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Consumers are getting restive about a three year high in petrol and diesel prices as they feel that the concept of market-determined rates was tampered with by frequent tax hikes when the crude oil prices fell steeply, said industry chambers on Sunday.60 per barrel, taking the pump prices of petrol in Delhi (for instance) to Rs 70.51 per litre on June 1, 2014,” said Assocham. The increase in the retail prices is far less than hike in crude oil, but then the consumer is not willing to compare the crude prices of $45.60 in June versus $54 per barrel today. He would confront you with $107 per barrel of crude in May, 2014 and the pump price of Rs 71. It pointed that even after rising in the last three months, crude oil prices are mere half of $107 per barrel in May, 2014. It noted if the prices are market determined,the retail prices should have been less than Rs 40 a litre. 

It is true that the international crude oil prices have shot up by about 18 per cent from $45.83 per barrel, the consumers would ask, said the chamber. It said, even though the pricing regime has been linked to market determined rates, hike in taxes in the China foaming barrel screws Suppliers form of excise and sales tax or VAT by the Centre and states have distorted the path of reforms.51 per litre, then how come it is about the same when the Indian basket of crude is trading at half that level at 53.It noted if the prices are market determined, the retail prices should have been less than Rs 40 a litre. pointed that even after rising in the last three months, crude oil prices are mere half of $107 per barrel in May, 2014.40 three months ago.

17 a barrel and earlier in the session reached a 2016 high of $43.Many members of Opec plus outside producers such as Russia are meeting in Doha, Qatar, on Sunday to discuss freezing output.“The weak dollar is one important reason,” said Eugen Weinberg of Commerzbank.Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak US dollar and fur Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak US dollar and further signs of strong demand in China. US crude China shoe machine barrel screws Suppliers gained 23 cents to $40.58.. 2 consumer — and a plan by oil and gas workers in Kuwait to go on strike from Sunday. The dollar fell to its lowest in nearly eight months against a basket of currencies, supporting commodities.59.Also supporting prices was rising vehicle sales in China — a further sign of strong petrol demand in the No.Brent crude was up 34 cents at $43

Rising oil prices and the reluctance on the part of the government to cut taxes are two factors responsible for the certain spike in auto fuel injection molding screw head and ring prices.47 a barrel level in September 2013.Even though crude oil prices are rising again, they are still well off the highs of September 2013, when retail prices were at all-time highs.The government’s reluctance to cut excise duty on petrol and diesel has become a bigger worry for auto fuel consumers.Prices of petrol and diesel rose to all-time high levels in the last week of May this year after oil companies resumed daily price hikes of the two products post Karnataka assembly elections.“But prices are rising now with expectation that it could even breach $100 a barrel post-November 24 when energy sanctions on Iran kick in. With rising inflation and slowing factory output, revenue from the oil sector is key for the centre and states. If this is not the right time for excise duty cut on petrol and diesel, then one fails to understand what would be one,” said a former oil secretary asking not to be named.“This is insane as the government is letting consumers suffer even though it has pocketed higher revenue from the sector with the understanding that this will come to their rescue when oil prices rise.“The need of the hour is to immediately cut excise duty on petrol and diesel not by mere Rs 2 per litre as was done on October 3, but to provide full relief to consumers by effecting a Rs 4 per litre cut in duties. This could take petrol and diesel prices to new highs with the auto fuel even breaching Rs 100 a litre mark,” said an oil sector analyst, who did not wish to be named as he was still completing his calculations. This would take oil import bill to about $140 billion in FY19, up from $88 billion in FY18.61 a litre in Delhi. Going by the price rise of up to 20 paisa per day over the last week, petrol would breach record high level of Rs 78. It has been reduced only once -- in October, 2017 -- by Rs 2 a litre.

