Fuel prices to remain unchanged: Radebe

04 September, 2018, 17:24 | Author: Dave Hampton
  • Fuel prices to remain unchanged: Radebe

In a surprise announcement from minister of energy Jeff Radebe on Monday afternoon, fuel prices will remain unchanged for September, except for a 4.9 cents per litre increase in the retail margin of petrol to cater for the annual salary increase for forecourt attendants, cashiers and other admin staff. This year in May, Bank of America Merrill Lynch observed that the deteriorating conditions in Iran may push the crude oil prices to United States dollars 100. A litre of petrol costs maximum in Mumbai where it is available at Rs 86.56.

In Chennai, the price of petrol increased from Rs 82.24 per litre to Rs 82.41. The price of petrol rose to Rs 86.56 a litre in Mumbai and Rs 79.15 per litre in Delhi on Monday.

The rupee, which lost 10 paise against the United States dollar in late afternoon trade on Monday, ended at a new record low of 71.10.

United States cancels $300m in aid to Pakistan over failure to tackle militants
The Pentagon's move, which needs to be approved by the US Congress, is part of a broader suspension of aid announced in January. The issue of combatting terrorism is expected to be raised by Pompeo during his talks with Khan in Islamabad this week.

On Tuesday, petrol and diesel prices continued to witness the unprecedented rise. Because the price is built up by excessive taxes on petrol and diesel.

Domestic credit rating agency Icra said in a report on Monday that global oil prices have risen by about 10 per cent over the past two weeks on declining inventories and faster than anticipated decline in Iranian exports as the countdown to the enforcement of USA sanctions begins. In Kolkata, a litre of petrol cost Rs. 82.06, while in Chennai it was priced at Rs. 82.24.

Petroleum prices, which are determined by the cost of crude oil in global markets, may continue to go up as the worldwide markets are under pressure due the USA sanctions on Iran and Saudi Arabia's decision to cut oil production. Diesel was at Rs 75.54/litre, up by Rs 0.44/litre.

Eminem Drops Surprise Album 'Kamikaze': Stream
The artwork consists of the tail of a military plane, reminiscent of the cover of the Beastie Boys' 1986 album Licenced to Ill . Eminem surprise-released a new album called Kamikaze , which comes less than a year after his lackluster Revival .

Former Finance Minister P Chidambaram slammed Bharatiya Janata Party (BJP)-led Centre for neglecting the historical rise in fuel prices and failing to implement any measures to contain the surge. "This is further hurting Asian currencies", the official said.

Nearly half of the fuel price is made up of taxes. Delhi charges a Value-Added Tax of 27% on petrol and 17.24% on diesel.

Aretha Franklin Funeral: Details of Service, Including Superstar Guest List, Revealed
Thomas first became friends with Franklin , a life-long Detroit resident, after he joined the Pistons in the 1980s. A pink Cadillac, as referenced in her song, " Freeway of Love ", was on display outside the museum in tribute.

Recommended:

  • Djokovic gets through on hot day; Federer next at US Open?

    Djokovic gets through on hot day; Federer next at US Open?

    His next assignment is a rematch of June's French Open final, in which he crushed Thiem in straight sets to win his 17th major. Australian tennis player John Millman , now ranked 55th in the world, just knocked Roger Federer out of the US Open .
    China trade talks are not top priority, says US Treasury Secretary

    China trade talks are not top priority, says US Treasury Secretary

    That would pave the way for tariff-free access to the Canadian market by the much larger American dairy and poultry market. Freeland said on Tuesday that Mexico's concessions on auto rules of origin and labor rights was a breakthrough.
    What will Apple announce at September event

    What will Apple announce at September event

    AirPods 2 Talking about AirPods, Apple is also expected to launch its the next generation Apple AirPods wireless earphones. All this when we are hardly two weeks away from the Apple event where the company was going to unveil these new devices.
  • I should learn from Roger Federer, says 'done nothing' Nick Kyrgios

    On court microphones picked up Kyrgios saying that Federer's wonderful effort "the greatest shot you've ever seen". Federer had the luxury of a two-set lead when the two produced their most entertaining exchanges.
    Raiders agree to deal Mack to Bears

    Raiders agree to deal Mack to Bears

    With Gruden open to dealing Mack, there was no way Davis was going to veto him after giving him $100 million to coach the team. Offensive tackles are nimble enough to mirror and will win most hand fights against a someone effectively playing one-handed.
    French and British fishermen clash at sea in battle for scallops

    French and British fishermen clash at sea in battle for scallops

    Rogoff said about 40 French boats had gathered overnight in protest at British " pillaging " of the scallop supply. Mr Rogoff said: "The French went to contact the British to stop them working and they clashed with each other".
  • Brazil's electoral court to discuss Lula candidacy Friday afternoon

