New Delhi, April 24: A rise in global crude oil cost to around $75 per barrel lifted the domestic retail petrol price higher for the sixth consecutive day in New Delhi on Tuesday.

Consequently, the widely-consumed transportation fuel became dearer by 13 paise to Rs 74.63 per litre from Monday's cost of Rs 74.50 per litre. 

As per data available on IndianOil's website, Tuesday's motor spirit price level in New Delhi was the highest since September 14, 2013 when it had touched Rs 76.06 a litre.

Besides New Delhi, petrol prices climbed to new multi-year highs in other major metro cities -- Kolkata, Mumbai and Chennai -- at Rs 77.32, Rs 82.48 and Rs 77.43 per litre respectively on Tuesday.

The previous highs in these cities were Rs 78.03 (Kolkata, August 2014), Rs 83.62 (Mumbai, September 2013) and Rs 77.48 (Chennai, September 2013).

Apart from petrol, diesel prices, too, touched record high levels on Tuesday in Delhi, Kolkata, Mumbai and Chennai. They rose to Rs 65.93, Rs 68.63, Rs 70.20 and Rs 69.56 per litre respectively.

According to analysts, the recent upsurge in the costs of transportation fuel have been triggered due to a rise in global crude oil prices.

On Tuesday, Brent crude price rose to $75 per barrel due to geo-political tensions in the Middle East, whereas it cost over $100 a barrel in 2013. 

Currently, prices of transport fuels are changed on a daily basis unlike the previous norm of fortnightly revisions. 

In addition, the high rate of excise duty has contributed to the rise of transportation fuel prices. 

In the Union Budget 2018-19, the government had reduced the basic excise duty on petrol and diesel by Rs 2. The government also abolished additional excise duty on fuel. But to compensate the move on the fiscal front, it increased the road cess to Rs 8 per litre.

Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.



New Delhi (PTI): A group of 345 Indian fishermen, who were stranded in Iran amid escalating regional tensions, returned to India via Armenia on Saturday, officials said.

External Affairs Minister S Jaishankar thanked his Armenian counterpart Ararat Mirzoyan for assistance in return of the Indian nationals.

The Indian nationals arrived in Chennai this evening, the officials cited above said.

The circumstances that led to them being stranded in Iran were not immediately known.

"Thank FM @AraratMirzoyan and the Government of Armenia for facilitating the evacuation of Indian fishermen today from Iran, through Armenia to India," Jaishankar said on social media.

Over 1,500 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict over a month ago.

"A group of Indian fishermen, stranded in Iran, are returning home via Armenia today; their flight is expected to reach India this evening," a government statement said.

It said the Ministry of External Affairs continues to closely monitor the evolving situation in the West Asian region, with the safety, security and welfare of the Indian community being accorded the highest priority.

It also made a mention of five Indians being injured in Abu Dhabi on Friday.

According to Abu Dhabi authorities, the Indian nationals were among the 12 people injured by debris from an intercepted missile.

"In an attack in Abu Dhabi, five Indian nationals were injured; four have been discharged, one remains under treatment," the Indian government's statement said.

It said the Indian mission in Abu Dhabi is extending "full" assistance and coordinating with local authorities, adding that their flight is expected to reach India this evening.