Petrol crosses Rs 91/litre in Mumbai, in Delhi nears Rs 84
New Delhi, Oct 1 : The petrol price crossed the Rs 91 per litre mark in Mumbai on Monday as transport fuel prices continued on their daily record-breaking movement with petrol going up on the day by 24 paise a litre and diesel by 30 paise.
In the country's financial capital, petrol on Monday cost Rs 91.08 per litre, up from Rs 90.84 on Sunday, data on the Indian Oil Corp website showed.
Petrol prices in the other key cities of Delhi, Kolkata and Chennai on Monday were Rs 83.73 , Rs 85.53 and Rs 87.05 per litre respectively -- all new levels -- higher than the respective highs of Rs 83.49, Rs 85.30 and Rs 86.80 on the previous day.
With petroleum still excluded from the GST regime, prices vary according to local taxes. Delhi has lower tax among the four major metros.
The increase in transport fuel rates comes amid surging crude oil prices. Currently, Brent crude oil is priced over $83 per barrel.
Sector experts also attribute the high domestic fuel prices to the high rate of excise duty across the country.
In tandem with petrol, cost of diesel also rose to hit new highs on Monday.
Prices of the fuel in Delhi, Kolkata, Mumbai and Chennai were Rs 75.09, Rs 76.94, Rs 79.72 and Rs 79.40 a litre respectively, up from the Sunday's Rs 74.79, Rs 76.64, Rs 79.40 and Rs 79.08 respectively.
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NATO, others turn down US call for help in Hormuz: Trump
Washington (PTI): President Donald Trump on Tuesday said NATO and most of US' other allies have rejected his calls to help secure the Strait of Hormuz as the war with Iran entered the third week.
In a social media post, Trump asserted that Iran’s military has been “decimated” and he no longer felt the need for assistance from NATO countries or anyone else.
Last week, Trump had sought help from European nations and others who depend on oil supplies transiting from the Hormuz Strait to safeguard the critical waterway.
“The United States has been informed by most of our NATO “Allies” that they don’t want to get involved with our Military Operation against the Terrorist Regime of Iran, in the Middle East, this, despite the fact that almost every Country strongly agreed with what we are doing, and that Iran cannot, in any way, shape, or form, be allowed to have a Nuclear Weapon,” the US President said in a post on Truth Social.
Iran's attacks on Gulf nations and its grip on the Strait of Hormuz, through which a fifth of the world's oil is transported, have sparked increasing concerns of a global energy crisis and are unnerving the world economy.
“I am not surprised by their action, however, because I always considered NATO, where we spend Hundreds of Billions of Dollars per year protecting these same Countries, to be a one-way street — We will protect them, but they will do nothing for us, in particular, in a time of need,” Trump said.
He said Australia, Japan and South Korea too have turned down his call for help.
“Fortunately, we have decimated Iran’s Military – Their Navy is gone, their Air Force is gone, their Anti-Aircraft and Radar is gone and perhaps, most importantly, their Leaders, at virtually every level, are gone, never to threaten us, our Middle Eastern Allies, or the World, again,” Trump said.
He said that given the scale of recent military successes, the US no longer "need" or desires assistance from NATO countries, adding that it never relied on such support in the first place.
Speaking as President of the United States, the "most powerful" country in the world, "we do not need" help from anyone, Trump said.
The West Asia conflict began on February 28 when the US-Israeli combine conducted airstrikes on Iran.
The Strait of Hormuz, the narrow waterway that connects the Persian Gulf to the open ocean, has effectively been shut following the US and Israel attack on Iran and Tehran's sweeping retaliation.
However, Iranian Foreign Minister Abbas Araghchi had said that from Tehran's "perspective", the strait is "open". "It is only closed to Iran's enemies, to those who carried out unjust aggression against our country and to their allies.”
Earlier in the day, a second Indian-flagged LPG tanker, Nanda Devi, reached the country after safely sailing from the war-hit Strait of Hormuz. On Monday, the first ship, Shivalik, reached Mundra port in Gujarat.
As of now, 22 Indian vessels remain on the west side and two on the east side of the strait.
Indian authorities are in constant touch with all the relevant stakeholders in the region to secure the safe passage of the remaining ships, officials said.
