Petrol price hiked by 75 paise, diesel by 50 paise, LPG cheaper by Rs 45

June 1, 2013

Petrol_price
New Delhi, Jun 1: Petrol price was today hiked by 75 paisa per litre and diesel by 50 paisa a litre as rupee hit 11-month low making oil imports costlier.

The increase in rates, which are excluding local sales tax or VAT, will be effective from midnight tonight, Indian Oil Corp, the nation's largest oil firm, said.

Petrol price in Delhi was hiked by 90 paisa to Rs 63.99 a litre from Rs 63.09 currently, while diesel will cost Rs 50.25 per litre from tomorrow as against Rs 49.69 currently.

Also, the oil companies cut price of cooking gas (LPG) that consumers have to buy beyond their quota of nine subsidised cylinders in a year, by Rs 45 per bottle.

PETROL-CHART

PETROL

Current Price | Revised Price | Increase

Delhi | 63.09 | 63.99 | 0.90

Kolkata | 70.35 | 71.29 | 0.94

Mumbai | 69.73 | 70.68 | 0.95

Chennai | 65.90 | 66.85 | 0.95

DIESEL

Current Price | Revised Price | Increase

Delhi | 49.69 | 50.25 | 0.56

Kolkata | 53.97 | 54.56 | 0.59

Mumbai | 56.04 | 56.66 | 0.62

Chennai | 52.92 | 53.53 | 0.61

Non-subsidised domestic LPG in Delhi will now cost Rs 802 per 14.2-kg cylinder as against Rs 847 currently.

The increase in petrol price is the first in three months, the last hike being on March 1. Since then, petrol prices had been cut four times on falling global oil prices.

For diesel, this is the fifth increase in rates this year.

State-owned oil firms had been in January authorised to raise diesel prices by up to 50 paisa per litre every month till entire losses on the fuel are wiped out. Diesel price was last hiked by 90 paisa a litre on May 11 after the companies skipped raising rates in April to avoid troubles for the government during the Budget session of Parliament.

Petrol in Mumbai will cost Rs 70.68 a litre from tomorrow as against Rs 69.73 currently, while diesel prices was raised by 62 paisa to Rs 56.66.

"Prices of petrol were last revised downwards on May 1 by Rs 2.50 per litre (excluding state levies). The current increase is required mainly due to depreciation of rupee from Rs 54.26 to a US dollar to Rs 55.32 per USD," IOC said.

Despite the fifth increase in diesel rates, oil firms are losing Rs 4.87 per litre on the nation's most consumed fuel.

"In addition to diesel, oil marketing companies continue to suffer under-recovery (loss) on sale of kerosene of Rs 27.75 per litre and LPG of Rs 334.50 per cylinder," IOC said.

The price of non-subsidised cooking gas, which was cut by Rs 54 per cylinder from May 11, has further been reduced by Rs 45 per 14.2-kg bottle. The price of a 14.2-kg LPG cylinder that consumers buy beyond their quota of 9 subsidised cylinders has been reduced to Rs 802 from Rs 847.

Rates will vary in different cities, depending upon local sales tax or VAT.

This is the third time that the price of non-subsidised LPG cylinder have been slashed since April. Price was last cut by Rs 54 to Rs 901 on May 1 and by Rs 3 on April 1.

After accounting for local VAT, petrol prices was cut by Rs 3 per litre on May 1, Rs 1.20 on April 16, Re 1 on April 1 and Rs 2.40 on March 16.

The government had in January allowed oil firms to raise diesel prices in small dozes of 40-50 paisa per litre every month till such time that losses on fuel sales are wiped out.

Prior to today's increase, diesel price had been hiked four times, the last being on May 11 when it was raised by Rs 1.02 a litre.

Before that diesel prices were hiked on March 23 by 45 paisa, excluding VAT. Similar hikes had taken place in January and February, but prices were not changed in April when Parliament's Budget session was on. So from May 11, oil firms effected hike for two months - April and May, totalling about a rupee.

"Further, in pursuant to Government of India order dated January 17, oil marketing companies have been authorised to increase the retail selling price of diesel within a small range every month until further orders. Accordingly, since then, retail diesel prices are being revised every month," IOC said.

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News Network
September 25,2024

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In a significant development, a special court tasked with handling cases against Members of Parliament and Members of Legislative Assemblies (MP/MLAs) has ordered that a First Information Report (FIR) be filed regarding the Muda case.

Additionally, the Karnataka Lokayukta, which is an anti-corruption body, has been tasked with investigating allegations against Siddaramaiah, who is reportedly involved in the case.

The court instructed the Lokayukta (an anti-corruption authority) to provide a report within three months. It also ordered the relevant authorities to file a First Information Report (FIR) regarding the case.

