Diesel price hits record high of Rs 69.46 a litre

Agencies

August 27, 2018

New Delhi, Aug 27: Diesel prices hit a record high of Rs 69.46 per litre on Monday while petrol rates inched towards Rs 78 a litre mark after a fall in rupee made imports costlier.

Diesel price was on Monday hiked about 14 paise per litre and petrol by 13 paise, according to price notification of state-owned fuel retailers.

The increase pushed diesel price to its highest ever level of Rs 69.46 a litre in Delhi. In Mumbai, the fuel now costs Rs 73.74 a litre.

Fuel prices in Delhi are the cheapest in all metros and most state capitals due to lower sales tax or VAT.

Diesel price had previously hit its highest level on May 29 when it reached Rs 69.31 a litre mark in Delhi.

Petrol in Delhi today costs Rs 77.91 per litre, and Rs 85.33 in Mumbai. The rates are however lower than the peak hit on May 29 when they touched Rs Rs 78.43 a litre in Delhi and Rs 86.24 in Mumbai.

Fuel prices have been on the rise since August 16 after the rupee dipped to its lowest value against the US dollar. The domestic unit hit a record low of 70.32 in early trade that day.

Petrol price has risen by Rs 0.77 a litre in Delhi in last 12 days. Diesel rates have gone up by Rs 0.74 per litre since then.

State-owned oil firms had in mid-June last year dumped the 15-year practice of revising rates on 1st and 16th of every month in favour of daily price revisions.

High prices have off-and-on triggered demands for a reduction in excise duty but the government had ruled out any immediate cut.

The centre currently levies a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel. On top of this, states levy value added tax (VAT) - the lowest being in Andaman and Nicobar Islands where a 6 per cent sales tax is charged on both the fuel.

Mumbai has the highest VAT of 39.12 per cent on petrol, while Telangana levies the highest VAT of 26 per cent on diesel. Delhi charges a VAT of 27 per cent on petrol and 17.24 per cent on diesel.

The central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre in nine installments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.

This led to its excise collections from petro goods more than doubling in last four years - from Rs 99,184 crore in 2014-15 to Rs 2,29,019 crore in 2017-18. States saw their VAT revenue from petro goods rise from Rs 1,37,157 crore in 2014-15 to Rs 1,84,091 crore in 2017-18.

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‘Pakistan has no moral right to question India’s military operation’: Pak Islamist lawmaker exposes own country’s hypocrisy

News Network

December 23,2025

A Pakistani lawmaker has called out the hypocrisy of his country's leadership, drawing a parallel between Islamabad's military actions against Kabul and India's 'Operation Sindoor'.

Condemning the Pakistan army, led by Asim Munir, for strikes on Afghanistan - which resulted in civilian casualties - Jamiat Ulema-e-Islam-F (JUI-F) chief Maulana Fazlur Rehman questioned the consistency of Islamabad's logic. He argued that if Pakistan's cross-border attacks are considered justified, then the country has little ground to object when India enters Pakistani territory to eliminate terrorists.

Rehman was addressing the 'Majlis-e-Ittehad-e-Ummat' conference on Monday in Karachi's Lyari. The town recently gained international attention as the setting for the Ranveer Singh-starrer Dhurandhar, which depicted the intersection of informants and operatives within the Lyari underworld.

"If you say that we attacked our enemy in Afghanistan and justify this, then India can also say that it attacked Bahawalpur, Muridke, and the headquarters of groups responsible for the attack in Kashmir," Rehman said, referring to India's retaliatory strikes. "Then how can you raise objections? The same accusations are now being levelled against Pakistan by Afghanistan. How do you justify both positions?"

The JUI-F chief's remarks specifically referenced 'Operation Sindoor'.

On May 7, Indian armed forces carried out pre-dawn missile strikes on nine terror targets in Pakistan and Pakistan-occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke.

Pak-Afghanistan Tension

Fazlur Rehman has been a consistent critic of the Pakistani government's policy towards Afghanistan. In October, during a peak in bilateral tensions, he offered to mediate between the two nations. According to a Dawn report, he stated, "In the past, I have played a role in reducing tensions between Pakistan and Afghanistan, and I can still do so."

Rehman is known to wield significant influence within the region and remains the only Pakistani lawmaker to have met with the Taliban's supreme leader, Haibatullah Akhundzada.

Recently, India condemned Pakistan's fresh strikes on Afghanistan. "We have seen reports of border clashes in which several Afghan civilians have been killed," Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said at a weekly media briefing.

"We condemn such attacks on innocent Afghan people. India strongly supports the territorial integrity, sovereignty and independence of Afghanistan," he said.

A spokesperson for the Taliban regime claimed Pakistan initiated the attacks and that Kabul was "forced to respond".

The two countries have been locked in an increasingly bitter dispute since the Taliban authorities retook control in Kabul in 2021, with Islamabad accusing its neighbour of harbouring terrorists - a charge that the Afghan government denies.

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