 in Mumbai, Rs 84.54 in Kolkata and Rs 85.99 per litre in
Chennai.
The prices vary from region to region due to local
taxes, as the product is excluded from the Goods and Services Tax
regime. Delhi has the lowest tax rate among the four metro cities.
The
increase in transport fuel prices comes amid a continuous surge in
global crude oil prices. UK Brent crude has gone upwards of $85 per
barrel.
Earlier this month, Union Finance Minister Arun Jaitley
announced a cut in excise duty by Rs 1.50 a litre. Additionally, the
state-owned oil marketing companies have been mandated to reduce prices
of petrol and diesel by Re 1 a litre each.
Diesel prices also rose across the four metros on Sunday.
Diesel
was selling in Mumbai at Rs 79.02, up from Rs 78.82 on Saturday. Prices
in Delhi, Kolkata and Chennai were Rs 75.38, Rs 77.23 and Rs 79.71 per
litre, respectively.
Meanwhile, official sources said that Modi
will meet the chief executives of major global and Indian oil and gas
companies as the US sanctions on Iran comes into effect from November 4,
and as crude oil prices continue to be volatile.
He is also expected discuss ways to revive investment in India's upstream sector.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
