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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Price freeze: on high fuel prices    </title>
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-The Hindu

Abandoning the daily price revision of petrol and diesel sets back an important reform

The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on..."/>
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Abandoning the daily price revision of petrol and diesel sets back an important reform

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                            <div align="justify">-The Hindu<br /><br /><em>Abandoning the daily price revision of petrol and diesel sets back an important reform<br /></em><br />The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and diesel prices unchanged. Since April 24, the oil companies have abandoned the daily price revision. Since then, the prices of petrol and diesel in the national capital, for instance, are stuck at ?74.63 and ?65.93, respectively. This is a glaring freeze, given that since the Centre introduced the dynamic pricing mechanism in June last year allowing oil marketing companies (OMCs) to revise fuel prices daily, the retail prices of various domestic fuels had been on a steady uptrend owing to the steep rise in international crude oil prices. The price of Brent crude oil, it is worth noting, has rallied by more than 50% since June last year. Against this background, domestic fuel prices were raised to their highest level since late-2013 last month until the price freeze began on April 24. The new pricing mechanism also caused prices to show more volatility on a daily basis compared to the earlier regime when prices were revised periodically, mostly on a fortnightly basis. Further, the rise in domestic fuel prices in response to rising crude oil prices has been quite inelastic recently. Petrol and diesel prices rose by 1 to 2% in April while Brent crude rose by more than 8%. This comes as a pleasant surprise considering that domestic fuel prices, which while not falling to an equal extent when crude prices witness a sharp drop, generally keep pace with any rise in oil prices.<br /><br />Please <a href="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true" title="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true" class="re" target="_blank">The Hindu, 8 May, 2018, http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true</a><div class="clear"></div>
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Abandoning the daily price revision of petrol and diesel sets back an important reform

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    <h1 class="cat-box-title">Price freeze: on high fuel prices</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Abandoning the daily price revision of petrol and diesel sets back an important reform<br /></em><br />The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and diesel prices unchanged. Since April 24, the oil companies have abandoned the daily price revision. Since then, the prices of petrol and diesel in the national capital, for instance, are stuck at ?74.63 and ?65.93, respectively. This is a glaring freeze, given that since the Centre introduced the dynamic pricing mechanism in June last year allowing oil marketing companies (OMCs) to revise fuel prices daily, the retail prices of various domestic fuels had been on a steady uptrend owing to the steep rise in international crude oil prices. The price of Brent crude oil, it is worth noting, has rallied by more than 50% since June last year. Against this background, domestic fuel prices were raised to their highest level since late-2013 last month until the price freeze began on April 24. The new pricing mechanism also caused prices to show more volatility on a daily basis compared to the earlier regime when prices were revised periodically, mostly on a fortnightly basis. Further, the rise in domestic fuel prices in response to rising crude oil prices has been quite inelastic recently. Petrol and diesel prices rose by 1 to 2% in April while Brent crude rose by more than 8%. This comes as a pleasant surprise considering that domestic fuel prices, which while not falling to an equal extent when crude prices witness a sharp drop, generally keep pace with any rise in oil prices.<br /><br />Please <a href="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true" title="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true" class="re" target="_blank">The Hindu, 8 May, 2018, http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true</a><div class="clear"></div>
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Abandoning the daily price revision of petrol and diesel sets back an important reform

The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on..."/>
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    <h1 class="cat-box-title">Price freeze: on high fuel prices</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>Abandoning the daily price revision of petrol and diesel sets back an important reform<br /></em><br />The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and diesel prices unchanged. Since April 24, the oil companies have abandoned the daily price revision. Since then, the prices of petrol and diesel in the national capital, for instance, are stuck at ?74.63 and ?65.93, respectively. This is a glaring freeze, given that since the Centre introduced the dynamic pricing mechanism in June last year allowing oil marketing companies (OMCs) to revise fuel prices daily, the retail prices of various domestic fuels had been on a steady uptrend owing to the steep rise in international crude oil prices. The price of Brent crude oil, it is worth noting, has rallied by more than 50% since June last year. Against this background, domestic fuel prices were raised to their highest level since late-2013 last month until the price freeze began on April 24. The new pricing mechanism also caused prices to show more volatility on a daily basis compared to the earlier regime when prices were revised periodically, mostly on a fortnightly basis. Further, the rise in domestic fuel prices in response to rising crude oil prices has been quite inelastic recently. Petrol and diesel prices rose by 1 to 2% in April while Brent crude rose by more than 8%. This comes as a pleasant surprise considering that domestic fuel prices, which while not falling to an equal extent when crude prices witness a sharp drop, generally keep pace with any rise in oil prices.<br /><br />Please <a href="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true" title="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true" class="re" target="_blank">The Hindu, 8 May, 2018, http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true</a><div class="clear"></div>
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Home हिन्दी

Price freeze: on high fuel prices

Published on May 8, 2018   Modified on May 8, 2018

-The Hindu Abandoning the daily price revision of petrol and diesel sets back an important reform The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and diesel prices unchanged. Since April 24, the oil companies have abandoned the daily price revision. Since then, the prices of petrol and diesel in the national capital, for instance, are stuck at ?74.63 and ?65.93, respectively. This is a glaring freeze, given that since the Centre introduced the dynamic pricing mechanism in June last year allowing oil marketing companies (OMCs) to revise fuel prices daily, the retail prices of various domestic fuels had been on a steady uptrend owing to the steep rise in international crude oil prices. The price of Brent crude oil, it is worth noting, has rallied by more than 50% since June last year. Against this background, domestic fuel prices were raised to their highest level since late-2013 last month until the price freeze began on April 24. The new pricing mechanism also caused prices to show more volatility on a daily basis compared to the earlier regime when prices were revised periodically, mostly on a fortnightly basis. Further, the rise in domestic fuel prices in response to rising crude oil prices has been quite inelastic recently. Petrol and diesel prices rose by 1 to 2% in April while Brent crude rose by more than 8%. This comes as a pleasant surprise considering that domestic fuel prices, which while not falling to an equal extent when crude prices witness a sharp drop, generally keep pace with any rise in oil prices. Please click here to read more.

The Hindu, 8 May, 2018, http://www.thehindu.com/opinion/editorial/price-freeze/article23805539.ece?homepage=true

Tagged with: Petrol Prices Diesel prices Fuel Inflation Fuel Prices

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