Petrol prices in iceland

Back in 2018, ahead of key Assembly elections, the Centre had cut the excise duty at a time when global crude prices were on the ascent in order to minimise any electoral fallout from unchecked fuel costs. The government’s goal of maximising revenue from fuel products to fund welfare measures can only bear fruit if demand for petrol and diesel remains unaffected by the continuing high costs. With curbs on inter-State road transport still in place, contracting automobile sales unlikely to recover any time soon, job losses and pay cuts sure to shrink household budgets, it is hard to see transport fuel demand rebounding to pre-lockdown levels for at least one or two quarters. Add to that the fact that the Centre’s ambitious disinvestment target of ₹2.1-lakh crore for this fiscal had included a stake sale in BPCL, and the petroleum products’ pricing approach gets even more complicated. With potential investors unlikely to be impressed by the lack of autonomy in the … [Read more...] about Oil price pickle: On fuel duty hike

He said he used to sell 10,000 litres of fuel every day before the lockdown but now daily sales have come down to 5,000 litres. Ashwin Kotambari, secretary of Karnataka State Federation of Petroleum Dealers, said, “Reduction in sales has broken the chain of rotation. Owners have fixed expenditures like salary of the staff, electricity, maintenance and others. So, if we used to place an order, say in 10 days for fuel, now it takes 15 or 20 days to place fresh orders. This is causing additional burden on the owners.”Shantraj Pol, president of DDPA, said that since trade and businesses have not resumed properly and many offices have asked their employees to continue to work from home, movement of vehicles is still restricted. Schools and colleges are closed. Tourism sector has suffered a severe blow. All these factors have affected our sector, he said. However, he expressed confidence that economy will begin to look up after June 1. … [Read more...] about Petrol pump dealers continue to suffer as sales fail to pick up

Retail inflation for industrial workers rose to 3.93 per cent in June from 1.08 per cent in the same month of last year due to increased rates of food items, petrol, power and medicines. Food inflation stood at 0.97 per cent against 1.66 per cent of the previous month (May) and (-) 1.28 per cent during the corresponding month of the previous year, the Labour Ministry said in a statement. "The year-on-year inflation based on CPI-IW (Consumer Price Index-Industrial Workers) stood at 3.93 per cent for June, 2018 as compared to 3.96 per cent for the previous month (May)," the statement said. The All-India CPI-IW for June, 2018 increased by 2 points and pegged at 291 (two hundred and ninety one). It said that the maximum upward pressure to the change in current index came from food group contributing (+) 1.86 percentage points to the total change. At centre level, Quilon reported the maximum increase of 10 points followed by Jharia (7 points) and Rourkela (6 points). Among others, five … [Read more...] about Retail inflation for industrial workers rose to 3.93 pc in June

Like the exterior, the interior too is all new. It is tasteful and executes a minimalistic approach. You get a dual-tone dashboard with wood and brushed-aluminium trimmings blended in. Then, there is the main attraction of the cabin — two massive 12.3-inch screens. There is also a new user interface in place of the old COMAND system called the MBUX (Mercedes-Benz User Experience). It is easier to handle, and while its new navigation trackpad takes some time to get used to, it works well and gives you an alternate way to control the system. Also, under the touchscreen are climate control switches which feel premium to the touch. … [Read more...] about Mercedes GLE review: A premium update

NEW DELHI: Retail inflation for industrial workers eased to 5.45 per cent in April 2020 from 8.33 per cent in the same month a year ago, mainly due to lower prices of certain food items and petrol, official data showed. "Year-on-year inflation based on all items stood at 5.45 per cent for April 2020 as compared to 5.50 per cent for the previous month and 8.33 per cent during the corresponding month of the previous year," a Labour Ministry statement said. Food inflation stood at 6.56 per cent in April 2020 against 6.67 per cent of the previous month (March 2020) and 4.92 per cent during the corresponding month (April 2019) a year ago, it said. Lauding the efforts of the Labour Bureau which collects and released Consumer Price Index-Industrial Workers (CPI-IW), Labour Minister Santosh Gangwar said the 'cost of living index' data collection and release by the bureau in these difficult times during the lockdown is commendable and would go a long way to help in policy making in the … [Read more...] about Retail inflation for industrial workers eases to 5.45% in April: Labour ministry data