The BJP-led NDA government has increased basic excise duty on petrol and diesel nine times ever since it came to power (between November 2014 and January 2016) that more than doubled government's excise mop-up to Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.06 a litre in Delhi) in May this year when crude oil prices were around $80 a barrel. At that time, the price of the Indian basket of crude oil had shot up to $110 per barrel, almost 44 per cent more than what it is today. During elections, oil marketing companies kept petrol and diesel prices untouched for a record 19 days.31 a litre, again recorded on May 29. Rising oil prices and the reluctance on the part of the government to cut taxes are two factors responsible for the certain spike in auto fuel prices.61 a litre now.Diesel likely to breach psychological mark of Rs 70 per litre soon in Delhi.As per government estimates, India's import bill could rise by up to $50 billion, impacting the current account deficit severely, if the present surge in oil is maintained.33 a litre in Mumbai, would easily cross Rs 100 a litre mark, making history.Petrol breached its previous all-time high level recorded on September 14, 2013 (when it stood at Rs 76. The price of benchmark Brent crude was hovering over $75 a barrel, while the Indian basket was just a tad lower at $73 a barrel last month.In February, the government reduced basic and additional excise duty on petrol and diesel by Rs 8 per litre but re-imposed a new road cess of Rs 8 per litre, negating any advantage. Interestingly, crude oil was at $109. In all, duty on petrol was hiked by Rs 11.

We expect the greenback to continue to be supported as we approach the likely lift-off in rates," Singapore's United Overseas Bank said, referring to a December 17 meeting of the Fed's policy-setting Federal Open Market Committee.A strong dollar, fuelled by widening expectations that the US Federal Reserve will raise interest rates next month, has also been keeping a lid on prices.At around 0300 GMT Wednesday, US benchmark West Texas Intermediate for delivery in December was trading 47 cents lower at $43.18.jpg The oil market has collapsed by more than half since mid-2014 with prices languishing under $50 a barrel Singapore: Oil prices resumed their decline in Asia Wednesday, with global crude oversupply continuing to dampen investors' sentiment despite occasional rallies.

Oil is traded in the US currency and a buoyant dollar would make the commodity more expensive for those holding weaker units, lowering demand and prices.The oil market has collapsed by more than half since mid-2014 with prices languishing under $50 a barrel China blown film extruders Suppliers Oil. Prices had risen the previous day after a four-day losing streak, as traders weighed a bearish price outlook from the International Energy Agency (IEA) and a lowered US estimate for crude production.The Paris-based IEA, in a report Tuesday, forecast that the global oil market would recover to $80 a barrel by 2020.The oil market has collapsed by more than half since mid-2014 with prices languishing under $50 a barrel, hurt by the supply glut and the decision by the oil exporter grouping OPEC to maintain output to counter booming US shale production.74 and Brent crude for December was down 26 cents at $47."We continue to think the market will remain in surplus through most of 2016, which is likely to restrict the upside for prices, particularly over the fourth quarter of 2015 and the first quarter of 2016," British bank Barclays said in a market commentary

The futures markets see oil prices rising to $60 a barrel only by 2020, which means the Indian economy can expect to be a beneficiary over the next few years too, although the falling rupee might be a worry since with every rupee increase against the US dollar the oil import bill could go up by Rs 7,455 crore..The other great trend was the rise in the e-retail segment of e-commerce with Amazon India estimated to have sold goods worth over Rs 10,000 crore. But the Indian government has been singing all the way to the bank as it was able to curtail fiscal subsidies for stabilising retail energy prices and simultaneously increase its share of the excise duty.

