Petrol, diesel prices hiked again, scale new highs
New Delhi: Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the prices to new highs.
Petrol now costs Rs 84.70 per litre in Delhi and diesel is priced at Rs 74.88, according to a price notification from oil marketing companies.
This is the second straight day of a price increase. Rates were hiked by 25 paise each on Wednesday after a five-day hiatus.
In Mumbai, the price of petrol was increased to Rs 91.32 a litre from Rs 91.07 previously, while diesel rates went up from Rs 81.34 to Rs 81.60 per litre.
Petrol price is at a record high in Delhi and is just a shy away from the highest ever rate of Rs 91.34 in Mumbai. Diesel price in Mumbai is at an all-time high.
State-owned fuel retailers -- Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- had on January 6, resumed daily price revision after nearly a month-long hiatus.
Rates were hiked on two consecutive days - totalling 49 paise for petrol and 51 paise for diesel - before they hit a pause button again.
The price increase cycle resumed on Wednesday, after international oil prices rose to their highest level since February 2020, before the coronavirus outbreak in China began spreading across the world, forcing lockdowns that shaved off demand.
Rates, however, eased a bit on Thursday with Brent down 11 cents to USD 55.95 per barrel while NYMEX light sweet crude was down 10 cents at USD 52.81.
The highest ever rate of diesel in Delhi was touched on October 4, 2018, when it touched Rs 75.45 a litre mark. On that day petrol was priced at Rs 84. In Mumbai, the highest level for petrol was also on the same day when it scaled to Rs 91.34.
The government had responded to the situation in October 2018, by cutting excise duty on petrol and diesel by Rs 1.50 per litre in a bid to ease inflationary pressure and boost consumer confidence. Alongside, state-owned fuel retailers cut prices by another Re 1 a litre, which they recouped later.
Though petrol and diesel rates are to be revised on a daily basis in line with benchmark international price and foreign exchange, government-controlled fuel retailers have been moderating rates since the pandemic broke out.
This after they adjusted a Rs 13 per litre hike in excise duty on petrol and Rs 15 a litre on diesel, against a decrease in the retail selling price that was warranted by crude oil prices falling to an average of USD 19 per barrel in April.
Excise duty totals Rs 32.98 per litre in petrol and Rs 31.83 in diesel. VAT in Delhi totals to Rs 19.32 a litre on petrol and Rs 10.85 on diesel.
With international oil prices rebounding from the lows of April, retail rates in India too were revised. Since May 2020, petrol price has risen by Rs 15.04 per litre and diesel by Rs 12.59 a litre, price notifications of oil companies showed.
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7 held for running fake call centre in South Kolkata
Kolkata (PTI): Seven people were arrested from the Parnashree area in the southern part of the city for allegedly running a fake call centre, a police officer said on Saturday.
Acting on a tip-off, police raided a house on Netaji Subhas Road on Friday night and found the fake call centre operating from the ground floor, he said.
Preliminary investigation revealed that the accused had set up a bogus company using forged documents and posed as employees of an antivirus firm to call citizens in the US, the officer said.
"The callers would gain the trust of victims and then use remote access to take control of their phones or other digital devices. The accused allegedly siphoned off large sums of money, running into millions of dollars, from victims' accounts," he said.
Five laptops, two WiFi routers, six mobile phones and four headsets were seized from the accused, he said, adding that the seven are being questioned to ascertain the full extent of the racket and to identify others involved.
