Skip to main content

Diesel, Petrol Prices Do Not Change After Two Days: By ABR Venture Financial Services

After the rise in crude oil prices, the government, which is saving the common man from inflation, is constantly declining diesel prices. Indian Oil Corp Ltd, the nation's largest oil company, has cut diesel prices again on Thursday, July 11 after two days of stability. This time the price of diesel has been cut from 12 to 17 paise. However, there has been no change in petrol prices.

Diesel prices in four metros of the country

Diesel prices have been cut by 15 paise to 66.34 per liter in the national capital Delhi. In Kolkata, diesel has been cheaper by 12 paise to Rs 68.37 per liter. After deduction of 16 paise, diesel in Mumbai is getting Rs 69.53 per liter. In Chennai it has the highest 17 paise and now its new price has gone up to 70.07 per liter.
Image result for petrol picture

Due to the decreasing price of diesel

According to experts, most diesel is used in cargo transport. Recently, the increase in diesel prices in the budget was more than 2 rupees and there was a possibility of an increase in inflation. Diesel prices are continuing to curb rising price rise of diesel prices.

Crude oil crosses $ 67 a barrel

Crude oil prices are once again seen in the international market. Brent crude was trading 0.43 percent higher at $ 67.43 a barrel in the morning session on Thursday. WTI crude is trading 0.58 percent higher at $ 60.78 a barrel.
Labels:

Comments

Post a Comment

Popular posts from this blog

Retail Inflation Inches Up To 3.18 Percent in June, But Well Below RBI Target

The latest price data released by the Central Statistics Office showed that consumer price index (CPI)-based inflation, which measures changes in shop-end prices, remained comfortably within/breached the Reserve Bank of India's target level of 4 percent. India's retail inflation for June inched up to 3.18 percent from 3.05 percent in May. The latest price data released by the Central Statistics Office showed that CPI-based inflation, which measures changes in shop-end prices, remained comfortably within RBI's target level of 4 percent. Food prices, which is a gauge to measure changes in kitchen budgets, grew 2.1 percent in June compared to 1.83 percent in May. Inflation rate in cereals and products stood at 1.3 percent in June as against 1.24 percent in May while vegetables inflation stood at 4.66 percent in June as against 5.46 percent in May. A reading below the RBI inflation target will likely support the RBI's decision last month to cut interest rates to bo...
Post a Comment
Read more

IndiGo Co-promoters Rakesh Gangwal and Rahul Bhatia Take Steps to Resolve Differences

He two co-promoters of IndiGoNSE 4.70 % - Rakesh Gangwal and Rahul Bhatia - have taken steps to resolve differences The spat between the two co-promoters had reached the government's doorsteps when rakesh gangwal sought the regulator as well as government's intervention on the issue of related party transactions which he had earlier highlighted. The talks between the two feuding camps were brokered by IndiGo chairman M Damodaran. According to the report, IndiGo will have four independent directors from the current two. Rakesh Gangwal will have one nomination on the board while Rahul Bhatia can nominate five board members Sources close to Interglobe enterprise told ET that both the parties have the approved these changes. “Board will also have a strength of 10 members now. Out of that, 4 will be independent directors, 5 members will be from Interglobe Enterprise and Gangwal will also be a member. The board will also have an independent woman member,” When contacted, G...
Post a Comment
Read more

Cement Stocks Under Pressure; HIL Slips Over 6%

Most cement stocks were trading in the red in Monday's afternoon session. Shares of HIL (down 6.26 per cent), Burnpur Cement (down 4.83 per cent), Sahyadri Industries (down 4.62 per cent), Sagar Cements (down 4.18 per cent), Star Cement (down 4.04 per cent), Everest Industries (down 3.90 per cent), GPT Infra projects (down 3.90 per cent), APCL (down 3.28 per cent), J K Cements (down 3.16 per cent), Morganite Crucible (India) (down 2.99 percent), Heidelberg Cement India (down 2.93 percent. Sanghi Industries (down 1.96 per cent), Ramco Industries (down 1.92 per cent), Panyam Cements & Mineral Industries (down 1.91 per cent), Shree Cement (down 1.81 per cent), Shree Digvijay Cement (down 1.77 per cent), K C P (down 1.67 per cent), Indian Hume Pipe Company (down 1.55 per cent), Kakatiya Cements Sugar & Industries (down 1.41 per cent), Birla Corporation (down 1.22 per cent), Deccan Cements (down 1.07 per cent) too were trading with losses. Meanwhile , Raasi Refractorie...
7 comments
Read more