Sushil and Aware strike gold, Babita settles for silver

New Delhi, Jun 14: Petrol price on Sunday was hiked by a record 62 paise per litre and that of diesel by 64 paise as oil companies for the eighth day in a row adjusted retail rates in line with cost since ending an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 75.78 per litre from Rs 75.16 while diesel rates were increased to Rs 74.03 a litre from Rs 73.39, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The 62 paise a litre increase in petrol and 64 paise hike in diesel price is the highest surge in rates since the daily price revision was started in June 2017.

This is the eighth daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus.

In eight hikes, petrol price has gone up by Rs 4.52 per litre and diesel by Rs 4.64 -- a record increase in rates in any eight days since the daily price revision was introduced.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

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 international oil prices falling to two-decade lows.

The government had first raised excise duty on petrol and diesel by Rs 3 per litre each on March 14 and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenues.

State-owned fuel retailers IOC, BPCL and HPCL had frozen petrol and diesel prices since March 16, as if anticipating the government move and set off gains they accrued from continuing drop in international oil prices against the excise duty hike.

They, however, promptly passed the increase in local sales tax or VAT by state governments such as Rs 1.67 increase in VAT on petrol and Rs 7.10 in diesel by the Delhi government on May 4.

The total incidence of excise duty on petrol has risen to Rs 32.98 per litre and that on diesel to Rs 31.83. The excise tax on petrol was Rs 9.48 per litre when the Narendra Modi government took office in 2014 and that on diesel was Rs 3.56 a litre.

The government had between November 2014 and January 2016 raised excise duty on petrol and diesel on nine occasions to take away gains arising from plummeting global oil prices.

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 government's excise mop up more than double to Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.

It cut excise duty by Rs 2 in October 2017 and by Rs 1.50 a year later. But it raised excise duty by Rs 2 per litre in July 2019.

It again raised excise duty on March 14 by Rs 3 per litre.

Karachi, Jul 3: Pakistan limited overs captain Babar Azam is tired of his constant comparisons with India skipper Virat Kohli and says he would rather be compared to the greats at home.

Babar, six years younger to Kohli, has a long way to go in getting close to Kohli's staggering numbers across formats. The India skipper has 70 hundreds to his name and averages more than 50 in all three formats.

"I would be more happy if you compare to me say a Javed Miandad, Muhammad Yousuf or Younis Khan. Why compare me to Kohli or any Indian player?" asked the 25-year-old, who is in England with the national team, said in an online media interaction on Thursday.

Babar has scored 16 international hundreds and averages more than 50 in ODIs and T20s. In 26 Tests, he has scored 1850 runs at 45.12.

He also said that he is not targeting any English bowler for the series next month.

"I don’t see who the bowler is or his reputation. I just try to play each ball on merit. England no doubt has a top bowling attack and they have advantage of playing at home but this is a challenge I want to score runs in," he said.

Before the squad’s departure for England, Pakistan batting coach Younis Khan said that pacer Joffra Archer will be a handful for the Pakistani batsmen.

Babar said that he would try to play every English bowler on merit but conceded that after getting runs in Australia last year, he was keen to leave his footprint in the coming Test and T20 series in England.

Reminded that some former Test players had already written off Pakistan for the England series, Babar said they were entitled to their opinion.

"But we don’t have a bad team and already we have been enjoying our training. It is good to be back on the field after such a long lay-off. I think we have the bowlers to trouble them like Abbas, Naseem, Shaheen and others while we have some experience in our batting line-up."

Babar said he would love to get a triple century in a Test match.

"When you score a century, you naturally want to go on and convert that into a double or a triple century. This is something I would like to do during the Test series.

"I like to play my natural game but my selection of shots depends on the conditions and bowlers."

Babar also ruled out any problems in the Pakistan dressing room due to the presence of former skipper Sarfaraz Ahmed, who was sacked last year.

But he said that since Muhammad Rizwan had been playing in all formats for Pakistan in recent times, he would be the starting keeper in the Test series ahead of Sarfaraz.

"I think we first have to give Rizwan a proper chance and Sarfaraz is there as back up."

Washington, May 17: The overall number of global coronavirus cases has increased to over 4.6 million, while the death toll has surpassed 311,000, according to the Johns Hopkins University.

As of Sunday morning, the total number of cases stood at 4,634,068, while the death toll increased to 311,781, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

The US currently accounts for the world's highest number of cases and deaths at 1,467,796 and 88,754, respectively.

In terms of cases, Russia has the second highest number of infections at 272,043, followed by the UK (241,461), Brazil (233,142), Spain (230,698), Italy (224,760), France (179,630), Germany (175,752), Turkey (148,067) and Iran (118,392), the CSSE figures showed.

Meanwhile, the UK accounted for the second highest COVID-19 deaths worldwide at 34,546.

The other countries with over 10,000 deaths are Italy (31,763), Spain (27,563), France (27,532), and Brazil (15,662).