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Fuel prices down 30 paise, petrol at new 2018 low

Fuel prices down 30 paise, petrol at new 2018 low

Finance
NEW DELHI: Domestic fuel prices fell around 30 paise on Saturday as the cost of petrol touched fresh low levels for 2018 across the four metros. In the national capital, petrol price was at Rs 69.26 per litre, 29 paise down from the Friday's levels of Rs 69.55 per litre, data on the Indian Oil Corp's website showed. Cost of the fuel in Delhi fell below the Rs 70 per litre mark on December 24 for the first time in the year since January. In Kolkata, Mumbai and Chennai too, prices of the fuel fell to new lows for the year at Rs 71.37, Rs 74.89 and Rs 71.85 respectively, down from the previous levels of Rs 71.65, Rs 75.18 and Rs 72.16 per litre. The decline in domestic fuel prices comes amid the recent fall in global crude oil prices. As per the country's dynamic pricing mechanism, the domest...
France fuel protests: Police in Paris fire tear gas

France fuel protests: Police in Paris fire tear gas

World
Media playback is unsupported on your device Police in Paris have used tear gas and water cannon to disperse protesters, in a second weekend of demonstrations sparked by rising fuel prices.Violence erupted on the Champs-Elysées as protesters tried to get through a security cordon around sensitive sites.About 5,000 protesters had converged on the avenue. Dozens of people were arrested after clashing with police.Organisers of the "yellow vest" movement billed the latest protests as "act two" in their rolling campaign.Named after their distinctive high-visibility attire, the protesters oppose an increase in fuel duty on diesel. More than 100,000 took part in Saturday's protests across the country. They passed off largely peacefully - excep...
No relief on fuel price hike

No relief on fuel price hike

Finance
NEW DELHI: Petrol and diesel prices continued the upward trend across India as the fuel prices entered new record height on Saturday. While petrol has touched Rs 83.40 (increase by Rs 0.22) per litre, diesel too is being sold at a historic high of Rs 74.63 (increase by Rs 0.21) per litre in New Delhi. Meanwhile, a litre of petrol is up by Rs 0.22 to be retailed at Rs 90.75 in Mumbai, while diesel is being capped at Rs 79.23 (increase by Rs 0.22) per litre. On Friday, the petrol was being retailed at Rs 90.57 per litre, while diesel was being sold at Rs 79.01 per litre in Mumbai. A litre of petrol and diesel was sold at Rs.83.22 and Rs.74.42, respectively in the national capital yesterday. Fuel prices have been witnessing a steep rise since the past few weeks. While the Opposition has blame...
Venezuela crisis: Maduro to curb fuel subsidies

Venezuela crisis: Maduro to curb fuel subsidies

World
Venezuela's president has said its subsidised fuel prices should rise, to stop smugglers cheating the country out of billions of dollars. "Gasoline must be sold at an international price to stop smuggling to Colombia and the Caribbean," Nicolás Maduro said in a televised address.Like many oil producing nations, Venezuela offers its citizens heavily subsidised petrol.A fuel price rise in 1989 caused deadly riots in the capital, Caracas.What's behind the move?Venezuela's economy is in freefall, with the International Monetary Fund predicting inflation rates will reach a million percent this year - but the price of fuel has barely changed. The price of a litre of petrol in Venezuela currently stands at 1 bolivar. On the black...
Israel: Falcon dead in arson attack, fuel cargo restricted

Israel: Falcon dead in arson attack, fuel cargo restricted

World
July 17 (UPI) -- Israeli officials have placed new restrictions on fuel deliveries across the Gaza Strip after new arson attacks, including one that involved a dead falcon. Israel Defense Minister Avigdor Lieberman said the suspension of fuel cargo was due to "continued terror attempts" by Hamas. The Gaza border region was hit by rocket fire over the weekend after months of incendiary attacks, prompting Israeli Prime Minister Benjamin Netanyahu to warn Monday of a "prolonged struggle". The arson attacks have caused hundreds of fires in southern Israel since April and Israeli officials say the practice of setting kites and balloons aflame across the Gaza border started out on a small scale, but was adopted and encouraged by Hamas, an opponent to Israel. Although food and medicine deliveri...