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
January 13,2025

Udupi: A resident of Karkala in Udupi district has accused five individuals of defrauding him of nearly Rs 2 crore under the guise of business partnerships.

Dawood Hakim, a resident of Ennehole in Marne village, Karkala, has filed a complaint stating that he operated a mobile sales and service business on Karkala Market Road for 15 years. He had known the accused for over two decades and trusted them implicitly.

According to Dawood, the accused convinced him to invest in multiple business ventures, including land dealings and a travel business, promising substantial returns and partnership benefits. Believing their assurances, Dawood reportedly handed over cash, gold, and a vehicle.

However, the promised profits never materialized, and the accused allegedly failed to return the money or assets. Dawood claims this deception has caused severe financial distress to him and his family, amounting to a loss of around Rs 2 crore.

A case has been registered at the CEN police station, and investigations are underway.

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News Network
January 13,2025

Mangaluru: Non-Resident Indians (NRIs) in Singapore remain determined to establish direct air connectivity between Mangaluru and Singapore despite setbacks. This follows Air India Express' (AIE) recent decision to postpone its planned direct flight service on this route, disappointing many expats.

In response, NRIs have proposed an alternative solution: extending IndiGo's existing Singapore-Bengaluru flight to Mangaluru. Currently, the Singapore-Bengaluru flight lands at Kempegowda International Airport at 7:40 AM, but passengers cannot board the 9:00 AM Bengaluru-Mangaluru connection due to insufficient transit time. Extending the Singapore-Bengaluru flight to Mangaluru would address this issue and benefit travelers.

Rajesh H. Acharya, director of HQ Connections in Singapore and coordinator of the Singapore Tuluver community, expressed disappointment over AIE's handling of the situation. "We’ve been advocating for this route since 2017, and it was close to becoming a reality. However, the sudden postponement and lack of stakeholder support have delayed our efforts," he said.

A petition has been submitted to IndiGo Airlines requesting the introduction of a direct Mangaluru-Singapore flight. Alternatively, it suggests extending IndiGo’s existing Singapore-Bengaluru flight to include Mangaluru. Expats have also approached Scoot Airlines in Singapore for direct connectivity. However, the lack of 'Point of Call' status for Mangaluru Airport remains a significant hurdle for international flights.

Despite the challenges, NRIs continue their efforts to make direct air connectivity between Mangaluru and Singapore a reality.

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News Network
January 8,2025

Mangaluru: Air India Express (AIE) has postponed its much-anticipated direct flight service between Mangaluru International Airport (MIA) and Singapore, citing low bookings. Passengers who had booked tickets for the inaugural flight scheduled for January 21 and subsequent dates have been notified of the cancellation through email.

In its email, AIE assured passengers of alternative travel arrangements, including connecting flight options between MIA and Singapore. However, the decision to delay the direct service has left travelers and travel agents disappointed.

An AIE official attributed the postponement to operational challenges but clarified that the airline has not abandoned plans for the route. “We are committed to starting the service, but there is no immediate confirmation on the new launch date,” the official stated. He further explained that sustaining a route requires consistent demand, and seasonal travel alone is insufficient to justify operations.

Another AIE representative admitted that the number of bookings for the inaugural flight was below expectations but declined to disclose specific figures.

Rajesh H Acharya, director of HQ Connections Pte Ltd in Singapore and coordinator of the Singapore Tuluver community, expressed his disappointment. Acharya, who has been advocating for a direct flight between Mangaluru and Singapore since 2017, said, “After years of effort, we finally convinced the airline to start this service, but it has now been deferred.”

Taking to X (formerly Twitter), Acharya posted: "Did not expect such behavior from @AirIndiaX, now owned by @TataCompanies & @SIAirlines. If there are issues, travelers deserve to be informed well in advance. This decision needs investigation at the highest level."

The delay has raised questions among the travel community, with many hoping the airline will address these concerns and provide a clear timeline for the launch of the Mangaluru-Singapore direct flight.

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