Petrol price crosses Rs 100 per litre in many Karnataka cities including Bengaluru

News Network
June 18, 2021

Bengaluru, June 18: Bengaluru on Friday became the latest city where petrol prices crossed Rs 100 after fuel prices were increased.

In the month of June alone, petrol rose over Rs 2 in Bengaluru. The price of the commodity has almost doubled since 2016.

In the last ten years, petrol saw its lowest in March 2016 at Rs 58.99. At this time, crude was $37.34 per barrel.

In just six months, the price of petrol in the IT-hub has increased from Rs 86.47 to Rs 100.

However, Rs 100 is not the actual price of the commodity per litre. Central and state-level taxes and commissions that are levied on fuels are one of the key factors that push up prices.

The base price of petrol is close to Rs 36 per litre. The dealer commission on it is close to Rs 4 per litre and the government levies an excise duty of Rs 32.90 a litre. Over and above this, the state also levies a sales tax on petrol. Karnataka imposes a 35 per cent sales tax on petrol.

So far as the gross refining margins for oil making companies is concerned, it is around $2.5 per barrel.

Crude petroleum was around $66.4 per barrel in May 2021. 

Experts say that with increasing petrol prices across the country, it is time the government brings it under the GST regime.

S P Singh from the Indian Foundation of Transport Research says, "Petrol prices will go up even further. The only solution is to bring petrol and diesel under GST." 

A litre of diesel is priced at Rs 92.97 per litre in Bengaluru.

In several other cities in Karnataka, petrol has either crossed or is just shy of the Rs 100-per-litre mark.

Meanwhile in Delhi petrol now costs Rs 96.93/litre while diesel is Rs 87.69 a litre. Petrol is Rs 104.53 and diesel 95.75 a litre each in Bhopal.

In the financial capital of Mumbai, petrol is now priced at a record Rs 103.08 and diesel at 95.14.  

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News Network
May 8,2025

US President Donald Trump says he is willing to reach an agreement with Iran that allows Washington to “blow up” Tehran’s nuclear energy facilities.

“It’s that simple,” he said during an exchange with conservative radio host Hugh Hewitt, on Wednesday.

“I would much prefer a strong, verified deal where we actually blow them up…,” Trump said, referring to Iran’s nuclear facilities.

Deal’s outcome: Either ‘Nice aggression’ or ‘vicious aggression’

The 78-year-old former president added that there were only two possible outcomes, namely “blowing them up nicely or blow them up viciously.”

This is not the first time, Trump and other American officials have urged “total dismantlement” of Iran’s nuclear energy program. The US president had last made the insistence during comments on the NBC's "Meet the Press" program.

Observers said such statements underline the US administration's continued aggressive approach towards the Islamic Republic and its nuclear energy program.

The adversarial standing comes while Washington and Tehran have been engaging in indirect talks since March. The talks’ initiation marked drawn-out absence of such engagement between the two sides that had been caused by Washington’s illegal and unilateral withdrawal from a historic nuclear deal between Tehran and others in 2018.

Most recently, Trump’s regional envoy Steve Witkoff said, “The president wants to see this solved diplomatically if possible, so we’re doing everything we can to get it going."

Trump’s remarks, though, diagonally contradict Witkoff’s statement about the president’s alleged interest in a diplomatic solution.

Trump also said potential American aggression against Iran’s nuclear sites had to result in “de-nuking them.”

The US and its allies have for long been trying to accuse the Islamic Republic of pursuing “nuclear weapons,” despite the country’s repeated avowal not to either pursue, develop, or stockpile such weaponry as per moral and religious imperatives.

Tehran’s peaceful nuclear policy has been verified unexceptionally by the International Atomic Energy Agency (IAEA) which has never found any indication of such pursuit, as it has put the country's nuclear activities under the most extensive investigative processes compared to any other member of the United Nations nuclear agency.

The Western narrative, though, has been used extensively to try to justify escalating sanctions, military threats, and covert operations targeting Iran and its nuclear infrastructure.

Nevertheless, the Islamic Republic has invariably vowed to deal effectively with attempts on the part of the US, its allied states, or proxies at engaging in military adventurism against the country.

