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.  

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.
News Network
January 7,2025

firewestbank.jpg

Israeli settlers shielded by the occupation troops have stormed several villages in the West Bank, setting Palestinian homes, farms and vehicles on fire.

Palestinian media reported that the violent settler attacks took place on Monday night in the villages of Turmus Ayya, Tuqu', Hajjah, Fara'ata, al-Funduq and Immatain.

Prior to the raids, far-right Israeli social media groups had posted messages calling on members to join in on rampages against Palestinian villages.

The attacks took place although Israeli rights groups had demanded preventative actions by the regime's authorities.

“Once again, the army is doing nothing to prevent settler violence. This time, too, the writing was on the wall, and notices calling for riots in the villages were distributed publicly among settlers,” the Yesh Din right group said.

Settler violence has escalated significantly since October 7, 2023, when Israel unleashed a genocidal war on the Gaza Strip.

So far, the Tel Aviv regime has killed at least 45,854 Palestinians, mostly women and children, and injured 109,139 others, in its brutal Gaza onslaught. 

Israel confiscates more Palestinian land

Separately on Monday, the Wafa news agency reported that Israeli authorities had seized 262,000 square meters of Palestinian land in Jaba’, al-Ram, Kafr 'Aqab, and Mukhmas, all situated in the al-Quds governorate.

Israeli human rights organization Ir Amim said that the occupying regime is seeking to annex the confiscated area to the illegal Geva Binyamin settlement.

More than 600,000 Israelis live in over 230 settlements built since the 1967 Israeli occupation of the West Bank and East al-Quds.

While all Israeli settlements are illegal under international law, Israel keeps expanding them in blatant violation of United Nations Security Council resolutions.

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.
News Network
January 14,2025

kiranminister.jpg

Jeddah: In a significant step towards strengthening bilateral ties and religious collaboration, Saudi Arabia and India signed the 2025 Hajj agreement during a ceremony in Jeddah.

The agreement was formalized by Saudi Arabia’s Minister of Hajj and Umrah, Dr. Tawfiq F. Al-Rabiah, and India’s Minister for Parliamentary and Minority Affairs, Kiren Rijiju. The event was attended by key dignitaries, including the Indian Ambassador to Saudi Arabia, Dr. Suhel Ajaz Khan, and the Consul General of India in Jeddah, Fahad Ahmed Khan Suri.

Under the agreement, Saudi Arabia has allocated a quota of 175,025 pilgrims from India for the 2025 Hajj season. Of this, 70% of the slots will be managed by the Hajj Committee of India, while the remaining 30% (approximately 52,507 slots) will be facilitated by private Hajj Group Organizers in line with India’s Haj Policy 2025.

The agreement emphasizes improving the overall pilgrimage experience for Indian Hajjis, focusing on enhanced services, expanded facilities, and streamlined logistical arrangements.

Minister Kiren Rijiju expressed the Indian government’s commitment to providing the best possible services to pilgrims. “Our government is dedicated to ensuring an improved and hassle-free pilgrimage experience for all our Hajjis,” he stated. He also thanked Saudi authorities for their cooperation and support.

During his visit, Minister Rijiju met with Sheikh Dr. Mohammed Al-Issa, Secretary-General of the Muslim World League, to discuss interfaith dialogue and global peace initiatives. He acknowledged Dr. Al-Issa’s impactful visit to India and praised his efforts in promoting harmony.

The minister also visited the Jeddah Hajj Terminal to inspect and review the arrangements and preparations for Hajj 2025. This visit underscored the commitment to ensuring a seamless and enhanced pilgrimage experience for Indian Hajjis through meticulous planning and improved facilities.

Indian Prime Minister Narendra Modi welcomed the agreement, describing it as “wonderful news” for Indian Hajis. In a post on X, he reiterated his government’s unwavering commitment to improving the pilgrimage experience for devotees.

(Inputs from Dr P A Hameed Padubidri, Riyadh)

kiranminister5.jpg

kiranminister3.jpg

kiranminister2.jpg

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.
News Network
January 10,2025

baraka.jpg

Barakah International School and College is organizing a unique parenting workshop aimed at equipping parents with essential skills in various aspects of parenting. The event will take place at Barakah Auditorium, Ayar, on Thursday, January 16, 2025, at 6:30 PM.

This session will cover three crucial aspects of parenting:

Motivating Your Child to Excel in Academics: Presented by Sharfuddin B.S., Principal of Barakah International School and College and an internationally acclaimed motivational speaker.

Parenting in the Modern Age: Delivered by Mr. Saif Sultan, a renowned motivational speaker and Chairman of the Hope Foundation.

Parenting Skills to Instill Islamic Values: Led by Mohammad Haneef, Principal of the Islamic Department at Barakah International School and a well-known Khateeb.

The workshop will conclude with a Q&A session, providing participants the opportunity to gain deeper insights from the experts.

The program is free of cost and open to both parents, subject to prior registration. Maghrib and Isha prayer arrangements will be available, and refreshments will be served at the end.

Interested participants are encouraged to register at the earliest to secure their slots via the following Google Form:

https://forms.gle/mKxsr4A1UGrpo7DJ9

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.