Petrol, Diesel Prices Increased Again; Check Fuel Rates In Delhi, Mumbai, Other Cities
The prices of petrol and diesel were increased by the state-run oil marketing companies (OMCs) for fourth straight day on Sunday. According to the revised rate chart, petrol can be bought today for Rs. 76.85 per litre in Delhi. The petrol is available in Mumbai, Kolkata and Chennai for Rs. 84.29, Rs. 79.77, and Rs. 79.83, respectively. Diesel prices today stand at Rs. 68.32 per litre in Delhi, as stated by IOC (Indian Oil Corporation), the nation's largest fuel retailer. Diesel price in Mumbai is Rs. 72.53 per litre. Diesel price in Kolkata is Rs. 71.10 per litre. In Chennai, it is Rs 72.16 per litre. The new rates are applicable from 6 am on August 5, 2018.
Petrol prices in Delhi are the lowest among all metro cities on a daily basis due to lower sales tax or VAT (Value Added-Tax). Fuel prices in the country are largely determined by oil marketing companies according to global crude oil rates, rupee-dollar exchange rate, among several other factors. State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum revise fuel prices with effect from 6 am on a daily basis.
Meanwhile, Oil India Ltd said on Saturday that the current prices of crude oil are 'comfortable' for both the country and the state-owned company, as reported by news agency Press Trust of India (PTI). "Both India and our company are comfortable at $60 to 65, as the cost of production margin is reasonably good then. If the price is $65 to 70, we can recover our cost of production of $63," said Utpal Bora, Chief Managing Director, Oil India Ltd.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
