IOC resumes dynamic pricing, petrol near 5-year high in Delhi
New Delhi, May 14 : With the resumption of dynamic pricing system for transport fuels on Monday by the Indian Oil Corporation (IOC), petrol prices in the national capital shot up to 74.80 per litre.
The IOC had suspended dynamic pricing system for transport fuels for 19 days to "avoid creating unnecessary panic among the consumers".
In Delhi, petrol was priced at Rs 74.80 per litre on Monday, highest since September 2013, when it had hit Rs 76.06 a litre. The price was last changed on April 24 when it was at Rs 74.63 per litre.
In the other metropolitan cities of Kolkata, Mumbai and Chennai also petrol prices were at multi-year high levels of Rs 77.50, Rs 82.65 and Rs 77.61 a litre on Monday.
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 prices, diesel also rose to a fresh record high after the last price movement on April 24. Prices of diesel on Tuesday, in Delhi, Kolkata, Mumbai, Chennai were Rs 66.14, Rs 68.68, Rs 70.43 and Rs 69.79 per litre, respectively.
Prices did not change in the last 19 days, despite rise in international crude oil prices, which observers cited as a deliberate political move ahead of Karnataka polls. Brent crude oil is currently priced over $76 per barrel.
However, IOC Chairman Sanjiv Singh on May 8, said the dymanic pricing was suspended temporarily despite a rise in international rates, to avoid panic among consumers.
"We have decided to temporarily moderate retail prices by not passing on the required increase as we believe the current international oil product prices are not supported by fundamentals. So we have decided to wait for a while," Singh had said, adding: "Passing them on to consumers will unnecessarily create panic."
This temporary relief to consumer seems to have come to an end with the rise in prices on Monday.
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India harbouring big and bold dreams in space sector: Shubhanshu Shukla
Kolkata (PTI): Air Force Group Captain Shubhanshu Shukla, the first Indian astronaut to go to the International Space Station, on Wednesday said the country is harbouring “big and bold dreams”, foraying into human spaceflight after a hiatus of 41 years.
Shukla was the first Indian to visit the International Space Station as part of the Axiom-4 mission. He returned to India from the US on August 17, 2025, after the 18-day mission.
The space is a “great place to be”, marked by deep peace and an “amazing view” that becomes more captivating with time, he said, interacting with schoolchildren at an event organised by the Indian Centre for Space Physics here.
“The longer you stay, the more you enjoy it,” Shukla said, adding on a lighter note that he “actually kind of did not want to come back”.
Shukla said the hands-on experience in space was very different from what he had learnt during training.
He said the future of India’s space science was “very bright”, with the country harbouring “very big and bold dreams”.
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Shukla described his ISS flight, undertaken with support from the US, as a crucial “stepping stone” towards realising India’s ‘Vision Gaganyaan’.
“The experience gained is a national asset. It is already being used by internal committees and design teams to ensure ongoing missions are on the right track,” he said.
Shukla said the country’s space ambitions include the Gaganyaan human spaceflight programme, the Bharatiya Station (India’s own space station), and eventually a human landing on the Moon.
While the Moon mission is targeted for 2040, he said these projects are already in the pipeline, and the field will evolve at a “very rapid pace” over the next 10-20 years.
He told the students that though these targets are challenging, they are “achievable by people like you”, urging them to take ownership of India’s aspirations.
The sector will generate “a lot of employment opportunities” as India expands its human spaceflight capabilities, he noted.
Echoing the iconic words of India’s first astronaut Rakesh Sharma, Shukla said that from orbit, “India is still the best in the world”.
Shukla also asserted that the achievement was not his alone, but that of the entire country.
“The youth of India are extremely talented. They must stay focused, remain curious and work hard. It is their responsibility to help build a developed India by 2047,” he said.
Highlighting a shift from Sharma’s era, Shukla said India is now developing a full-fledged astronaut ecosystem.
With Gaganyaan and future missions, children in India will be able to not only dream of becoming astronauts, but also achieving it within the country, he said.
“Space missions help a village kid believe he can go to space someday. When you send one person to space, you lift million hopes. That is why such programmes must continue... The sky is not the limit,” Shukla said.
“Scientists must prepare for systems that will last 20-30 years, while ensuring they can integrate technologies that will emerge a decade from now,” he said.
Shukla added that he looked forward to more space missions, and was keen to undertake a space walk, which will require him to "train for another two years".