From a high of $115 a barrel in June 2014, prices skidded to a low of $37 a barrel in the last week of 2015. China blown film extruders Manufacturers The biggest surprise of 2015 was that there seemed to be no bottom to plunging oil prices. The impact on global GDP growth, at a mere 0. Close to 100 million shoppers out of about 375 million Internet users make up the great Indian e-retail marketplace. Flipkart and Snapdeal saw their valuations go through the roof and the New Year is likely to be even better for e-commerce in all sectors, including call taxis, payment companies, second-hand goods auction sites, and even mobile advertisement companies, besides travel. Every $1 decrease is thought to bring down the import bill by Rs 6,500 crore and reduce the subsidy burden by `900 crore. From a high of $115 a barrel in June 2014, prices skidded to a low of $37 a barrel in the last week of 2015.The biggest surprise of 2015 was that there seemed to be no bottom to plunging oil prices. The sky is the limit for Internet-based commerce in 2016

The refiner has benefitted from the industrial recovery with a spike in diesel demand by 16 per cent in October from two and a half per cent in September.5 million tonnes. The corporation registered gross sales of Rs 1,01,114 crore for the April-September period up 6.9 per cent to 16. Petrol sales increased 14. conical twin screw barrels Factory HPCL has planned a capital expenditure of Rs 4,200 crore for the expansion of its refinery capacity in Mumbai from 6. Net profits were up 41 per cent for the April -September at Rs 1,268 crore.HPCL has planned a capital expenditure of Rs 4,200 crore for the expansion of its refinery capacity in Mumbai from 6.

It expects to get environmental approval by February and the expansion will be completed in three years.4 per cent said Ms Nishi Vasudeva, who is also the first woman chairman and managing director of an oil refining company. The corporation is in the process of commissioning the 443 km long Rewari-Kanpur product pipeline at the cost of Rs 1,400 crore and with a capacity of 7.27 million tonnes, over the same period last year.9 per barrel for the corresponding period in 2014.5 million tonnes.7 per cent.5 million tonnes to 9.45 per barrel for the half year ended September against $2.9 per cent which is higher than the PSU industry average of 4. The gross refining margins increased to $5. The sales of lubricants was up 39 per cent making it the number one in the market. For the July-September quarter the declining crude and product prices severely impacted the corporation's financials, said Ms Vasudeva and the loss suffered was Rs 320 crore

4 per cent.49 million tons of crude oil in the quarter, almost unchanged from the previous year.HPCL recorded highest ever market sale of 9.20 million tons screw barrel of injection moulding machines Factory of fuel in the quarter, 3.He said HPCL's Mumbai and Visakh refineries processed 4.For example, if crude oil is purchased at say USD 50 per barrel price, an inventory loss would arise if by the time it is refined and marketed the price falls below that.56 per barrel during April?June as against increase of USD 10.

Surana said 83 petrol pumps were commissioned during Q1 taking the total retail outlet network to 14,495.For the 2017-18, HPCL plan to invest about Rs 7,100 crore.20 per cent," he said adding petrol sales rose 9 per cent while diesel was up 2.5 per cent higher than 8. Electronic data capture (EDC) services and mobile wallets for digital transactions is available at more than 96 per cent of the total retail fuel stations as of June.Inventory loss occurs when the oil prices fall after procurement and before marketing.89 a barrel in the same period of 2016.Inventory losses arose because the price of basket of crude India buys, known as Indian Basket, dropped by USD 4.An inventory gain would be booked if reverse happens -- product prices rise after procurement and before marketing.Net profit of the state-owned company in the April-June quarter was Rs 925 crore, lower than Rs 2,098 crore in the year-ago period.86 on turning every barrel of crude oil into fuel during April-June, 2017-18 as compared to a gross refining margin of USD 6.

The Centre levies Rs 19.47 a litre in Delhi foaming barrel screws Manufacturers and diesel Rs 68.84 a litre in case of petrol and Rs 2. Under the scheme, oil producers, who get paid international rates for the oil they produce from domestic fields, would have to part with any revenue they earn from prices crossing USD 70 per barrel mark. Incidentally, ONGC and Oil India Ltd had till June 2015 provided for up to 40 per cent of the annual fuel subsidy bill. This follows reluctance on part of the finance ministry to cut excise duty as it has to ensure adequate funds are available to social welfare schemes in the election year. This may be accompanied by a minor tinkering with excise duty rates to give immediate relief to consumers.The revenues so collected would be used to pay fuel retailers so that they absorb spikes beyond the threshold levels, they said.48 as excise duty on a litre of petrol and Rs 15.84 a litre in case of petrol and Rs 2.Sources said a USD 70 per barrel threshold for the windfall tax is sufficient to cover for capital expenditure requirement of ONGC and other oil producers.

