After reduction in excise duty, here's how much petrol, diesel costs in major Indian cities

News Network
May 22, 2022

With skyrocketing prices across commodities, the Centre on Saturday took a slew of measures, including cutting excise duty on petrol and diesel.

While the excise duty on petrol was cut by Rs 8 per litre, on diesel, it was reduced by Rs 6 per litre. The move will make pump prices of petrol lower by Rs 9.50 per litre and diesel by Rs 7 a litre, said Finance Minister Nirmala Sitharaman.

In the past two months, however, petrol prices have been hiked by Rs 10 per litre.

The excise duty cut will translate into a reduction of Rs 8.69 a litre on petrol in Delhi and Rs 7.05 per litre in diesel after taking into account its impact on other levies.

Petrol in the national capital now costs Rs 96.72 a litre as against Rs 105.41 previously. Diesel is now priced at Rs 89.62 per litre as opposed to Rs 96.67 earlier.

In Mumbai, petrol rates have been slashed to Rs 111.35 a litre from Rs 120.51, while diesel rates have come down to Rs 97.28 per litre from Rs 104.77.

In Bengaluru, petrol now costs Rs 101.94, down from Rs 111.09 a litre, while diesel is priced at Rs 87.89 from the previous Rs 94.79/ litre.

Petrol now costs Rs 106.03 a litre in Kolkata (earlier Rs 115.12) and Rs 102.63 in Chennai (previously Rs 110.85). Diesel is priced at Rs 92.76 a litre in Kolkata (previously Rs 99.83) and Rs 94.24 in Chennai (earlier Rs 100.94).

Rates differ from state to state depending on incidence of local taxes such as VAT.re.

After the latest excise cut, the incidence of central tax on petrol will come down to Rs 19.9 a litre and that on diesel to Rs 15.8 per litre.

Brent - the world's most known crude benchmark - was at $112.55 per barrel on Sunday.

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News Network
June 8,2023

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Mangaluru, Jun 8: A 25-year-old woman, who had recently returned from abroad and purchased a newly built house at Chitranjalinagar near Kumpala under the limits of Ullal police station, has ended life after writing a 24-page long death note. 

The deceased has been identified as Ashwini Bangera, originally from Farangipete, who had recently shifted to Chitranjalinagar. She was reportedly under pressure following after purchasing the new house. 

The death comes within a week after the housewarming ceremony. 

Ashwini had reportedly shared about her tension with one of her friends through WhatsApp chat on Wednesday, June 7, night. The same friend’s call reportedly went unanswered when she tried contact Ashwini on Thursday, June 8 morning. The worried friend rushed to Ashwni’s house and discovered that she had locked herself in her room.

When the door was forcibly opened Ashwini was found hanging from the ceiling fan in the room. 

Ashwini, who belonged to a middle-class family, was employed abroad. She had returned a-month-and-half ago, sources said. 

After purchasing a newly constructed house from one Sangeeta, she had organised a housewarming ceremony on June 3. She had been residing in the new house with her mother Devaki and two cousins. 

In her death note, Ashwini alleged that she had been deceived during the purchase of the house and was currently being harassed by bank officials. She has requested in her death note to handover her iPhone to her boyfriend.

Police suspect that Ashwini, who got entangled in many difficulties killed herself. The body of Ashwini Bangera has been sent for a post-mortem examination to determine the exact cause of death. A case stands registered at the Ullal Police Station. 
 

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News Network
May 29,2023

Mangaluru, May 29: The flight operations, both arrival and departure, at Mangaluru International Airport (MIA) were affected due to technical issues.

A release from the MIA here said due to a technical issue with the runway lighting, flights to and from Mangaluru were affected.

The issue started around 7 pm on Sunday. The IndiGo flight from Mumbai (6E5188) was diverted to Kannur International Airport.

The departure of Air India Express flight to Bahrain (IX 789), scheduled at 8.05 pm, was put on hold.

Incoming flights from Chennai and Bengaluru were also delayed, the release said, adding that the technical issue was resolved after 9.30 pm.

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News Network
June 1,2023

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Dubai: The rule of Dubai has announced a new plan for the Palm Jebel Ali, a man-made palm-shaped island that has been dormant since 2009 following a real estate crash, and is double the size of the functioning Palm Jumeirah.

"Its visitors and tourists will enjoy more than 80 hotels and resorts that provide beautiful tourist experiences," Sheikh Mohammed bin Rashid Al Maktoum, who is also vice president and prime minister of the UAE, said on Instagram.

The existing Palm Jumeirah is one of the most sought-after areas in Dubai and a favourite of Russians who have flocked to the emirate following the conflict in Ukraine, contributing to a red hot property market.

State-owned company Nakheel, which was taken over by the government in 2011 as part of a $16 billion (10 billion pounds) rescue plan in the aftermath of Dubai’s 2009-2010 real estate crash, is the developer of the islands.

Nakheel in November secured 17 billion dirhams ($4.63 billion) in financing as it accelerates plans for new waterfront projects including Dubai Islands, another man-made island project formerly known as Deira Islands.

The real estate market in Dubai, the Middle East's financial and tourism hub, began its recovery in early 2021 as the government moved to quickly reopen its economy and airports.

History

The Palm Jebel Ali project was launched by Nakheel Properties, a real estate developer in Dubai, in 2002. It was intended to be even larger than Palm Jumeirah, with a total area of 134 sq km (52 square miles). The island was designed to have a large crescent-shaped breakwater, forming a protective barrier for the inner areas.

The construction of Palm Jebel Ali began in 2002, and it involved extensive dredging and land reclamation. Sand from the seabed was used to create the island’s shape and elevation. The development plans included residential areas, commercial zones, leisure facilities, marinas, and a number of luxury hotels and resorts.

However, the construction of Palm Jebel Ali faced significant challenges and delays. The global financial crisis of 2008 had a profound impact on Dubai’s real estate market, leading to a slowdown in construction projects. The Palm Jebel Ali project was put on hold, and construction never resumed on a large scale.

Beaches

Earlier in the month, it was reported Dubai will have five times as many beaches by 2040, following a major announcement to develop tourism and wellbeing for residents, according to Arabian Business.

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai made the announcement on social media, after a visit to Jebel Ali Beach.

The ambitious plans will see the emirate increase the area of beaches in the emirate from 21km to 105km.

Contemporary urban planning practices

Palm Jebel Ali will feature mixed-use walkable neighbourhoods, incorporate smart city technologies and sustainability practices, as well as provide a diverse range of mobility options for residents, visitors and communities. This will position Palm Jebel Ali as a global benchmark for waterfront living, as well as contribute to the transformation of the landscape of Dubai.

Palm Jebel Ali has been designed to become almost completely self-sufficient in terms of power generation once complete. As much as 30 per cent of Palm Jebel Ali’s energy requirements will be obtained from renewable sources. 

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