Saturday, December 2, 2023
  • Login
Asia News Observer
  • Home
  • Kashmir
  • Jammu
  • National
  • Health
  • Sports
No Result
View All Result
Asia News Observer
  • Home
  • Kashmir
  • Jammu
  • National
  • Health
  • Sports
No Result
View All Result
Plugin Install : Cart Icon need WooCommerce plugin to be installed.
Asia News Observer
No Result
View All Result
Home National

Petrol and diesel prices touch all-time highs today (January 23), Check new rates

Petrol and diesel prices touch all-time highs today (January 23), Check new rates
Share on Facebook

New Delhi, Jan 23: Petrol and diesel prices in the country on Saturday touched new all-time highs after rates were increased for the fourth time this week.

Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies.

This took the petrol price in Delhi to Rs 85.70 per litre and in Mumbai to Rs 92.28.

Diesel rate climbed to Rs 75.88 a litre in the national capital and to Rs 82.66 per litre in Mumbai, the price data showed.

RelatedPosts

Mumbai Hotel stay turns horrific for 500 female J&K College Students

India Vs Australia 4th T20I: No Electricity In Raipur Stadium Due To This Reason

Commercial LPG Gas Cylinder Rate Hiked From Today; Check New Prices In Your City

This is the second consecutive day of rate increase and the fourth this week. In all prices have gone up by Re 1 per litre this week.

Fuel prices, which vary from state to state depending on local sales tax or VAT, are now at record highs in the country, prompting cries for a cut in excise duty to ease the burden on consumers.

Oil Minister Dharmendra Pradhan earlier this week blamed Saudi oil output cut for the surge in oil prices but remained non-committal on tax cuts.

Top oil explorer Saudi Arabia has pledged additional voluntary output cuts of 1 million barrels per day in February and March, which has led to price climbing to most since the pandemic broke out.

State-owned fuel retailers — Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — had on January 6 resumed daily price revision after nearly a month-long hiatus.

Since then, rates have gone up by Rs 1.99 a litre on petrol and Rs 2.01 in case of diesel.

This comes after international oil prices firmed up on hopes of demand returning from the rollout of coronavirus vaccines in different countries, including India.

Prior to the current highs triggered by the price hikes this month, fuel prices had last touched record high on October 4, 2018.

At that time the government had cut excise duty on petrol and diesel by Rs 1.50 per litre in a bid to ease inflationary pressure and boost consumer confidence.

Alongside, state-owned fuel retailers cut prices by another Re 1 a litre, which they recouped later.

This time, there are no indications of a duty cut so far.

Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates. (PTI)

ShareTweetSend
Previous Post

Jammu-Srinagar Highway Closed Amid Snowfall

Next Post

Old Rs 100,10 and 5 notes to go out of circulation by March, Check complete details

Related Posts

Mumbai Hotel stay turns horrific for 500 female J&K College Students

Mumbai Hotel stay turns horrific for 500 female J&K College Students

December 1, 2023
India Vs Australia 4th T20I: No Electricity In Raipur Stadium Due To This Reason

India Vs Australia 4th T20I: No Electricity In Raipur Stadium Due To This Reason

December 1, 2023
On domestic LPG cylinders Get additional cashback of Rs 50 – Check process

Commercial LPG Gas Cylinder Rate Hiked From Today; Check New Prices In Your City

December 1, 2023

Govt To Provide Free Food Grains To About 81.35 Crore Beneficiaries For 5 Years From January 2024

November 29, 2023

Don’t be so narrow-minded: SC dismisses plea seeking ban on Pak artistes to work in India

November 28, 2023

Shubman Gill named Gujarat Titans captain for IPL 2024 after franchise confirms Hardik Pandya’s return to Mumbai Indians

November 27, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Facebook Twitter Instagram Youtube Telegram

About Us

Asia News Observer is a multimedia news portal based in Kashmir region of Jammu & Kashmir. We cover political, social and cultural dissent within the larger context of the conflict and its contours to provide an honest understanding of daily life.

NEWS BY TOPIC

  • Gaming / Technology
  • Health
  • International
  • Jammu
  • Kashmir
  • Lead
  • National
  • News
  • Opinion
  • Sports
  • Video

More Info

  • Home
  • Privacy Policy
  • Team
  • Contact Us
  • About Us

© 2020 ASIA NEWS OBSERVER - DESIGNED BY BUUCKET

No Result
View All Result
  • Home
  • Kashmir
  • Jammu
  • National
  • Health
  • Sports

© 2020 ASIA NEWS OBSERVER - DESIGNED BY BUUCKET

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
error: Content is protected !!