Windfall tax, they said, is levied in some of the developed countries globally. On May 14, rates have gone up by Rs 2.States too would be asked to cut sales tax or VAT to show a visible impact on retail prices.. China on April 1, 2006, began levying the special upstream profit tax on domestic oil producers to redistribute and allocate the windfall income enjoyed by the oil companies and subsidise disadvantaged industry and social groups that are most affected by soaring crude oil prices.53.In particular, resources have to be arranged for the National Health Protection Scheme (NHPS) that aims to provide health insurance cover of Rs 5 lakh to every eligible household.A similar tax was considered in 2008 when oil prices were on the rise but the idea was dropped after stiff opposition from private sector firms like Cairn India. This discount helped the retailers make good a part of the losses they incurred on selling petrol and diesel below cost.

Two gang members, who are on the run, are natives of Nepal. Eight members of the gang are Nepalese working in the city. The robbers used gas cutters to break open the safe in jewellery shops, said police sources.. They have also struck in several places in Kolkata, police said. The gang was armed with choppers, gas cutters, gas nozzles, ropes, screw drivers and other equipment. Two gang members, who are on the run, are natives of Nepal.  The accused have been identified as Shankar Shahud (28), Pawan Waougi (40), Maanbahadur Karki (36), Omchamling Rai (26), Sagar Ahuja (32), Arjun Bohara (24), Giri Prem Singh (35), Bhakthkari Dholi (35), Humayn Shaikh (40) and Saihbut Shaikh (25). Some of them were released from prison recently. The accused have several robbery cases registered against them in the past in Mumbai, Thane and Navi Mumbai regions.

In some cases they have rented the neighbouring shop to sell seasonal fruits and drilled a hole into the jewellery shop,” said a crime branch officer. conical twin screw barrel (Representational Image) Mumbai: The Mumbai crime branch has busted a gang of robbers, apprehending 10 of its members who were allegedly planning to rob the renowned Waman Hari Pethe jewellers in Dadar.A case was recently was registered by the Bhiwandi crime branch against the gang.Their modus-operandi involved incapacitating the watchmen and then gagging them.“The method of the gang is to take up small time jobs, mostly related to hawking or of security guards, around the target shop to keep a watch before chalking out a plan

It was great fun shooting with youngsters. No matter what the subject, or who is starring in it, it will reach out,” he asserts. has no hang ups about dating younger men, while Neena Gupta’s character in Khujli is a middle aged woman, who’s keen on experimenting with BDSM in the bedroom, to spice up her sex life.”A still from KhujliNeena on her part, found the script to be a refreshing change. “I loved the script so much, that I immediately had to say yes.”Neena says that she enjoys the process so much, she’d want to do more such roles. She’s a modern woman, and she wasn’t happy with the kind of work coming to her.

With inputs by Aarti Bhanushali.”Kapil Kaustubh Sharma, the director of Love, Life and Screw Ups, in which Zeenat purportedly romances a 25-year-old, says that one doesn’t necessarily find artistes who are willing to give this medium a shot. “This is the only platform which will reach the audience if the content is good. I was not expecting them to be so detailed and organised with their work, but they were completely aware of what they were doing, and I would like to applaud them for it. Zeenat Aman in Love, Life and Screw Ups Khujli, Scandal Point, Love, Life, Screw Ups — these may sound like chic flicks, but they feature some of the industry’s veteran women trying their hand at what a typical chick flick would indulge in. With the web, the process is quick — we completed shooting in two days. Zeenat Aman’s bold Joana in Love, Life.. “We’ve worked on it in a tongue-in-cheek way, and we’ve not shown anything,” Neena says, referring to the almost-cutesy take on the couple’s sex life and romance.