Fuel rates hiked again: Petrol above Rs 110, diesel above Rs 100 in many parts of India

News Network
October 17, 2021

New Delhi, Oct 17: Petrol and diesel prices on Sunday rallied to their highest ever levels across the country, as fuel rates were hiked again by 35 paise a litre.

The price of petrol in Delhi rose to its highest-ever level of Rs 105.84 a litre and Rs 111.77 per litre in Mumbai, according to a price notification of the state-owned fuel retailers. In Mumbai, diesel now comes for Rs 102.52 a litre; while in Delhi, it costs Rs 94.57.

This is the fourth straight day of 35 paise per litre increase in petrol and diesel prices. There was no change in rates on October 12 and 13.

Diesel prices have now increased 19 out of the last 23 days taking up its retail price by Rs 5.95 per litre in Delhi.

With diesel prices rising sharply, the fuel is now available at over Rs 100 a litre in several parts of the country. This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre-mark across the country a few months earlier.

Petrol prices had maintained stability since September 5, but oil companies finally raised the pump prices last week. Petrol prices have also risen on 16 of the previous 19 days taking up its pump price by Rs 4.65 per litre.

OMCs had preferred to maintain their watch prices on the global oil situation before making any revision in prices. This is the reason why petrol prices were not revised for the last three weeks. But extreme volatility in the global oil price movement has now pushed OMCs to effect the increase.

Crude price has been on a surge rising over three year high level of over $ 84.6 a barrel now. Since September 5, when both petrol and diesel prices were revised, the price of petrol and diesel in the international market is higher by around $9-10 per barrel as compared to average prices during August.

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News Network
January 8,2026

US President Donald Trump has "greenlit" the bipartisan Russia Sanctions Bill, which could be used to penalise Moscow's trading partners, including India, China and Brazil, over their purchase of Russian oil, said Republican Senator Lindsey Graham, a prominent defence hawk.

If passed, the Graham-Blumenthal sanctions bill would authorise the US President to levy up to 500 per cent tariffs on nations that knowingly purchase Russian oil or uranium and "fuel Russian President Vladimir Putin's war machine". The hard-hitting sanctions package is meant to economically cripple Moscow as the Trump administration continues to negotiate a deal to end the war that began with Russia's invasion of Ukraine. 

Graham said he met with Trump at the White House on Wednesday, during which the President extended his support to the bill that has been in the works for months. The development was also confirmed by a White House official while talking to the Associated Press.

"This will be well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent," Graham said in a statement.

Graham said there could be a vote as early as next week, although it's unclear how likely that will be. The Senate is poised to take up a scaled-back government funding package next week that the House is currently considering, if the House passes it. The following week is a Senate recess timed to Martin Luther King Jr Day.

About The Russia Sanctions Bill

The bill, chiefly written by Graham and Democratic Senator Richard Blumenthal, allows the administration to impose tariffs and secondary sanctions up to 500 per cent on countries that purchase Russia's oil, gas, uranium and other exports. Doing so is meant to cut off the source of financing for much of Russia's military actions.

The White House has previously insisted on some revisions and flexibility for Trump in the sanctions package, but it is not clear whether any changes were secured.

The legislation has dozens of co-sponsors in the Senate, as well as a companion bill in the House, drafted by Republican Representative Brian Fitzpatrick.

The Trump administration is currently trying to finalise a peace deal to end the war in Ukraine, now nearly four years old, with special envoy Steve Witkoff and Jared Kushner, Trump's son-in-law, as the U.S. president's chief negotiators.

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News Network
January 6,2026

uae.jpg

Sheikh Abubakr Ahmad, Grand Mufti of India, has congratulated Sheikh Mohammed bin Rashid Al Maktoum on completing twenty years as the ruler of Dubai.

In a statement, Sheikh Abubakr Ahmad said Sheikh Mohammed’s leadership has played a key role in transforming Dubai into one of the world’s leading cities and a global model for development, innovation, security and efficient governance. He noted that Dubai today is recognised as a vibrant international hub marked by tolerance, cleanliness and peaceful coexistence among diverse communities.

Recalling his personal experience of visiting Dubai over several decades, the Grand Mufti said the emirate’s inclusive and humanitarian policies have made it a welcoming home for people from across the world. He added that Dubai has emerged as a symbol of human dignity and mutual respect, while also contributing to stronger engagement between the Islamic world and the wider global community.

He said Dubai’s journey of progress is deeply rooted in the legacy of the late Sheikh Zayed bin Sultan Al Nahyan, the founder of the United Arab Emirates, and Sheikh Rashid bin Saeed Al Maktoum, regarded as the architect of modern Dubai. Their vision, based on wisdom, justice and service to humanity, continues to shape the leadership of Sheikh Mohammed bin Rashid Al Maktoum, he added.

Concluding his message, Sheikh Abubakr Ahmad prayed for Sheikh Mohammed bin Rashid Al Maktoum’s good health and continued success, and for lasting peace, stability and progress for Dubai and the United Arab Emirates.

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News Network
January 6,2026

uae.jpg

Sheikh Abubakr Ahmad, Grand Mufti of India, has congratulated Sheikh Mohammed bin Rashid Al Maktoum on completing twenty years as the ruler of Dubai.

In a statement, Sheikh Abubakr Ahmad said Sheikh Mohammed’s leadership has played a key role in transforming Dubai into one of the world’s leading cities and a global model for development, innovation, security and efficient governance. He noted that Dubai today is recognised as a vibrant international hub marked by tolerance, cleanliness and peaceful coexistence among diverse communities.

Recalling his personal experience of visiting Dubai over several decades, the Grand Mufti said the emirate’s inclusive and humanitarian policies have made it a welcoming home for people from across the world. He added that Dubai has emerged as a symbol of human dignity and mutual respect, while also contributing to stronger engagement between the Islamic world and the wider global community.

He said Dubai’s journey of progress is deeply rooted in the legacy of the late Sheikh Zayed bin Sultan Al Nahyan, the founder of the United Arab Emirates, and Sheikh Rashid bin Saeed Al Maktoum, regarded as the architect of modern Dubai. Their vision, based on wisdom, justice and service to humanity, continues to shape the leadership of Sheikh Mohammed bin Rashid Al Maktoum, he added.

Concluding his message, Sheikh Abubakr Ahmad prayed for Sheikh Mohammed bin Rashid Al Maktoum’s good health and continued success, and for lasting peace, stability and progress for Dubai and the United Arab Emirates.

Comments

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