Hike in fuel prices continue, petrol nears Rs 90 mark in Mumbai

17 September, 2018, 12:50 | Author: Brooke Harris
  • Fuel prices continue to rise petrol costs Rs 89.44 a litre in Mumbai

It was priced at Rs 89.01 in the financial capital of the country, up from Rs 88.67 per litre on Friday, data on the Indian Oil Corp's website showed.

In the wake of record-breaking fuel prices making news every passing day, Karnataka government has issued orders to clamp down the petrol and diesel prices in the state by Rs 2 per litre.

Karnataka Chief Minister HD Kumaraswamy on Monday announced slashing of fuel prices, reduced Rs 2 cess cut on both petrol and diesel.

The recent surge in transportation fuel prices is largely attributed to high crude oil prices and a falling rupee. Depreciation in the rupee against the U.S. dollar makes the import of crude oil dearer as the transaction takes place with dollars.

Dak Prescott Responds To Landon Collins Essentially Calling Him A Trash QB
They are 9-5 when the third-year back has fewer than 100 yards, including only 4-4 when he has fewer than 90 rushing yards. Indeed, Collins was just stating the obvious about Ezekiel Elliott and the Cowboys offense.

With the following announcement, Karnataka becomes the third state to cut the fuel prices.

In Chennai, the price of petrol went up to Rs 85.31, while diesel prices reached Rs 78. In Mumbai, petrol prices have inched closer to Rs 90 per litre. The all-time high price of diesel in the city was Rs 75.82 per litre which was recorded on Tuesday.

Increased fuel prices have triggered the demand for reduction in taxes levied on fuel prices, besides bringing it under the ambit of goods and services tax (GST). The price break-up of petrol in Delhi as on September 10 includes excise duty of Rs. 19.48, dealer commission of Rs. 3.64, and value-added tax of Rs. 7.16 (including VAT on dealer commission). "Though the state is faced with a deficit budget, we have chose to reduce the tax and ease the burden on people", The Indian Express quoted him as saying.

Recommended:

  • Ups And 7 Downs From WWE Hell In A Cell 2018

    Ups And 7 Downs From WWE Hell In A Cell 2018

    That and the SmackDown Women's Championship bout saved this from being a colossal waste of time. The Viper is no stranger to Hell in a Cell , but Hardy has never set foot inside the structure.
    Palestinian fatally stabs American-Israeli man in West Bank

    Palestinian fatally stabs American-Israeli man in West Bank

    Early on Friday, several Palestinians crawled to the fence to throw a pipebomb at troops, who fired back, the military said. They waved Palestinian flags, burned tires and chanted slogans against Israel.
    Liberty Media's 2021 F1 concept vehicle  leaked

    Liberty Media's 2021 F1 concept vehicle leaked

    At the moment, we've got designs which only lose 20 percent, so they're 80 percent of their performance. Lewis Hamilton is a fan of the proposed new look.
  • Week 2 Ups and Downs: Minnesota Vikings vs Green Bay Packers

    Week 2 Ups and Downs: Minnesota Vikings vs Green Bay Packers

    The Vikings have legitimate Super Bowl expectations, and a rookie kicker choked away a road win over their chief division rival. We've all had to wait our turn and we've all failed and learned from it. "He's got the right wiring, and he'll be alright".
    Duke Energy shuts down nuclear plants in path of Florence

    Duke Energy shuts down nuclear plants in path of Florence

    Florence is now a Category 2 storm with maximum sustained winds of 110 miles per hour (177 kph), according to the U.S. Emergency diesel generators at both plants operated as designed, and off-site power was restored within 24 hours.
    Ronaldo Beats Messi To Top Spot In FIFA 19 Rankings

    Ronaldo Beats Messi To Top Spot In FIFA 19 Rankings

    However, Ronaldo edged out the Barcelona man thanks to his superior pace (90), shooting (93) and physicality (79) ratings. The ratings are based off of player performances from the past year of world football.
  • Dozens dead as Typhoon Mangkhut races into China

    Dozens dead as Typhoon Mangkhut races into China

    On Saturday, it plowed into the Philippines , flattening homes in small towns and villages on the northern island of Luzon. Philippines President Rodrigo Duterte traveled to Cagayan province Sunday to assess the damage and recovery efforts.
    Former Arsenal Striker Paul Merson Reveals Prediction for Gunners' Trip to Newcastle

