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.
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ED gets MHA sanction to prosecute Arvind Kejriwal in excise policy case
New Delhi (PTI): The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said.
The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money Laundering Act (PMLA) court here last year after arresting him in March.
The Ministry of Home Affairs (MHA) has recently granted the required sanction to the Enforcement Directorate (ED) for prosecuting Kejriwal under the anti-money laundering law in the Delhi excise policy case, officials said.
The development comes ahead of the Delhi Assembly on February 5.
Kejriwal has been made made an accused in his personal capacity as well as in the capacity of being the national convenor of his political party AAP.
The former chief minister was called the "kingpin and key conspirator" of the Delhi excise "scam" by the ED.
It was alleged that he acted in collusion with Delhi government minister, the AAP leaders and others.
The ED had earlier claimed that AAP, being a political party, is defined as an association or a body of individual citizens of India under the Representation of the People Act and hence it can be categorised as a "company" as contemplated under Section 70 of the PMLA.
As Kejriwal was "in-charge of and responsible" for the said company i.e. AAP during the time of offence, he and his party "shall be deemed guilty" of offences mentioned under the anti-money laundering law and liable to be prosecuted and punished, it had said.
The excise case pertains to alleged corruption and money laundering in formulating and executing the Delhi government's excise policy for 2021-22, which was later scrapped.
Delhi Lieutenant Governor V K Saxena had recommended a CBI probe into the alleged irregularities. Subsequently, the ED registered a case under the PMLA.
Taking cognisance of a CBI FIR lodged on August 17, 2022, the ED filed its money laundering case on August 22, 2022 to probe the alleged irregularities.
