Petrol, Diesel Prices Hit All-Time High
New Delhi : Continuing the upward streak, the prices of petrol and diesel hiked again on Monday, hitting an all-time high in Delhi, Mumbai, Kolkata and Chennai. Oil marketing companies (OMCs) increased fuel rates for the ninth consecutive day. A litre of petrol is selling at Rs. 79.15 in Delhi, Rs. 86.56 in Mumbai, Rs. 82.24 in Chennai and Rs. 82.06 in Kolkata. Diesel rates on Monday were hiked by 39 paise a litre, the steepest increase since the daily revision in prices was introduced in mid-june 2017.
Diesel prices rose to its highest levels of Rs. 71.15 a litre in Delhi and Rs. 75.54 in Mumbai today. Diesel is retailing at a price of Rs. 75.19 per litre in Chennai and Rs. 74.00 per litre in Kolkata, according to daily price notification issued by state-owned oil firms.
Fuel prices vary from state to state due to local levies. The revised rates are applicable from 6 am on September 3, 2018. The surge in fuel prices is largely attributed to the recent rise in crude oil cost and the high excise duty levied on transportation fuel in the country.
Since August 16, petrol prices have risen by over Rs. 2 per litre. Diesel prices on the other hand have risen by Rs. 2.42 a litre during this period. Diesel rates had hit Rs. 69.31 a litre on May 28, but this record was breached on August 27 and on Monday they hit a fresh high.
According to officials, the spike in rates is on account of exchange rate falling to a record Rs.71 to a dollar, depreciating by Rs. 2.5 in a month. Also, crude oil has gained $7 a barrel in a fortnight, driven by fears that the US sanctions on Iran will likely contract supplies, reported news agency Press Trust of India (PTI).
Globally, oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once US sanctions bite from November. Output from the producer cartel of the Organization of the Petroleum Exporting Countries (OPEC) rose by 220,000 barrels per day (bpd) between July and August, to a 2018-high of 32.79 million bpd, a Reuters survey found.
Many analysts have warned that an economic slowdown because of trade disputes between the United States and other major economies including China and the European Union would drag on oil demand, reported Reuters.
Meanwhile, the Indian rupee recovered from all-time low of 71 and rose by 23 paise to 70.77 against the US dollar in early trade today on robust GDP (Gross Domestic Product) growth data for the April-June quarter of current fiscal.
courtesy : ndtv.com
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Assam records nearly 18 pc voter turnout in first two hours of assembly polls
Guwahati (PTI): A voter turnout of 17.87 per cent was recorded in the first two hours of the assembly elections in Assam, where the BJP-led NDA is seeking a third consecutive term in power, while the Congress is striving to reclaim a state it lost a decade ago.
Polling began at 7 am for the 126-member assembly, and 17.87 per cent of the state's 2.5 crore voters exercised their franchise till 9 am, officials said.
A total of 722 candidates are in the fray for the elections, which is largely witnessing a direct contest between the BJP-led ruling coalition and the opposition bloc helmed by the Congress.
The river island of Majuli recorded the highest turnout in the first two hours at 20.03 per cent, while Tamulpur in the Bodoland Territorial Region witnessed the lowest at 15.32 per cent.
Voters began queuing outside polling booths since early morning, despite rain in many parts of the state.
Prominent candidates who have cast their votes so far include Leader of the Opposition Debabrata Saikia in Nazira, Assam Jatiya Parishad president Lurinjyoti Gogoi in Khowang, and BJP's Pradyut Bordoloi.
Votes are being cast at 31,490 polling stations across the 35 districts of the state, with polling concluding at 5 pm.
Among the heavyweight candidates whose fates would be decided in this election are Chief Minister Himanta Biswa Sarma, state Congress president Gaurav Gogoi, AIUDF chief Badruddin Ajmal and Raijor Dal leader Akhil Gogoi.
The Congress has fielded the highest number of candidates at 99, followed by the BJP with 90. The AIUDF has 30 candidates, while NDA constituents Asom Gana Parishad (AGP) and Bodoland People's Front (BPF) are contesting 26 and 11 seats, respectively.
In the opposition bloc, Raijor Dal is contesting 13 seats, Assam Jatiya Parishad (AJP) 10, CPI(M) 3 and APHLC 2. Other parties in the fray include AAP (18), UPPL (18), TMC (22), JMM (16), besides 258 Independents.
Algapur-Katlicherra and Karimganj South have the highest number of candidates at 15 each, while nine constituencies -- Rangia, Jagiroad (SC), Hojai, Naduar, Jonai (ST), Doomdooma, Mahmora, Teok and Lakhipur -- have only two candidates each.
