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Petrol prices hiked for 4th time in 6 weeks on weak rupee

July 15, 2013

Petrol_pricesNew Delhi, Jul 15: State-run oil marketing companies have hiked petrol prices for the fourth time in six weeks, mainly on account of the sharp depreciation in the Indian rupee. Petrol prices will become costlier by Rs. 1.55 a litre (without taxes) from Monday.

The revision in prices, as per the practice of changing rates in line with cost every fortnight, was due on Tuesday, July 16, but has occurred a day earlier.

Petrol will cost Rs. 1.86 per litre more (including taxes) in Delhi from Monday and sell for Rs. 70.44 a litre against Rs. 68.58. Oil firms had on June 1 raised the price of the fuel by 75 paise (excluding taxes) and followed it with a Rs. 2 per litre increase on June 16, and Rs. 1.82 on June 29.

The latest hike has negated the four reductions earlier this year that had brought down the rates to Rs. 63 at the beginning of May.

The hike is due to "the combined impact of deteriorating exchange rate and increasing international oil prices," Indian Oil said in a statement.

Crude for domestic consumption is mostly imported and as the rupee weakens importing crude becomes costlier as all global commodities are priced in dollar. The Indian rupee has fallen nearly 11 per cent from May 1, from a level of 53.80 to end at 59.56 on Friday. It is the worst performing currency in Asia.

"Since last price change, the downward spiral of rupee against the dollar has continued to reach a low of Rs. 60.03 per dollar as against Rs. 58.94 per dollar during the previous fortnight. Further, international MS prices have also shown an uptrend and increased from $115.29/barrel to $117.19/barrel," it said.

The rupee had hit a record low of 61.21 last week, but since then has steadied after the Reserve Bank and market regulator Securities and Exchange Board of India (Sebi) stepped in to stem the slide in the currency.

However, there will be no change in diesel prices just yet as the revision in its rates is due at the end of July. Petrol prices were deregulated in June 2010, but diesel prices continue to be controlled by the government.

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News Network
August 8,2020

Nagpur, Aug 8: "He was a great son and always the first one to help others in need. He sacrificed his life for the country," said Neela Sathe, the mother of late captain DV Sathe, who was flying the Air India flight that crash-landed at Kozhikode airport on Friday, claiming 18 lives.

Indian Army Retired Colonel Vasant Sathe and his wife Neela lost both their sons in line of duty. The couple is originally from Nagpur, Maharashtra.

Speaking to news agency, Neela broke into tears and said, "He was a great son and always the first one to help others in need. 

His teachers still appreciate him. During the Ahmedabad floods, he saved the children of the soldiers by lifting them in his arms. I wish God would have called us instead of him."

"Both our children sacrificed their lives for the country," she added.

Remembering DV Sathe's childhood, Neela talked about every that moment when he made his parents proud.

Neela told with great pride that Captain DV Sathe had received the Sword of Honor and had also won eight medals in the Air Force.

Neela last talked to DV Sathe over phone call a few days ago during which captain told her mother not to go out of the house amid COVID-19 crisis as if something happens to her, he won't be able to bear that.

Vasant, captain's father retired as a colonel after serving in the Army for 30 years, following the footsteps of their father, both his sons joined too the Army.

Their elder son Vikas, was in the Army, and at the age of 22, he was martyred in an accident in Ferozepur in 1981. Their younger son Deepak (DV Sathe), who served as a pilot in Air India after serving in the Indian Air Force, died in the plane crash on Friday.

An Air India Express plane carrying 190 passengers including 10 infants skidded while landing at Karipur Airport in Kozhikode on Friday evening.

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Agencies
June 9,2020

New Delhi, Jun 9: BJP leader Jyotiraditya Scindia and his mother Madhavi Raje Scindia have tested positive for COVID-19 and are currently undergoing treatment in a Delhi hospital, India Today reported on Tuesday.

They were admitted on Monday to Max Super Specialty Hospital, Saket, after the two complained of throat irritation and fever.

"Not so good news: @JM_Scindia and his mother have tested positive for corona, The former Cong turned BJP leader from MP has been admitted to hospital.. Wish him a speedy recovery!" tweeted Rajdeep Sardesai, consulting editor at the India Today group.

Breaking now: Not so good news: @JM_Scindia and his mother have tested positive for corona, The former Cong turned BJP leader from MP has been admitted to hospital.. Wish him a speedy recovery!  @IndiaToday

— Rajdeep Sardesai (@sardesairajdeep) June 9, 2020

Scindia, former Congress MP from Guna constituency in Madhya Pradesh, quit the party and joined BJP last March. Scindia, who was once Minister of State with independent charge for Power, is the BJP candidate for the upcoming Rajya Sabha elections from Madhya Pradesh.

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News Network
January 9,2020

New Delhi, Jan 9: JNU students who tried to march towards the Rashtrapati Bhavan on Thursday protesting the violence on the university campus were stopped by police and later detained.

The police also resorted to baton charge to control the mob who tried to block the traffic at Janpath. Using loudspeakers, the police also appealed to the crowd to maintain peace.

Before the students tried to proceed towards the Rashtrapati Bhavan, a delegation of JNU Students' Union and JNU Teachers' Association also met Human Resource Development (HRD) Ministry officials and demanded the removal of Vice-Chancellor M Jagadesh Kumar from his post.

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