In the last two weeks, we had a falloff of around $10 in crude prices and directionally it is good for Indian consumers, said MK Surana, CMD, HPCL, in an interview with ETNOW.Edited excerpts: It is early Diwali for you. Crude prices are down and rupee is strengthening.Yes the lower crude prices and the better rupee is definitely better not only for the oil marketing companies but also for the consumers especially in India. But this time the decline in crude has happened largely because of demand consideration. The diesel consumption in China has gone down. India’s GDP growth is also pointing to a slowdown. So a demand-based disruption in the oil market could potentially tell you that the world is slowing down and it is not actually good news.There are some worries on the demand side, especially in the European world, in America and even recent data on India GDP. But India is still a growing story and the normal perception is that Indian economy will continue to be growing at a … [Read more...] about Lower crude prices good for OMCs as well as Indian consumers: MK Surana, HPCL
Petrol price in hyderabad
From Rs 150 to Rs 180, Onion Prices Continue to Water Eyes; Oppn Protests Across India
Hyderabad/New Delhi: Continuing to water eyes across India, the onion prices soared to Rs 150 per kg in Hyderabad on Thursday, while it is being sold between Rs 120 and 180 in Tamil Nadu's Madurai. "Onion rates have never been so high. Poor and middle-class people are suffering a lot due to price rice. Telangana government should take a steps to regulate the rates or they should provide onion on subsidy price," said Mohan Rao, a resident of Hyderabad, told News18. The wholesale dealers have been selling the onion for Rs 15,000 per 100 kg and the lowest at Rs 6,000 in Hyderabad, reports said. Onion traders in Tamil Nadu said that customers who were buying the kitchen staple for Rs 2 earlier, have to now shell out Rs 5. "Onion prices have shot up. Customers who were buying 5 kg are now only buying 2 kg. We are selling good quality onions for Rs 180/kg. Lower quality onion is priced between Rs 120-130/kg," Shanmuga Priyan, an onion trader, said. In West Bengal, the onion prices have been … [Read more...] about From Rs 150 to Rs 180, Onion Prices Continue to Water Eyes; Oppn Protests Across India
Amit Shah to chair GoM meet to review skyrocketing onion prices today
NEW DELHI: With onion prices showing no signs of decline, a Group of Ministers (GoM) will meet on Thursday evening to review the situation and suggest immediate measures to curb its spiralling prices in the retail market. According to reports, Union Home Minister Amit Shah will chair the GoM meet to review the unprecedented surge in onion prices in the local market. The crucial meeting will be attended by Union Railways Minister Piyush Goyal, Union Food and Civil Supplies Minister Ram Vilas Paswan, Union Agriculture Minister Narendra Tomar, besides the top officials from the Prime Minister's Office. The GoM meeting comes on a day when retail onion prices reached an all-time high on Thursday as it was being sold at Rs 150 per kg in Kolkata, Hyderabad, while in Bhubaneswar, Kota and Chandigarh, it is priced at Rs 120 per kg. In Burdwan, Murshidabad and Jhargram in West Bengal, onion is being sold at Rs 150 per kg, in Hooghly, it is being sold at Rs 140 per kg and in Malda, Alipurduar, … [Read more...] about Amit Shah to chair GoM meet to review skyrocketing onion prices today
Non-Veg Onions? Union Minister’s Bizarre Excuse for Not Knowing Price of the Vegetable
Amid the row regarding sky-high onion prices in the country, Union Minister Ashwini Choubey said that he did not know the price of onions because he was "vegetarian". The Minister of State for Health and Family Welfare's comment came just a day after Finance Minister Nirmala Sitharaman's 'insensitive' onion remark in Lok Sabha on Wednesday led to outrage on social media. Upon being asked if he knew the prices of onions at present, Choubey told journalists, "I am a vegetarian. I have never tasted an onion. How will a person like me know about the situation (market prices) of onions?" News agency ANI shared a video of the byte on Twitter. #WATCH "I am a vegetarian. I have never tasted an onion. So, how will a person like me know about the situation (market prices) of onions," says Union Minister Ashwini Choubey pic.twitter.com/cubekfUrYW— ANI (@ANI) December 5, 2019 The minister seems to be following Sitharaman's lead, who in response to a question by NCP MP Supriya Sule, said, "I … [Read more...] about Non-Veg Onions? Union Minister’s Bizarre Excuse for Not Knowing Price of the Vegetable
Range Rover SVR: Excess all areas
There were, for example, 364 Mercedes-AMG deliveries in June. Now I have a Range Rover Sport SVR sitting on my driveway. I have liked the Rangie Sport in the past, even the diesel variant with boosted torque and reduced price relative to the supercharged V8. I’m not sure what to expect from this SVR. It’s one of the early products from a new high-performance wing at Jaguar Land Rover in Britain, built alongside the ultimate — for now, at least — Jaguar F-Type. JLR is booming these days thanks to classy cars and renewed global enthusiasm for the twin British brands. Jaguar has even sold all-new but all-old lightweight E-Types, what’s called a “continuation” run from its original 1960s production tallies, for more than $1.5 million each. For Land Rover, the SVR is a big deal, an HSV-style operation to boost performance and equipment beyond the levels of the base car. In the case of the Range Rover Sport, the SVR enhancements bring an uprated … [Read more...] about Range Rover SVR: Excess all areas