Oil Minister Pradhan says no directive from govt to defer price hike
Oil Minister Pradhan says no directive from govt to defer price hike
Here is why oil marketing companies plunged in today's trade
13 April, 2018, 12:14
The rising crude oil prices will hurt oil marketing companies (OMCs) earnings.
HPCL is not aware of any directive from the government to absorb a part of the losses from higher crude prices, the company's chairman, MK Surana, said on the sidelines of the International Energy Forum in New Delhi.
Prime Minister Narendra Modi's administration wants to keep oil prices under check to shore up popular support ahead of a series state elections this year. "Retail prices on any day are based on 15-day average of worldwide rates", Singh added.
The proposed refinery will be capable of processing 1.2m barrels of crude oil per day - some of which will be Arabian crude - and produce a range of refined petroleum products, including motor spirit and diesel, which will meet Euro VI fuel specifications, International Olympic Committee said in a filing to the Bombay Stock Exchange (BSE). Since then, prices are revised on a daily basis.
However, oil companies dismissed any such directive from the Centre.
Incidentally, oil companies did not change rates at their pumps today. Besides global crude prices, government taxes - both at the central and state level- and marketing margins determine the final retail price. But the government had ruled out any such immediate reduction.
Alcohol guidelines in many countries may not be safe The more people drank, the higher the risk of a range of life threatening illnesses, including stroke and heart failure . A standard drink is defined as 12 ounces of beer or four ounces of wine, or 1.5 ounces of 80-proof spirits.
After hitting a low of Dollars 27.1 per barrel in 2016, Brent crude is now trading around USD 70 level. Today, petrol price was cut by 4 paisa to Rs 73.94 a litre, while diesel rate was cut by 3 paisa to Rs 64.93.
The government had between November 2014 and January 2016 raised excise duty, taking away gains arising from plummeting global oil prices.
At the same time, it is being speculated that the Centre has asked the PSU retailers not to pass on the higher prices of crude to consumers in the run-up to the general elections next year.
In all, duty on petrol rate was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months that helped governments excise mop up more than double to Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.
This is unedited, unformatted feed from the Press Trust of India wire.
Smith said the disposal fee is a "placeholder" and may cost less if school staff get some money back on the used textbooks. The two schools' combined projected enrollment estimate for next year was 242 students, according to district data.
Anish Bhanwala created history on Friday by becoming the youngest ever gold medalist at the Commonwealth Games (CWG) for India. Born in 2002, Anish Bhanwala is the youngest gold medallist for India in this edition of Commonwealth Games in Gold Coast .
There were signs of a global effort to head off a direct confrontation between Russian Federation and the West. His latest tweet, on Thursday evening, said: "Never said when an attack on Syria would take place".
Phil Murphy (D), New Jersey would be home to one of the most widespread automatic voter registration programs in the U.S. Under North Carolina law, people who register as a member of a particular political party only can vote in that primary.
His daughter thanked the Salisbury hospital staff, adding: "I have left my father in their care, and he is still seriously ill". The OPCW report states that the chemical the toxic substance was of high purity and contained nearly no impurities. "Mr.
They have been staying in an Unnao hotel since her father died, allegedly after being thrashed by the accused MLA's brother. Earlier on Thursday, the Allahabad High Court questioned the Uttar Pradesh government over the delay in Sengar's arrest .
Baltimore Police took Jill Blackstone into custody on suspicion of murder and animal cruelty at Johns Hopkins Hospital . According to TMZ , Blackstone's sister, Wendy, "died in 2015 from a combination of carbon monoxide poisoning and Xanax.
The teen's parents then used an app to track his cellphone and called police, reporting that their son was missing, police said. About 800,000 Honda Odyssey vans were recalled in 2017 because of a problem with second-row seats accidentally tipping forward.
Led by their top line, the Bruins applied some pressure the other way after Toronto fired off the first five shots of the period. Toronto killed off two penalties to start the third, but Kuraly made it 4-1 when he batted the puck out of mid-air at 7:41.
Russia appears to move warships away from Syrian danger zone
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Trump convenes task force to study US Postal System
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AP Inter 2nd Year Results released Check now at rtgs
The Intermediate Board Exams for Class 12 students are conducted by the Board of Intermediate Education, Andhra Pradesh (BIEAP). The students can also check their AP Intermediate general and vocational result 2018 on the official website.
Mercury Protocol (GMT) went up 0.06% in 24 hours
XPA has a market cap of $12.38 million and approximately $48,485.00 worth of XPA was traded on exchanges in the last day. MinCoin (MNC) had a good 24 hours as the crypto jumped $0.000139999999999998 or 0.79% trading at $0.01782.
One killed as Israel hits Hamas-linked site in Gaza
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Man breaks through wall to steal electronics
Saturday, 3:09 p.m. - Police cited two people for open container in the 300 block of East Main Street. He was located a short distance from where the officer last saw him and he was arrested.
'Broad City' will go out on top - next year
It's been a phenomenal experience, and we've put ourselves into it completely", Glazer and Jacobson said in a joint statement. Until then lets all drown our sorrows by remembering the greatest gift/curse that this pearl of a show gave us.
Assistant principal arrested on DUI charge
The off-duty officer noticed Grigsby's eyes were glossy and appeared to be under the influence of an unknown alcoholic beverage. Witnesses told police Thomaszewicz was driving northbound at more than 60 miles per hour and passing other northbound traffic.