Prices of diesel may go up by Rs 4-5/ltre

May 28, 2012

dies

New Delhi, May 28: After a steep hike in petrol prices last week, the government is bracing itself to bite another bullet on diesel front whereas there are indications that there may be a slight cut in petrol price.

A ministers’ meeting on controlled fuel, coming anytime after May 31, may decide on a Rs 4 to Rs 5 per litre rise in diesel prices.

Official sources said the hike could be in the range of Rs 4 to Rs 5 per litre on diesel, although the demand was somewhere around Rs 12 per litre.

“The huge subsidy on diesel, LPG and Kerosene has almost thrown government’s finances in a disarray and the revision is warranted in order to check that,” the sources said on condition of anonymity.

The state-owned oil companies currently are losing Rs 512 crore per day on selling diesel, domestic LPG and kerosene. Diesel is currently sold at a loss of Rs 15.35 a litre, kerosene at Rs 32.98 per litre loss and oil firms lose Rs 479 on sale of every 14.2 kg domestic LPG cylinder.

However, there was no reason given behind why the meeting would take place only after May 31, but analysts said that the government battling a backlash from within and outside due to a steep Rs 7.50 a litre hike in petrol prices, is perhaps buying time to let frayed nerves cool before calling the Empowered Group of Ministers (EGoM), where UPA’s allies and critics of price hike, the TMC and DMK, are also represented.

The EGoM on oil headed by Pranab Mukherjee was due to meet last week. The ministers’ meeting on revision of diesel, LPG and kerosene prices has not taken place since July 2011.

Petrol price cut

Amid protests and a call for an opposition-sponsored bundh on May 31, a slight revision in petrol prices is possible before this month end, a little ahead of the next revision cycle for petroleum prices.

“We are planning to revise petrol prices as the global crude has stabilised in the past fortnight. The volatility in rupee is still posing some problem, but we will see how far it can be done,” a top source from one of the leading oil companies told Deccan Herald.

“The revision may even come before May 31,” he said without giving details of how much cut could be effected. But sources said the cut could be to the tune of Rs 2 to Rs 3.

Oil companies revise petrol prices on the 1st and 16th of every month on the basis of average international price of crude and exchange rate during the previous fortnight.

A day after the steepest ever hike to the tune of Rs 7.50 per litre in petrol prices, Indian Oil Company chairman R S Butola had said the firms will pass on the benefit to consumers in the next revision cycle as the international oil prices showed some softening trend.

But, analysts are reading the possible revision ahead of the schedule as government’s strategy to avoid any confrontation with the Opposition.

Aware of widening price difference between petrol and diesel, the finance ministry is looking at the possibility of raising excise duty on diesel cars, a demand which was overlooked in the Budget 2012-13.

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News Network
January 7,2020

Mumbai, Jan 7: Facing criticism from social media and political quarters for holding a 'Free Kashmir' poster during a protest against violence at Jawaharlal Nehru University (JNU), Mehak Prabhu, a Mumbai-based storyteller, on Tuesday clarified that she meant to highlight the restrictions imposed in Jammu and Kashmir and wishes to see peace in the region, adding she had no other motive behind her actions.

"At around 7 pm yesterday, I reached where the protest was happening at the Gateway of India. Like anybody else who believes in democracy, I also joined that protest. We were standing for justice to the JNU students," Prabhu said in a video posted on Facebook.

"I saw a bunch of people who were painting placards on every issue like NRC, CAA and for JNU students. There was a placard lying on the side which said 'Free Kashmir'. The first thing which came to my mind when I saw that placard was about the basic constitutional rights of Kashmiris," she said.

Prabhu also said that she was not a Kashmiri and was brought up in Mumbai. She outlined that she was standing with a flower in her hand and asserted that the entire matter was "completely blown out of proportion".

"I was quietly standing with a flower in my hand. This means we need to make peace together. That was my only intention in holding that placard. The narrative that has been put out is absolutely wrong," she said, describing the reactions to the matter was "crazy".

The Mumbai-based storyteller underlined that the incident is scary and urged the people to spread the words of what she said and not hatred.

"The way it has gone, it is very scary. I am a simple person. As a woman, it is very scary for my safety right now. Spread this side of my story and let's stop it here. Let us not spread the hate. It has happened to me, it can happen to anyone. We should not live in fear," Prabhu further said.

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News Network
March 9,2020

New Delhi, Mar 9: The Centre and the Delhi government are working in close coordination to deal with coronavirus, Chief Minister Arvind Kejriwal said here on Monday.

Talking to reporters after a review meeting with Union Health Minister Harsh Vardhan on the preparedness for COVID-19, the chief minister said people arriving from foreign countries are being screened at airports.

A campaign will be run to make people aware of the preventive measures to contain the spread of the disease, Kejriwal said.

Health Ministry sending directives to states: Vardhan

Health Minister Harsh Vardhan said the government is prepared to deal with novel coronavirus and his ministry is sending directives, including guidelines, to states in all the languages on ways to contain it.

"We are sending detailed guidelines to all states on ways to contain coronavirus. Have asked states to strengthen laboratories and manpower to effectively deal with coronavirus and form early rapid action teams," Vardhan told reporters adding, that the government is prepared to deal with the infection.

Vardhan stressed on a coordinated action between all concerned departments and agencies for activities such as contact tracing, community surveillance, hospital management, identification of isolation wards, ensuring adequate personal protection equipment and masks and risk communication for mass awareness.

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News Network
March 4,2020

New Delhi, Mar 4: A court in Delhi on Wednesday convicted expelled BJP MLA Kuldeep Singh Sengar of culpable homicide not amounting to murder in the death of the Unnao rape victim's father.

District judge Dharmesh Sharma said Sengar had no intention of killing the victim's father. “He was beaten in a brutal manner that led to his death,” the judge said.

The court had sent Sengar to jail on December 20 for the “remainder of his natural biological life” for raping the woman in 2017, when she was a minor.

The Central Bureau of Investigation (CBI) had examined 55 witnesses in support of the case and the defence examined nine witnesses.

The court had recorded the statements of the rape survivor's uncle, mother, sister and one of her father's colleague who claimed to be an eyewitness to the incident.

Charges were framed against Sengar, his brother Atul, Bhadauria, sub-inspector Kamta Prasad, constable Amir Khan and six others in the case.

The case was transferred to Delhi from a trial court in Uttar Pradesh on the directions of the Supreme Court on August 1 last year.

In July, 2019 a truck rammed into the car the rape victim was travelling in with some family members and her lawyer.

Two of her aunts died in the incident. She was airlifted from a hospital in Lucknow and to AIIMS in Delhi.

The victim has been provided accommodation in Delhi and is under CRPF protection.

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