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Petrol Nears ₹80 Mark, Diesel At New High After 16th Price Hike In A Row

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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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Also Read: Actor Sushant Singh Rajput Committed Suicide At His Home In Bandra

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.

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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.

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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?

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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.

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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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