Petrol prices rise for 14th straight day; cross Rs 78 mark in Delhi
New Delhi, May 27: Domestic petrol prices increased for the 14th consecutive day on Sunday, with the key transportation fuel being sold at Rs 78.12 per litre in the national capital.
According to the data from oil marketing major IndianOil, petrol price rose to Rs 78.12 in Delhi from Rs 77.97 a litre on Saturday.
Along with Delhi, prices in Mumbai and Chennai have already reached record levels. In Mumbai and Chennai, petrol was sold at Rs 85.93 and Rs 81.11 a litre, respectively, up from Rs 85.78 and Rs 80.95 per litre on Saturday.
In addition, price in Kolkata inched up to Rs 80.76, against 80.61 per litre on the previous day.
The surge in petrol prices is largely attributed to the recent rise in crude oil cost and the high excise duty levied on the particular fuel type in the country.
Diesel cost, which is already at record levels across the major cities, rose to Rs 69.06, Rs 71.61, Rs 73.53 and Rs 72.91 a litre on Sunday in Delhi, Kolkata, Mumbai and Chennai, respectively.
However, consumers can expect some relief as the Brent crude oil prices have eased to around $76 from $78 per barrel on Friday.
As per the country's pricing mechanism, the domestic petrol prices are dependent on the international fuel price on a 15-day average.
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IPL mega auction to be held in Jeddah in Saudi Arabia on November 24, 25: BCCI
New Delhi, Nov 5: The mega auction ahead of the Indian Premier League 2025 will be held in Jeddah, Saudi Arabia, on November 24 and 25, the BCCI announced on Tuesday.
This is the second successive year the auction is being held overseas as Dubai hosted the previous one ahead of the IPL 2024.
The player registration officially closed on Monday and a total of 1,574 cricketers (1,165 Indian and 409 overseas) have been signed up for the auction, which will clash with the third and fourth day’s play of the first Test between India and Australia in Perth, which begins on November 22.
Each franchise will be able to form a maximum squad of 25 players (including respective retained players), and a total of 204 slots will be up for grabs from the auction.
The list includes 320 capped players, 1,224 uncapped players and 30 players from the Associate Nations.
Among capped players, 48 are from India. Moreover, 965 uncapped players of the country will also be part of the auction.
This year’s auction will feature some high-profile India stars such as Rishabh Pant, KL Rahul, Shreyas Iyer and Arshdeep Singh.
The 10 franchises will collectively have around Rs 641.5 crore to spend for the available 204 slots.
Out of those 204 slots, 70 are earmarked for overseas players.
As of now, 46 players have been retained by the 10 franchises with cumulative expenditure of Rs 558.5 crore.
Each franchise was allocated Rs 120 crore to build their squads but after the retention process, which was announced on October 31, Punjab Kings have the biggest purse -- Rs 110.5 crore.
The Punjab outfit retained just two uncapped players -- Shashank Singh and Prabhsimran Singh for Rs 9.5 crore.
Rajasthan Royals, under Sanju Samson, have the smallest purse of Rs 41 crore after retaining six players.
The Kolkata Knight Riders have also retained six players but they have a remaining purse of Rs 51 crore.
