DIESEL AND PETROL PRICES ARE LIKELY TO REDUCE.....after a long time......

In today’s time when competition is increasing, economy is suffering through high inflation, the question of reduction in fuel prices mainly diesel and petrol even not arise in our minds. In January 2013, the UPA decided to deregulate diesel prices in stages through monthly 50 paisa a liter increases. Rates were last raised on August 31 after which losses have been wiped out. Rates have cumulatively risen by Rs. 11.81 per liter in 19 instalments since January 2013.but now as every one is saying…..good days are back….yeah, It’s for the first time after five years that both petrol and diesel prices are likely to reduce  w.e.f 16th cot 2014.you got it right. It’s not hike its reduction time now…

Diesel prices is likely to cut by rs.1.70 and petrol by 1 Rs. per litre.Prices may cut after assembly elections are completed on October 15, between Haryana and Maharashtra. This reduction in prices may result in profit on sale of diesel expand from rs.1.90 a liter calculated in the second half of Septembers average. Despite wiping out of under-recoveries or the difference between retail selling price and its imported cost, on sale of diesel on September 16 and the subsequent resultant over- recovery to Rs.1.90, the government has not cut rates due to election code.
     
Petrol on the other hand, had been deregulated in June 2010 and rates have since then moved every fortnight in tandem with the cost. Petrol rates last cut by 54 paisa on October 1 in line with international trend.
Oil industry wants diesel rates to be reduced to protect their market share which they otherwise would lose to private retailers who price the fuel in tandem with international prices..So just cross the fingers and hope for reduction in fuel prices after such a long time in this inflation time.

Comments

Post a Comment

Popular posts from this blog

NITI AYOG......................

Image
NITI Ayog :- The Government has replaced Planning Commission with a new institution named NITI Aayog (National Institution for Transforming India). A cabinet Resolution issued today gave details of the new institutions.  The institutional framework of government has developed and matured over the years.   This has allowed the development of domain expertise which allows us the chance to increase the specificity of functions given to institutions.  Specific to the planning process, there is a need to separate as well as energize the distinct ‘process’ of governance from the ‘strategy’ of governance. 1). Fullform of NITI Ayog Ans- National Institution for Transforming India Aayog 2). National Institution for Transforming India Aayog replaces- Ans-Planning Commission 3). NITI Ayog was formed on Ans-1 January 2015 4).Chairperson of : NITI Ayog Ans-Prime Minister of India 5).Who is the Present Chairperson of NITI Ayog Ans- Prime Minister Narendra Modi 6). V...
Read more

Coding and Decoding ...........[competitive. exam prep.... topic 20]

Image
Coding is a system of signals. This is a method of transmitting information in the form of codes or signals without it being known by a third person. The person who transmits the code or signal, is called the sender and the person who receives it, is called the receiver. Transmitted codes or signals are decoded on the other side by the receiver—this is known as decoding. Most competitive exams have a dedicated section of Coding –Decoding in Reasoning or Mental Ability. Many of students and readers find difficulty to solve questions based on Coding – Decoding in Mental Aptitude. The Coding and Decoding Test is set up to judge the candidate’s ability. Coding and decoding tips are very useful to those who are preparing for the attending the bank exam IBPS, SBI, LIC AAO, UPSC, IAS, CAT, XAT, MAT, SSC, GATE, and other competitive exams. We have also published the Solved examples for the coding and decoding aptitude. Coding is a process of sending a message from master to slave that ...
Read more

LANGUAGES IN INDIA .............................

Image
* The Indian language known as the '' Italian of the East '' is : Telugu * The number of languages recognised by the Indian Constitution is : 22 * At the inception of Indian constitution in 1950, the number of recognised languages was : 14 * The languages which were added to the Eighth Schedule are : Sindhi, Konkani, Nepali, Manipuri, Maithili, Dogri, Bodo and Santhali. * Number of identifiable mother tongues as per Ministry of Statistics and Programme Implementation report of 2011 : 234 * The first language to be conferred the status of a Classical Language : Tamil * Other languages which have been conferred the status of a Classical Language : Sanskrit, Kannada, Malayalam, Telugu and Odia * Only state having official language English is : Nagaland * The official language of the Supreme Court and High Court as prescribed by the Constitution of India is : English * The principal languages of Lakshdweep are : Jeseri (DweepBhasha) and Mahal * Foreign language com...
Read more