    Former Arsenal Striker Paul Merson Reveals Prediction for Gunners' Trip to Newcastle

    Bergkamp is a living legend at Arsenal and he was an fantastic football player. But we conceded a lot of chances for transition for the counter-attack.
    Gov. McMaster cautions SC residents as Hurricane Florence moves toward state

    Gov. McMaster cautions SC residents as Hurricane Florence moves toward state

    More than 60 people had to be pulled from a collapsing motel and hundreds more were rescued elsewhere from rising water. About 9,700 National Guard troops and civilians have been deployed, with high-water vehicles, helicopters, and boats.
  • Weather: Storm Helene to hit NI on Monday and Tuesday

    Weather: Storm Helene to hit NI on Monday and Tuesday

    Residents are being urged to stay safe as the risky weather could pose a danger to life with flying debris. The Met Office has issued two "yellow" alerts as Storm Helene edges closer to the UK.
    US Says Denuclearization Talks Ongoing with N Korea

    US Says Denuclearization Talks Ongoing with N Korea

    And it said North Korea is violating sanctions by transferring coal at sea and flouting an arms embargo and financial sanctions. The office opening comes just prior to the third summit between Kim and Moon in Pyongyang next week, from September 18 to 20.
    Volkswagen to end iconic modern Beetle in 2019

    Volkswagen to end iconic modern Beetle in 2019

    Earlier this year it was confirmed there was no immediate successor lined up for the current generation of the Volkswagen Beetle . But Volkswagen chief Woebcken left open the possibility that the Beetle may one day rise from the grave.


Popular

Bank holds interest rates at 0.75 after August hike
Bank of England is well-prepared for whatever path the economy takes, including a wide range of potential Brexit outcomes. Britain's central bank stress-tested lenders against a 33 per cent house price fall a year ago .

The Joker Standalone Movie Director Shares Photo of Joaquin Phoenix as 'Arthur'
In a recent interview with Collider , Phoenix promised that the new film defies the convention of a typical comic book movie. Phillips shared the photo on the same day paparazzi photos from the set in New York City surfaced on JustJared .

2.4M people evacuated in southern China due to Typhoon Mangkhut
The Armed Forces of the Philippines have sent troops to the disaster area to help in the rescue and retrieval efforts. Authorities were assessing the damage and trying to fix communication systems, the Philippines News Agency reported.

Clashing with Trump, California governor says to launch climate satellite
Trump announced a year ago that he was withdrawing from the landmark climate accord. He said he was willing to negotiate a new climate change agreement.

Cincinnati Bengals quickly burying memories of 2017 dud
But even though the Bengals (2-0, 1-0 AFC North) are undefeated, their identity is a bit more confusing than their stat line. Green scored three touchdowns in the first 17 minutes in a win against AFC North rival Baltimore Ravens .

Saints rally to come back against Browns, win first game of 2018
Brees finished 28 of 35 for 243 yards and two touchdowns, while Taylor completed 22 of 30 for 246 yards and a touchdown. Add Sunday in the Superdome to the list of excruciating losses in a series of excruciating Cleveland Browns losses.

California Psychologist Goes Public with Sex Assault Allegation Against Kavanaugh
But her story leaked as it was reported Feinstein had the letter and was refusing to share it with her Democratic colleagues. The allegation first came to light late last week in the form of an anonymous letter that has been in the possession of Sen.

Vettel fastest in Singapore GP final practice, Hamilton 3rd
This time, Vettel is 30 points behind Hamilton and racing on a track where seven of the past 10 races have been won from pole. It took until Lap 13 for Hamilton to pick up the pace, opening a three-second gap on the field.

Anita Hill responds to allegation against Kavanaugh
Reporters, Ford said, had begun to make contact with her after the anonymous description emerged. Kavanaugh has denied an allegation of sexual misconduct dating to when he was in high school.

IOS 12 Release Date: 6 Things to Expect & 5 Not To
Apple plans to add FaceTime calling with up to 32 participants later this year, but it won't be in the iOS 12 release on Monday. Moreover, it gets rid of the several nasty bugs that plagued iOS 11 and affected the user experience with each update.