    Brazil's electoral court to discuss Lula candidacy Friday afternoon

    The former leader's attorneys still hope to get the ban overturned by appealing the decision before Brazil's supreme court . He left office with a 90% approval rating, after his policies helped to lift millions of Brazilians out of poverty.
    Tropical Depression Six forms over the Atlantic

    Tropical Depression Six forms over the Atlantic

    As the wave crosses South Florida and enters the Gulf of Mexico on Labor Day, it will be in a better environment for development. But Chris and Beryl maintained hurricane strength for just 3.25 days, when the average for this time in the season is six days.
    Apple iPhone 2018: Get ready for iPhone XS with OLED display

    Apple iPhone 2018: Get ready for iPhone XS with OLED display

    This report echoes the past rumors, saying that the new Apple Watch Series 4 will have a 15 percent bigger display in both models. It's the most important day of the year for Apple , because the iPhone accounts for about two-thirds of its revenue.
  • Samsung Galaxy S9 Galaxy S10… A similar design for smartphones

    Samsung Galaxy S9 Galaxy S10… A similar design for smartphones

    Samsung also previewed a new voice-assisted speaker, the Galaxy Home , using its homegrown digital assistant, Bixby. Samsung is said to be working on three different models of the Galaxy S10 , according to an earlier ETNews report .
    On labor holiday, Trump jabs union head over NAFTA remarks

    On labor holiday, Trump jabs union head over NAFTA remarks

    Where consumers could see some benefit, though, is through changes to rules governing trade in dairy products, she said. He said the United States would have to give six months notice to both Canada and Mexico if it intends to withdraw.
    Coca-Cola to buy United Kingdom  coffee chain Costa for $5.1B

    Coca-Cola to buy United Kingdom coffee chain Costa for $5.1B

    Earlier this month, PepsiCo agreed to pay $US3.2 billion for SodaStream, which makes carbonated-water dispensers. Premier Inn has 785 hotels in the United Kingdom and a sprinkling of others in Germany and the Middle East.


Popular

Liverpool goalkeeper Alisson exchanged words with teammate after howler
Football is a game where lots of mistakes happen over 90 minutes, but that was a big one, a decisive one as we conceded from it. The goalkeeper made the mistake but it was the product of several small errors.

US Open 2018: Serena Williams beats Kaia Kanepi to reach quarter-finals
Then in July, Williams was runner-up at Wimbledon to German Angelique Kerber . "Of course it's disappointing", Anderson said. Sevastova toppled seventh-seeded Elina Svitolina 6-3, 1-6, 6-0, leaving just two of the top 10 women's seeds remaining.

Chinese billionaire arrested in U.S. over sexual misconduct
The arrest comes shortly after Liu was in the spotlight for another incident involving sexual misconduct. The New York Times reported Liu has returned to China where he has become the talk of the nation.

This life-size Bugatti Chiron model is made of 1 million Lego pieces
To give it power, 2,304 motors and 4,032 Lego technic gear wheels make 5.3 horsepower and 62 pound-feet of torque. Said and done: the LEGO Bugatti Cheron has been unveiled in Italy, ahead of the Monza Grand Prix.

Blue Jays trade Josh Donaldson, Curtis Granderson
He's been battling several injuries and is scheduled to play a rehab stint with the Blue Jays' High-A affiliate in Dunedin. Given his injury history, it makes sense that they don't want to risk him accepting that offer and sticking around.

Congress bids farewell to Sen. John McCain
But it was his military service, punctuated by years as a prisoner of war in North Vietnam, that molded McCain's political life. Remember, Obama defeated McCain in their run for the White House in 2008 - and W bested him in the 2000 Republican primaries.

Greyhound Bus Crash Leaves Seven Dead in New Mexico
Thursday's incident shut down part of Interstate 40 for almost eight hours, as crews worked into the night to clear the wreck. An investigative team from the National Transportation Safety Board was reportedly en route to the scene.

Larry Fitzgerald Speaks at John McCain's Memorial Service
Speakers will include presidents George W Bush and Barack Obama . "I know John said he hoped to play a small part in that story". Before Beau's 2015 death, Biden's first wife, Neilia, and 13-month-old daughter, Naomi, were killed in a auto accident in 1972.

Houston woman seen ringing doorbell identified
Spencer said the woman in the video managed to escape from captivity by breaking the shackles. "We were dead asleep in our beds". It was reported on Wednesday that a mysterious woman had been captured on video [VIDEO ] by a doorbell security camera .

The Packers are paying Aaron Rodgers $80M - in the next 6 months
The American led the Packers to the Super Bowl championship in 2011, where he was also named the most valuable player. He now has the best passer rating (103.8) and TD-to-INT ratio (4.01:1) in league history.