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Petrol, Diesel Prices Will Go Up From April 1 As IOC Pumps Will Now Sell BS-VI Fuel

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Petrol, Diesel Prices Will Go Up From April 1 As IOC Pumps Will Now Sell BS-VI Fuel

Petrol and diesel prices will go up from April 1, the national oil marketer Indian Oil Corporation (IOC) said on Friday, as it is set to supply BS-VI fuel with low emissions by the said date. Company chairman Sanjeev Singh told reporters that the largest oil supplier has spent Rs 17,000 crore to upgrade its refineries.

Without disclosing the amount of the price increase, Singh said, ‘There will definitely be a slight increase in the retail prices of fuel from 1 April when the entire country will run on new fuels, with sulfur amounting to only 10 million (ppm). Compared to the current 50 ppm.

Singh said, “I assure you, we will not burden consumers. ”

He said, Government Oil Marketing Companies (OMCs) have invested Rs 35,000 crore to upgrade their refineries, of which Rs 17,000 crore has been spent by IOC alone.

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Earlier this week, BPCL’s sell-off said it had invested around Rs 7,000 crore for it. HPCL, operated by ONGC, has not yet disclosed its readiness for BS-VI supply or its CAPEX on the same.

HPCL said from 26-27 February that it is ready with BS-VI fuel and will be selling only new fuel from 1 March.

Singh said that the IOC started BS-VI fuel production a fortnight ago and now all its depots and containers are ready.

However, he said it would take some more time to switch to some remote locations, where intake is very low. But the company plans to phase out the entire BS-IV stock and replenish new fuel at such locations.

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In addition, it is reported that companies will have to increase prices by 70–120 paise per liter, but Singh said, to reach such a weighted average is not possible given the complexities of each refinery.-7

However, he stressed that price increases will not be a burden on consumers.

We are not returning this investment on a pure investment basis, but it is a national mandate and we have done it.

Having said that, all those countries that moved to low-emission fuels are charging higher prices; And from April 1, our prices will be benchmarked against Euro VI prices, as opposed to the current practice of cost-plus models, Singh concluded.

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Also Read: 123 FIR’S, 630 PEOPLE ARRESTED OR DETAINED TILL DATE FOR DELHI RIOTS

Movie

The Madras High Court has granted early screenings of Vijay’s Leo movie from 7 AM, requesting the TN government to resolve any issues.

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The Madras High Court has granted early screenings of Vijay’s Leo movie from 7 AM, requesting the TN government to resolve any issues.

Madras High Court Grants Early Screenings of Vijay’s “Leo” Movie at 7 AM, Urges TN Government to Address Concerns

The Madras High Court has made a landmark decision in favor of the much-anticipated Tamil film “Leo,” starring actor Vijay. In a significant move, the court has granted permission for early screenings of the movie from 7 AM, urging the Tamil Nadu government to swiftly address any issues and facilitate the smooth release of the film. This decision marks a pivotal moment in the realm of Tamil cinema and the entertainment industry at large.

Historical Context:

The Indian film industry, particularly the Tamil film industry, has seen its share of controversies and challenges related to film releases. Issues such as censorship, political disputes, and public sentiment have often played a significant role in shaping the release schedules and screening times for films. Vijay, one of Tamil cinema’s most prominent actors, has been at the center of such controversies in the past. This decision by the Madras High Court is, therefore, particularly noteworthy.

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The Ruling:

The Madras High Court’s decision to permit early screenings of “Leo” comes as a response to a plea filed by the film’s producers. The court, while considering the plea, took into account various factors, including the film’s anticipated popularity and the prevailing circumstances. The court emphasized the importance of accommodating the audience’s interests and allowing them to enjoy the film without disruptions.

A Step Towards Normalization:

The court’s decision signifies a positive shift in the film industry, where release dates and screening times are often mired in controversy. By allowing screenings to commence at 7 AM, the court aims to reduce the chances of public unrest and congestion near theaters, especially in the wake of high-profile film releases.

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The Role of the Tamil Nadu Government:

The Madras High Court, in its ruling, also called upon the Tamil Nadu government to cooperate in ensuring a seamless release for the film. This cooperation extends to providing necessary security measures to maintain law and order around theaters during the early screenings.

Implications for the Entertainment Industry:

The decision is expected to set a precedent for the release of other highly anticipated films, not just in Tamil cinema but also in the broader Indian film industry. The court’s emphasis on the importance of accommodating the audience’s interests could lead to more flexible screening times for movies in the future.

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The Audience’s Perspective:

For moviegoers and fans of Vijay, this decision comes as a welcome relief. They can now look forward to enjoying the film without any undue delays or disruptions, ensuring a memorable cinematic experience.

In conclusion, the Madras High Court’s ruling to allow early screenings of Vijay’s “Leo” at 7 AM while urging the Tamil Nadu government to resolve any issues paves the way for a more audience-centric approach in the film industry. It is a landmark decision that highlights the importance of balancing the interests of filmmakers and the movie-loving public. This judgment is poised to make a positive impact on the release of future films, ushering in a new era of flexibility and convenience for cinema enthusiasts.

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