Judge Santhosh Gajanan Bhat issued the directive, compelling the Mysuru Lokayukta police to commence an investigation following a formal complaint lodged by Snehamayi Krishna. 

The Karnataka Lokayukta in Mysuru is required to carry out the investigation under Section 156 (3) of the Criminal Procedure Code, which mandates the registration of a First Information Report (FIR).

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News Network
September 28,2024

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Bengaluru, Sep 28: The Special Investigation Team (SIT) probing charges against arrested Karnataka BJP MLA N. Munirathna Naidu, including allegations of rape, honey-trapping, and other offences, on Saturday conducted raids at his residence and 15 other locations across the city.

Sources confirmed that the raids were taking place at his Vyalikaval residence and other properties owned by the BJP MLA. The operation is being conducted by the SIT under the Criminal Investigation Department (CID) led by ACP Kavitha.

The team is examining documents, electronic devices, and other materials related to the rape and honey-trapping case. The SIT is being supported by experts from the Forensic Science Laboratory (FSL), with Superintendent of Police (SP) Sowmya Latha also participating in the search and inspection at Munirathna’s Vyalikaval residence.

According to sources, the raids were triggered by information provided by the victim, who alleged that Munirathna recorded footage of sexual assaults and used it to blackmail politicians and public servants, including IAS and IPS officers.

The victim reportedly revealed that she was used to entrap the woman who had lodged a rape case against a senior IFS officer. She was allegedly instructed to frame the rape victim in a drug peddling case.

The complainant told police that she was tasked with capturing compromising videos of the rape victim who had filed the case against the IFS officer. She claimed that, after several failed attempts to obtain the videos, the victim was drugged with sleeping pills, and obscene footage was recorded without her consent. Later, the IFS officer was bailed out from the charges.

Furthermore, the complainant has accused MLA Munirathna of raping her at his office within the state legislature, in his official vehicle, and at his godown. She has alleged that he recorded videos of these assaults.

Police sources also revealed that the victim in the MLA's case provided details of a plot involving sending HIV-infected women to Munirathna's targets in an attempt to ruin them politically and personally. She also disclosed the names of several politicians whom she had entrapped through honey-trapping.

The woman further claimed that Munirathna had threatened to have her son kidnapped and killed if she refused to comply with his demands. According to her, the MLA had a well-organised team dedicated to carrying out these honey-trapping operations, and she provided details about his close associates and relatives involved in the scheme.

Munirathna, who was in judicial custody following his arrest in the rape and honey-trap case, has now been taken into the custody of the SIT.

The MLA was transferred from Bengaluru Central Jail to the CID office on the night of September 24. The BJP legislator, however, has denied all the allegations, claiming they are false.

Karnataka Congress leader D.K. Suresh had alleged that Munirathna was trying to infect his adversaries with HIV and that the government should investigate the matter.

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News Network
October 7,2024

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Mangaluru, Oct 7: In a heartbreaking turn of events, the search for Mumtaz Ali, chairman of Misbah Group of Educational Institutions, ended with the discovery of his mortal remains in the Phalguni river near Kulur. The somber discovery came after an exhaustive search, leaving a community in shock and sorrow.

He is the younger brother of former MLA Mohuiddin Bawa and former MLC B M Farookh. 

The incident has taken a deeply distressing turn with the filing of an FIR against six individuals, including a woman, who are accused of pushing Ali to a tragic end. 

The accused allegedly blackmailed Ali, fabricating a story about his involvement in an illicit relationship with the woman. Reports suggest that they extorted Rs 50 lakh from Ali and were unrelenting, demanding an additional Rs 50 lakh from him, casting a shadow over his final days.

The complaint, lodged by Ali’s grieving brother, accuses these individuals of driving him to despair through relentless blackmail and false accusations, ultimately leading him to take the tragic step.

In the early hours of Sunday, Ali left his home at 3 am, heading towards Suratkal, perhaps seeking some solace. A minor accident occurred when his car collided with a private bus near MCF. Despite the mishap, he offered a heartfelt apology to the bus driver and conductor—a gesture that now echoes with the pain of his unspoken struggles. After the collision, Ali made a U-turn near Panambur circle, driving back towards Kulur bridge, where his journey came to a sorrowful end.

Ali’s last moments hold an even deeper sadness, as he left behind a voice message in Byari, naming an individual who had been tormenting him mentally. Sent to his daughter and a close friend, the message revealed the unbearable burden he was carrying, hinting at his final decision to end his suffering.

This tragic loss has left the community and his loved ones grappling with unanswered questions and a profound sense of grief. As the investigation unfolds, the memory of Mumtaz Ali lingers, a reminder of the silent battles that too often go unseen.

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