Economy

Petrol, diesel prices continue to dip on softer crude

Petrol, diesel prices continue to dip on softer crude

The diesel price fell by 0.14 paisa to settle at Rs 73.64 per litre and Rs 77.18 per litre in respective cities.

"However, the company is still incurring losses on sale of petrol and diesel".

In Delhi, the prices of petrol and diesel were Rs 78.99 a litre and Rs 73.53 a litre respectively, according to data available on Indian Oil Corporation website. Compared to Thursday, petrol and diesel prices witnessed a decrease of 19 and 14 paise respectively in Delhi on Friday. "Petrol and diesel prices in #Mumbai are Rs 84.49 per litre (decrease by Rs 0.19) and Rs 77.06 per litre (decrease by Rs 0.12), respectively", the news agency ANI reported.

More news: Eddie Jones 'can't wait' to face All Blacks following English win

Fuel prices have been declining since early October as oil companies factored in softening of worldwide rates.

"We strongly urge all retailers to lower their petrol prices in line with the reduced wholesale cost of unleaded", he announced. It is an global commodity. In this episode, there is a huge increase in the prices of petrol and diesel.

Last month, the Central government had slashed the Excise duty on petrol and diesel by Rs 1.50 a litre and asked the oil firms to subsidise fuel by Re one per litre. In Mumbai, petrol had hit a peak of Rs 91.34 hit on October 4 and diesel was sold at a record high of Rs 80.10.


  • Daylight saving time ends, keep in mind to  change smoke alarm batteries

    Daylight saving time ends, keep in mind to change smoke alarm batteries

    The employee must be paid for all those hours, which must count toward the total hours worked for the week. Daylight Saving Time will return on Sunday, March 10, 2019, when we'll switch our clocks ahead an hour.
    JOBS BOOM: US Companies Add a Robust 227000 Jobs in October

    JOBS BOOM: US Companies Add a Robust 227000 Jobs in October

    Michael had "no discernible effect" on national employment and unemployment estimates for October, the Labor Department said. Manufacturing jobs had been expected to grow by just 13,000 in October, which typically is a weak month in that category.
    European Union  expresses deep regret over US-Iran sanctions

    European Union expresses deep regret over US-Iran sanctions

    They were hoping for Iran to be disconnected from the main global financial messaging network known as SWIFT. The announcement was made by US Secretary of State Mike Pompeo and Treasury Secretary Stephen Mnuchin.
  • School teachers dress up as a MAGA border wall for Halloween

    School teachers dress up as a MAGA border wall for Halloween

    An Idaho elementary school came under fire after photos showed staff members dressed as the border wall for Halloween this week. Was there a poor judgement involved? "Do I think there was a malicious intent with this decision? Absolutely.
    Unseeded Khachanov stuns Djokovic to win Paris Masters

    Unseeded Khachanov stuns Djokovic to win Paris Masters

    But Federer saved every break point 12 of them and secured the only break of the match in clinching the second set. There I won the tournament and here I played in the semis and it needed somebody of Novak's calibre to beat me.
    Maryland fires coach DJ Durkin day after reinstatement

    Maryland fires coach DJ Durkin day after reinstatement

    In the wake of a tragedy, it was turned into a political battle between Wallace Loh , the president, and James T. After Brady's announcement, Hogan's office issued a statement that read: "Governor Hogan thanks Mr.
  • Lakers have agreed to sign Tyson Chandler after center waived

    Lakers have agreed to sign Tyson Chandler after center waived

    While Chandler has struggled to be on the court in recent years, playing 47 games in games in 2016-17 and 46 games in 2017-18. Chandler was drafted by the Clippers as the second-overall pick of the 2001 draft, but was immediately traded to the Bulls.
    Apple warns on holiday sales, sending value below $1 trillion

    Apple warns on holiday sales, sending value below $1 trillion

    However, on a year-to-year basis, there was a six per cent decrease in the number of iPads sold, from 10.3 million in Q4, 2017. It isn't the first time when iPhone has failed to receive the response from the market as expected by Apple and many analysts.
    Global smartphone shipments reached 387 million units in Q3: Counterpoint Research

    Global smartphone shipments reached 387 million units in Q3: Counterpoint Research

    Chinese rival Huawei's share grew sharply to 14.4 percent from 9.9 percent a year earlier to elbow out Apple in the No. 2 spot. The fourth quarter will include shipments for the vastly popular iPhone XR , which have not been counted in IDC's Q3 figures.
  • WR Geronimo Allison out for Packers against Patriots

    WR Geronimo Allison out for Packers against Patriots

    Beating the Chiefs is the highlight of their 2018 resume thus far, and they may have to repeat that feat in the postseason. Rivers will start in his 200th straight game, becoming just the 10th player since the merger in 1970 with such a streak.
    BMW unveils 8 Series Convertible

    BMW unveils 8 Series Convertible

    That's a $9,500 price hike over the M850i Coupe, but for well-heeled buyers who love open-top motoring, it's a small price to pay. Speaking of the roof, BMW says the soft-top can be raised or lowered in only 15 seconds at speeds of up to 30 miles per hour .
    Sri Lanka Tamils push parliament to end crisis

    Sri Lanka Tamils push parliament to end crisis

    It was the day after Rajapaksa took charge as prime minister, and only a few turned up for the protest. India, determined to advance its interests in the region, backed Washington's moves against China.