Headline • After the UAE, Russia will now give PM Modi the highest civilian honor• India again surprised the world by testing the weapons of space• 17 years later, China felt a big blow economic situation is very weak• Supreme Court gives relief to cricketer Sreesanth in spot-fixing• Aamir Khan gave statement on Kangana Ranaut's resentment• No change in government stand on Article 35A• SP-BSP alliance in Madhya Pradesh and Uttarakhand• Arjun Kapoor and Abhishek Bachchan praise Akshay Kumar's trailer for the film Kesari• BJP government raises EPF interest rates• Uttarakhand Police urges Kashmiri students not to send inflammatory statements on social media• Kulbhushan Jadhav case starts hearing on Monday• Rajiv Saxena gets interim bail till Feb 22 • Vadra wrote on Facebook, handed Priyanka to the people of India, please keep them safe.• J&K : Attack on CRPF team, 7 security personnel and 4 civilians injured• State strike in Uttar Pradesh is illegal: Allahabad High Court• Mamata Banerjee declares victory on Supreme Court order in West Bengal• Tension in Meerut area after breaking Ambedkar statue• INDvsNZ : India won the series 4-1• I will leave politics even after Modi's retirement : Smriti Irani• Don Ravi Pujari arrested from African country Senegal• "I will be back soon" Union Minister Arun Jaitley• Report of the NSSO's unemployment, at the high level of 45 years• Modi government can give big gift to farmers• Akhilesh welcomes Priyanka Gandhi's political entry• Republic Day 2019 : India's power demonstration on Rajpath

Petrol, Diesel rates decline; hike in excise duty

Prices of petrol and diesel decreased by 32 paise per litre and 85 paise per litre respectively on Friday despite the hike in excise duty on both the fuels by the government.

The reduction in the prices is much lower than what crude oil prices had warranted which fell to below USD 30 per barrel. Government took the benefit and hiked the excise duty on petrol by 75 paise per litre and on diesel by Rs 2.

This was the fourth reduction made in six weeks. According to the Indian Oil Corp (IOC), petrol in Delhi will now cost Rs 59.03 per litre as against Rs 59.35 per litre and diesel will cost Rs 44.18 as against Rs 45.03.

The excise duty was hiked for the second time this month and would net government an additional Rs 3,700 crore during the remainder of the fiscal year ending March 31.

Related News

:
:
: