Transport fuels keep rising, petrol in Delhi nears Rs 84/litre
New Delhi, Oct 2 : Transport fuel prices continued on the daily record-breaking upward movement on Tuesday, with petrol inching closer to Rs 84 in Delhi, having already crossed the Rs 91 a litre mark in Mumbai the previous day.
In the national capital, petrol cost Rs 83.85 per litre, up from Rs 83.73 on Monday, data on the Indian Oil Corp website showed.
Petrol prices in the other key cities of Mumbai, Kolkata and Chennai on Tuesday are at Rs 91.20, Rs 85.65 and Rs 87.18 per litre respectively -- all new levels -- higher than the respective highs of Rs 91.08, Rs 85.53 and Rs 87.05 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, the cost of diesel also rose to new highs on Tuesday.
Prices of the fuel in Delhi, Kolkata, Mumbai and Chennai were Rs 75.25, Rs 77.10, Rs 79.89 and Rs 79.57 a litre respectively, up from the Monday's Rs 75.09, Rs 76.94, Rs 79.72 and Rs 79.40 respectively.
Meanwhile, air travel is set to become costlier with oil state-run oil marketers on Monday raising the price of aviation turbine fuel (ATF), or jet fuel, by 7.25 per cent.
A kilolitre of ATF is now priced at Rs 74,177 in Mumbai and Rs 74,567 in Delhi. Jet fuel prices are revised on the first of every month.
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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.
