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Petrol price up by 58 paise/litre, diesel down by 31 paise
New Delhi: Amid the recent fluctuation in global oil prices, state-run Indian Oil Corp (IOC) late on Thursday moved in contradictory ways on transport fuels, increasing the price of petrol by 58 paise a litre and decreasing diesel by 31 paise per litre effective from midnight -- both at Delhi, with corresponding changes in other states.
 
"The current level of international product prices of Petrol and Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and decrease in selling prices of Diesel, the impact of which is being passed on to the consumers with this price revision," IOC said in a release here.
 
Making its previous fortnightly revision in fuel prices on August 31, the IOC had hiked prices of petrol by Rs 3.38 a litre and diesel by Rs 2.67 per litre effective both at Delhi, with corresponding increase in other states.
 
Petrol per litre from Friday will cost Rs 64.21 in Delhi, Rs 67.42 in Kolkata, Rs 69.13 in Mumbai and Rs 63.76 in Chennai.
 
Similarly, diesel per litre will cost Rs 52.59 in Delhi, Rs 54.89 in Kolkata, Rs 58.10 in Mumbai and Rs 54.06 in Chennai.
 
The Indian basket of crude oils closed trade on Wednesday at $44.44 a barrel as per official data.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

A L Bavishi

3 months ago

Fine, very good articles

CBI arrests three top company officials in chit fund scam cases
Kolkata: The Central Bureau of Investigation arrested three former directors of two Kolkata-based private companies in an ongoing investigation related to two chit fund scam cases on Thursday.
 
A CBI spokesperson said the accused had hatched a criminal conspiracy alongside others and illegally collected approximately Rs 565 crore from poor investors after fraudulently promising them high returns without any permission from regulatory bodies.
 
In pursuance of that, they allegedly committed cheating and criminal misappropriation of public funds, the spokesperson said.
 
The case was registered on June 6, 2014, on the orders of the Supreme Court dated 9.5.2014 passed in a writ petition against the officials of the said company.
 
During the ongoing investigation into another chit fund case, CBI officers arrested a former director of another Kolkata based private company for allegedly hatching a criminal conspiracy and illegally collecting approximately Rs 60 crore from poor investors by promising high returns, without any permission from the regulatory bodies.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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