Petrol continues to climb, diesel prices unchanged
New Delhi, Sep 21 : Petrol prices in Mumbai inched up to the psychological Rs 90 a litre-mark and sold at Rs 89.69 in the country's financial capital on Friday, even as the fuel climbed to fresh highs across the four metros, while diesel rates were unchanged for the third consecutive day.
In the national capital, petrol was sold at Rs 82.32 per litre, up from Rs 82.22 per litre on Thursday, data on the Indian Oil Corp's website showed.
In the other key cities of Kolkata and Chennai, the fuel was priced on Friday at Rs 84.16 and Rs 85.58 per litre, respectively, up from Rs 84.07 and Rs 85.48 per litre.
The cost of transportation fuel has been on the rise since August 1, largely because of high crude oil prices and a falling rupee. Depreciation in the Indian rupee against the US dollar makes the import of crude oil expensive as transaction is done in dollars.
Inflationary risks along with broadly negative global cues depressed the Indian rupee to a new low of 72.91 against the US dollar on Tuesday.
Prices of the other key transportation fuel, diesel, however, was unchanged on Friday for the third day in a row.
Diesel prices in Delhi, Kolkata, Mumbai and Chennai were unchanged at Rs 73.87, Rs 75.72, Rs 78.42 and Rs 78.10 per litre, respectively.
Sector experts feel that high excise duty in the country also aided the high prices.
Cost of the fuel in all the key cities except Kolkata are at their record levels. The all-time high price of diesel in the West Bengal capital was Rs 75.82, recorded on September 11.
Earlier this week, the West Bengal government reduced the excise on petrol and diesel by Re 1 per litre each.
The Karnataka government also announced on Monday that petrol and diesel would be cheaper by Rs 2 per litre each across the state from Tuesday following the reduction in cess on these fuels.
As per the country's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the rupee.
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.
Karnataka Assembly clears 12 bills, including Karnataka Rent Amendment Bill
Belagavi (Karnataka) (PTI): The state Assembly on Tuesday passed 12 bills, including the Karnataka Rent (Amendment) Bill.
The objects and reasons of the Rent Bill said that it has been introduced to achieve the principle of "Minimum Government Maximum Governance" by decriminalisation minor offences and rationalization of monetary penalties as envisaged in the Jan Vishwas (Amendment of provisions) Act, 2023.
ALSO READ: Will remain CM till high command wishes: Siddaramaiah
The amendment says that if any landlord or tenant fails to present copy of the lease agreement for registration as required under clauses (a) or (b) of sub-section (3) of Section 4 or fails to file the particulars as required under the proviso thereto, he shall on conviction be punishable with a fine up to Rs 2,000 or with simple imprisonment for a month or both. The same is applicable to middlemen involved in it.
The other bills that were cleared are the Karnataka Land Revenue (Second Amendment) Bill, The Greater Bengaluru Governance (Second Amendment) Bill, Sri Malai Mahadeshwaraswamy Kshethra Development Authority (Amendment) Bill, The Chandraguthi Shree Renukamba Kshetra Development Authority Bill and Shree Chamundeshwari Kshetra Development Authority and Certain Other Laws (Amendment) Bill.
The Karnataka Cine and Cultural Activists (Welfare) (Amendment) Bill, Karnataka Labour Welfare Fund (Amendment) Bill, Karnataka Hindu Religious Institutions and Charitable Endowment (Amendment) Bill, Karnataka State Universities (Second Amendment) Bill, Bayaluseeme Development Board (Amendment) Bill and Malnad Area Development Board (Amendment) Bill were also cleared.
