Fuel prices surge again in India after two-day break

Agencies
February 23, 2021

Petrol price down by ₹12 in 2 months. Today's petrol, diesel price in top  cities

New Delhi, Feb 23: The petrol and diesel prices across the country continued their northward march after two days break taking its retail rates to unprecedented levels while burning bigger holes in the consumers pockets.

The oil marketing companies raised the pump price of both petrol and diesel by 35 paisa per litre on Tuesday.

With this, petrol is now priced at Rs 90.93 a litre and diesel Rs 81.32 a litre in the capital.

Across the country as well the petrol and diesel price increased between 32-40 paisa per litre depending on the level of local duty at the state level.

Sources in OMCs said that price rise on Tuesday followed movement in product price in global markets. The crude oil is also on fire with benchmark Brent crude gaining over 2 per cent on Tuesday to reach closer to $67 a barrel now. It was less than $60 a barrel just a few days back.

Petrol and diesel prices have been rising continuously since February 9. During this phase of price rise (In the last 12 days since February 9), the price has gone up by Rs 3.63 per litre for petrol while diesel rate has risen by Rs 3.84 a litre in Delhi.

The increase in the previous weeks has taken petrol price across historic high levels of Rs 100 a litre in several cities across the country.

In Mumbai, petrol prices is just Rs 3 per litre short (Rs 97.34 a litre) of touching the three digit mark for the very first time ever. Diesel prices in the city is closing in on Rs 90 a litre (Rs 88.44/ litre).

In all other metros, petrol is over Rs 90 a litre while diesel is well over Rs 80 a litre. Premium petrol crossed Rs 100 per litre mark in several cities of Rajasthan, Madhya Pradesh and Maharashtra a few days back.

Since fuel prices are benchmarked to a 15-day rolling average of global refined products' prices and dollar exchange rate, pump prices can be expected to remain northbound over the next few days even if crude price stabilises.

The petrol and diesel prices have increased 25 times in 2021 with the two auto fuels increasing by Rs 7.22 and Rs 7.45 per litre, respectively so far this year.

Oil companies executives said that petrol and diesel prices may increase further in coming days as retail prices may have to be balanced in line with global developments to prevent OMCs from making loss on sale of auto fuels.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 23,2021

45on_0.jpg

Nagpur, Feb 23: The Nagpur bench of the Bombay High Court on Tuesday granted interim bail to P Varavara Rao on medical grounds in connection with a 2016 case of arson at an iron ore mine in Maharashtra's Surjagarh.

Rao and Surendra Gadling were sent to Yerawada Jail in the year 2019 after their 11-day police custody in connection with the Unlawful Activities Prevention Act (UAPA) case in which some 80 vehicles transporting iron ore from the Surjagarh mines in Gadchiroli were allegedly set on fire by Naxals. The incident took place on December 25, 2016.

Justice Swapna Joshi of the high court's Nagpur bench granted bail to Rao on health grounds.

A principal bench of the Bombay High Court on Monday had granted bail to the activist-poet on similar medical grounds in the Bhima-Koregaon case.
Rao has been at a private hospital in Mumbai since November 2020 when he was shifted after his health deteriorated in jail where he was lodged as an undertrial.

He was arrested in 2018 in connection to the Bhima Koregaon case registered in Pune and has been in jail since then. Last year, Rao contracted coronavirus and was admitted to JJ Hospital in Mumbai.

He has been granted bail in Elgar Parishad-Maoist links case on certain conditions, including that he has to remain in Mumbai and should be available for investigation. He is not allowed to talk to witnesses or interfere in the investigation process.

Rao was arrested in November 2018 along with five others, for alleged links with Naxals and for allegedly making provocative speeches on December 31, 2017 that police claimed incited the violence at Bhima Koregaon village in Pune district the next day.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 21,2021

New Delhi, Feb 21: All India Institute of Medical Sciences (AIIMS) chief Dr Randeep Guleria in an NDTV interview suggested that the new strains of the coronavirus that have emerged in India are likely more infectious and dangerous than the original strain. Dr Guleria also added that herd immunity in India was a "myth."

Following the spike in Covid-19 cases in Maharashtra, Kerala, Madhya Pradesh, and Punjab, questions about the possibility of a new strain of the virus emerging began to gain more traction. 

The case spike in Maharashtra, which has triggered a lockdown in three districts and has seen a statewide tightening of restrictions is likely due to a number of new strains, a member of Maharashtra's Covid task force told NDTV.  The task force member — Dr Shashank Joshi — also informed the news outlet that 240 new strains of the coronavirus had emerged across India.

Dr Guleria urged caution while dealing with the new strains, irrespective of whether they were seen to be more deadly or not. He added that the reason for their higher infection rate was down to their ability to evade antibodies, known as the "immune escape mechanism."

This means that even after receiving the vaccine, one could still get infected by the coronavirus variants. The AIIMS chief reassured that the vaccines would work against the new strains, albeit with a lower efficacy. However, he continued to urge caution and suggested that newer strains of the virus might emerge as more individuals begin to receive the vaccine.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 13,2021

New Delhi, Feb 13: Indian Railways on Saturday refuted all media reports suggesting a full resumption of passenger train services from April.

"There have been a series of reports in the media about the resumption of full passenger train services from a given April date. Clarification is constantly being given to the media about it for the last few days. It is being reiterated again that no such date has been fixed for resumption of all passenger trains operations," said Indian Railways in an official statement.

"Railways have been increasing the number of train services in a graded manner. Already, more than 65 per cent of trains are running. More than 250 plus were added in January alone. More will be added gradually," it added.

Requesting all to avoid speculations, Indian Railways said, "Media and public will be duly informed as and when a decision is taken to this effect."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.