Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Duty may be cut to cool fuel prices

Duty may be cut to cool fuel prices

Share this article Share this article
published Published on May 21, 2018   modified Modified on May 21, 2018
-The Times of India

NEW DELHI: Oil minister Dharmendra Pradhan on Sunday raised hopes of the government cutting excise duty to soften the impact of oil prices as petrol and diesel prices hit historic highs on Sunday with state-run fuel retailers racing to catch up with current market rates after freezing pump prices for 19 days ahead of the Karnataka election.
 
"The Centre is sensitive towards the rising fuel prices. Various alternatives are being explored. I hope something will work out soon," Pradhan told reporters in Bhubaneswar.

The minister blamed "the unilateral decision of Organisation of the Petroleum Exporting Countries (OPEC) to reduce production, political instability in Venezuela and the prospect of US sanctions against Iran" for the steady rise in fuel prices. Last week, global benchmark Brent hit $80/barrel, the highest since November, 2014.

Pradhan's statement came in the backdrop of petrol price touching a record high of Rs 76.24 per litre, rising 33 paise in Delhi - the reference market - to mark the steepest increase since the retailers adopted the system of daily price revision in June, 2017. The price of Diesel rose by 26 paisa to Rs 67.57 a litre, an all-time high.

Please click here to read more.

The Times of India, 21 May, 2018, https://timesofindia.indiatimes.com/business/duty-may-be-cut-to-cool-fuel-prices/articleshow/64249887.cms


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close