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Petrol Nears ₹80 Mark, Diesel At New High After 16th Price Hike In A Row
Petrol Price On Monday Was Hiked By 33 Paise Per Litre And Diesel By 58 Paise To Take Retail Rates To Record High As The Oil Companies Increased Prices For The 16th Day In A Row.
Petrol Price In Delhi Was Hiked To ₹79.56 Per Litre From ₹79.23 While Diesel Rates Were Increased To ₹78.55 A Litre From ₹78.27, According To A Price Notification Of State Oil Marketing Companies.
In 16 Days, Petrol Price Has Been Hiked By ₹8.3 Per Litre And Diesel By ₹9.46 – A Record Increase In Rates Of The Fuel In Any Fortnight Since Pricing Was Deregulated In April 2002.
Rates Have Been Increased Across The Country And Vary From State To State Depending On The Incidence Of Local Sales Tax Or Value Added Tax (VAT).
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The Increase In Rates Since June 7 Is The Highest In Any Fortnight. When Petrol And Diesel Pricing Was Deregulated In April 2002, Oil Companies Revised Rates Every Fortnight In Line With The Cost. They Switched To Daily Price Revision In May 2017 To Allow Cost To Reflect Instantaneously In Retail Rates.
According To Pricing Data, The Maximum Rates Have Increased In Any Fortnight Was ₹4 To ₹5 Per Litre.
The 16th Daily Increase In Rates, Since Oil Companies On June 7 Restarted Revising Prices In Line With Costs After Ending An 82-Day Hiatus In Rate Revision, Has Taken Diesel Prices To Fresh Highs. Petrol Price To Is At A Two-Year High.
Prior To The Current Rally, The Peak Diesel Rates Had Touched Was On October 16, 2018, When Prices Had Climbed To ₹75.69 Per Litre In Delhi. The Highest-Ever Petrol Price Was On October 4, 2018, When Rates Soared To ₹84 A Litre In Delhi.
Also Read: A ‘500 Years Old’ Temple, Submerged In The Mahanadi In Odisha, Is 60 Feet In Height.
In Mumbai, Petrol Price Has Gone Up From ₹86.04 Per Litre To ₹86.36 On Monday. Diesel Rates Have Increased To ₹77.24 A Litre From ₹76.69 A Litre, According To The Price Notification.
The 82-Day Freeze In Rates This Year Was Imposed In Mid-March Soon After The Government Hiked Excise Duty On Petrol And Diesel To Shore Up Additional Finances.
The Government On March 14 Hiked Excise Duty On Petrol And Diesel By ₹3 Per Litre Each And Then Again On May 5 By A Record ₹10 Per Litre In Case Of Petrol And ₹13 On Diesel. The Two Hikes Gave The Government ₹2 Lakh Crore In Additional Tax Revenues.
Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) And Hindustan Petroleum Corp Ltd (HPCL), Instead Of Passing On The Excise Duty Hikes To Customers, Adjusted Them Against The Fall In The Retail Rates That Was Warranted Because Of Fall In International Oil Prices To Two Decade Low. International Oil Prices Have Since Rebounded And Oil Firms Are Now Adjusting Retail Rates In Line With Them.
News Source: TheHindu
Also Read: What Makes Centre-State Relations Different In National Capital?
Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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