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Thursday
April 2018
1:44 AM IST
News Headlines
Supreme Court judges urge CJI to hold full court on issues plaguing judiciary        Macron urges US to help reinvent multilateralism        Scandal-plagued Madrid leader steps down        MS Dhoni, Ambati Rayudu bury RCB as CSK chase down 206 to win        Gautam Gambhir steps down as Delhi Daredevils captain, Shreyas Iyer to lead        Prices of energy commodities set to rise by 20 pc this year: World Bank        Parmanu– The Story of Pokhran to Release on 25th May, 2018        Asaram case: Rape victim's father happy to get justice        States like UP, Bihar keeping India backward: NITI Aayog CEO Amitabh Kant        Engine of Chennai-bound train derails, no casualties        Asaram found guilty of rape, two co-accused convicted        Watch Video: Thrissur Pooram 2018 off to an amazing start        Mysterious deaths in Pinarayi: Soumya confesses to murder of her children, parents        What led to currency deficiency in India? Facts you must know / Video        Trump admin toughens H1-B visa procedure        Thrissur Pooram 2018: Muthukuda preparations in full swing / Video        Aseemanand's confession to police not voluntary: NIA court        Security personnel injured in encounter        Terrorism an enemy of basic human rights: Swaraj at SCO Foreign Ministers' meet        Sania to become mother in October        
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National News
Petrol price cut by Rs 1.12 per litre, diesel by Rs 1.24
 
(NEW DELHI, June 15,2017):Reflecting global crude oil prices, petrol price was cut by Rs 1.12 per litre and diesel by Rs 1.24 per litre with effect from tomorrow.

Oil companies made the announcement in the evening today and the change in price will be effective from June 16.

From tomorrow, India will switch to a market dynamic system under which petrol and diesel prices will be revised on a daily basis.

Rates will change at 6 am everyday depending on movement in cost on the previous day.

Currently, prices are revised on 1st and 16th of every month based on the fortnightly average of international oil price and the foreign exchange rate.

The last of such revision was announced today when petrol price was reduced by Rs 1.12 per litre, excluding state levies (VAT), and diesel by Rs 1.24 a litre, said Indian Oil Corp, the nation's largest fuel retailer.

Actual reduction would be higher after taking into account local sales tax or VAT.

Petrol will cost Rs 65.48 a litre in Delhi from tomorrow as against Rs 66.91 per litre currently. A litre of diesel will cost Rs 54.49 as compared to Rs 55.94 at present.

IOC said daily revision of retail selling price of petrol and diesel on pilot basis was implemented in Chandigarh, Jamshedpur, Puducherry District, Udaipur and Visakhapatnam from May 1.

"On the same lines, IOC intends to start revising retail selling prices of petrol and diesel across the country on a daily basis with effect from June 16. The prices declared on a daily basis shall be applicable from 6 AM to 6 AM the next day," IOC said in a statement.

The reduction in rate announced today comes on the back of Rs 1.23 a litre hike in petrol rates on June 1 and Rs 0.89 a litre in diesel price.

"The current level of international product prices of petrol and diesel and Indian Rupee-US Dollar exchange rate warrant decrease in selling price of petrol and diesel, the impact of which is being passed on to the consumers with this price revision," the statement said.


Prices of energy commodities set to rise by 20 pc this year: World Bank
Asaram case: Rape victim's father happy to get justice
States like UP, Bihar keeping India backward: NITI Aayog CEO Amitabh Kant
Engine of Chennai-bound train derails, no casualties
Aseemanand's confession to police not voluntary: NIA court
Security personnel injured in encounter
Terrorism an enemy of basic human rights: Swaraj at SCO Foreign Ministers' meet
PM Modi can’t win trust of Dalits, Rahul Gandhi says
Swamy hails VP's decision rejecting impeachment notice
Woman arrested for killing newborn daughter
24 injured in bus accident in UP
BJP may rope in Swami Aseemanand to work in West Bengal
SC website down amidst fears of hacking
L-G approves proposal to compensate consumers for unscheduled power cuts in Delhi
Manmohan Singh on Kathua, Unnao rape cases: ‘PM Narendra Modi should follow own advice to me, speak more often’
Kathua rape ‘barbaric’, says President Kovind
BJP ministers in J&K government asked to resign, to be replaced with new faces
Pakistan violates ceasefire in J-K's Rajouri
Punjabi singer shot at in Mohali
Woman raped by 3 men in UP
ENTERTAINMENT NEWS
Parmanu– The Story of Pokhran to Release on 25th May, 2018
 (Apr 25, 2018): Parmanu- The Story of Pokhran, an edge-of-the-seat thriller that will make ev  
I'm my own worst critic: Benedict Cumberbatch
Women being vocal is still new to the world: Priyanka Chopra
Shooting of 'Student of the Year 2' begins in Dehradun
INTERNATIONAL NEWS
Macron urges US to help reinvent multilateralism
 (Washington, Apr 25, 2018):French President Emmanuel Macron received a warm, three-minute sta
Scandal-plagued Madrid leader steps down
Trump admin toughens H1-B visa procedure
Armenian Prime Minister resigns amid protests
KERALA NEWS
Watch Video: Thrissur Pooram 2018 off to an amazing start
 (Thrissur, Apr 25, 2018, DG): Hordes of devotees thronged the famous Vadakkunathan temple in
Mysterious deaths in Pinarayi: Soumya confesses to murder of her children, parents
Thrissur Pooram 2018: Muthukuda preparations in full swing / Video
Varappuzha custody death: Chennithala launches hunger strike for CBI probe
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