"Given that these revenue if foregone will not impact states fiscal position, we estimate that on an average, states can cut petrol prices by Rs 2.65/litre and diesel by Rs 2/litre, if the entire revenue gain was to be neutralised". Petrol and diesel prices have been on a tear over the last couple of weeks, and continue to climb even as global prices have begun to ease. The recent rise in crude oil cost and the high excise duty levied on the particular fuel type is the reason behind the rise in petrol prices in the country. This city would be third to clock over Rs 72 per litre rate after Mumbai and Chennai respectively.
Average fuel prices across the board have risen by 8.5p - more than supermarket prices, although prices have not risen day in, day out like those of supermarket fuel.
The surge in retail prices, due to rises in the cost of crude, have prompted top producers Saudi Arabia and Russian Federation to consider boosting their output in the second half of the year. Whereas, Mumbai and Chennai saw the most hikes - by as much as Rs 3.59 per litre and Rs 3.62 per litre respectively.
Petrol and diesel prices continued their upward movement on Monday.
Critics of the government say fuel prices were kept in check to woo voters in the southern Indian state.
As the Centre has come under fire over fuel price hike, Union Petroleum and Natural Gas Minister Dharmendra Pradhan earlier assured the public that the government will soon take out a solution to tackle the situation. "This is the most plausible scenario under the current circumstances", the report said. Fuel prices differ from state to state according to the incidence of local sales tax or VAT.
"However, if this was to happen, the state will have to forego Rs 34,627 crore of tax revenue / 0.2% of consolidated fiscal deficit of states", said Ecowrap.
The prices are at an all-time high.
Fuel prices continue to touch another peak for the 16th consecutive day, with petrol being sold at Rs 78.43 per litre in Delhi and Rs 86.24 per litre in Mumbai.
Not typically one to be outdone, it was James from start to finish in Game 6, and it's fair to assume there will be more to come. The Cavs held a double-digit lead throughout the third quarter before Boston got within a touchdown in the fourth quarter.
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It shows just how good Ryan Sessegnon is that nobody is even surprised when he provides a moment of inspiration in a big game. The Championship play-off final is always an entertaining match. "We were disappointed with the first half", Bruce said.
It appears to target in part Citgo [PDVSAC.UL], a US -based oil refiner owned by Venezuela state oil company PDVSA [PDVSA.UL]. The two countries have provided billions of dollars in funding for Venezuela in recent years.
Cleveland finished with a 44-31 advantage in rebounding, including 15-5 on the offensive boards, and went 18-of-22 at the stripe. He finished with 46 points, 11 rebounds and nine assists, that included two wonderful dagger 3-pointers in the final minutes.
Belfast priest and Belfast Telegraph commentator Fr Patrick McCafferty said: "It is a dark and sad day for our country. Some opposition figures have indicated they won't block legislation because they must respect the public will.
The front end of the red dump truck was mangled in the wreck, which took place about 50 miles west of NY . In this aerial photo, a school bus lies crashed on Route 80 in Mount Olive, N.J., Thursday, May 17, 2018.
N Korea official Kim Yong-chol 'heads to U.S. for talks'
Analysts tell TIME that Trump's volatile handling of the summit may have alienated US allies and disrupted preparations. State Department Bureau of Intelligence and Research, was appointed director for Korean affairs at the NSC in 2014.
Will Chris Paul play in Game 7?
Simply put, the Rockets can't turn the ball over almost as much in Game 7 if they are to win this game. In fact, after the first quarter, the Rockets scored only 47 more points the rest of the game.
Trump Suggests North Korea Summit Could Still Happen
The recent statements also made clear Pyongyang would not accept the United States' demands for its "unilateral" denuclearization. Others, like a young woman waiting for a bus, hold on to the idea that Kim Jong-un has changed.