The assertion was last reiterated by Amir Saeid Iravani, Iran's permanent ambassador to the United Nations, who underscored on Monday that the country would unquestionably defend its sovereignty against any threat or use of force.

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News Network
May 14,2025

indiapak.jpg

Despite a detailed rebuttal from the Narendra Modi government, U.S. President Donald Trump has, for the fourth consecutive day, claimed credit for brokering a ceasefire between India and Pakistan—an achievement he says prevented a conflict that “could have killed millions.”

Speaking at an investment forum in Riyadh, Trump remarked that the leaders of India and Pakistan could now even “go for a nice dinner” together, as tensions between the two nuclear-armed neighbors had de-escalated.

“Just days ago, my administration successfully brokered a historic ceasefire to stop the escalating violence between India and Pakistan,” Trump said. “And I used trade to a large extent to do it. I told the leaders, ‘Fellows, come on. Let’s make a deal. Let’s do some trading.’”

His comments came even as New Delhi firmly rejected the notion that the United States had any role in mediating the ceasefire, which brought an end to nearly four days of cross-border hostilities. India also dismissed Trump’s claim that he used the threat of halting U.S. trade with both countries to pressure them into backing down.

“Let’s not trade nuclear missiles. Let’s trade the things you make so beautifully,” Trump said. “They both have very powerful, strong, smart leaders. And it all stopped. Hopefully, it’ll stay that way—but it stopped.”

Trump went on to praise Secretary of State and National Security Advisor Marco Rubio, crediting him and others in his administration for their efforts.

“Marco, stand up. What a great job you did on that. Thank you,” Trump said. “Vice President JD Vance, Marco—the whole group worked hard. And I think [India and Pakistan] are actually getting along. Maybe we can even get them together a little bit, Marco, where they go out and have a nice dinner together. Wouldn’t that be nice?”

Trump continued, “We’ve come a long way. Millions of people could have died in that conflict. It started small and was getting bigger by the day.”

This marks the fourth day in a row—Saturday through Tuesday—that Trump has publicly asserted his administration’s role in defusing tensions between the two South Asian rivals, despite consistent denials from the Indian government.

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News Network
May 11,2025

pope.jpg

Appealing to the world's major powers for "no more war", Pope Leo on Sunday welcomed the ceasefire between India and Pakistan and hoped negotiations can lead to lasting peace, reported Reuters. Pope Leo prayed god will give world 'miracle of peace'. 

Pope Leo XIV, born Robert Francis Prevost, reportedly also called for peace in Ukraine, ceasefire and release of hostages in Gaza in his first Sunday noon appeal since his election as pontiff.

The new pope was elected on May 8, succeeding Pope Francis who died on April 21. 

“Never again war!” Pope Leo said from the loggia of St. Peter’s Basilica.

After over three days of intense exchange of fire, India and Pakistan on Saturday reached an ‘understanding’ to immediately stop all firing and military action on land, air and sea. The ceasefire, which was first announced by US President Donald Trump on Saturday, was violated by Pakistan hours later with drones being intercepted over parts of Jammu, Srinagar, Punjab and Rajasthan.

The military confrontation erupted after Islamabad launched drones and missiles towards the Indian territory, responding to the Operation Sindoor military strikes carried out by New Delhi on nine terror infrastructures in Pakistan and Pakistan-occupied Kashmir on May 7.

Operation Sindoor was launched in retaliation to the April 22 terror attack in Jammu and Kashmir's Pahalgam in which terrorists found to have links with Pakistan killed 26 civilians.

‘Third world war in pieces’

The 69-year-old Chicago-born missionary is the 267th pope and also the first American to hold the religious leadership title. 

Marking the 80th anniversary of the end of World War II, Leo echoed Pope Francis's words, condemning the many conflicts plaguing the world today as a “third world war in pieces.”

Pope Leo also noted that this Sunday was Mother's Day in many countries, extending warm wishes to all mothers — “including those in heaven.”

The atmosphere turned jubilant as the crowd, joined by marching bands visiting for the special Jubilee weekend, broke into cheers and music while the bells of St. Peter's Basilica rang out.

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