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Oil Companies Switch to BS-VI Fuel Without Raising Prices: IOC
India has switched over to the world's cleanest petrol and diesel without raising prices, Indian Oil Corp (IOC), the nation's largest oil firm, said on Thursday.
Leapfrogging from BS-IV grade fuel straight to BS-VI grade, equivalent to Euro-VI fuel, petrol and diesel would have resulted in an up to Re 1 per litre increase in cost but oil companies decided against passing this on to consumers and instead adjusted it against the reduction warranted from international oil prices plummeting to a 17-year low.
IOC also said the prices of petrol and diesel have not been increased despite cost going up significantly.
Increase in fuel prices in some states like Maharashtra, Karnataka and West Bengal by about Re 1 per litre each from 1 April has been on account of hike in state sales tax or VAT rates, it said.
(Source: PTI)
Oil Futures Rocket 30% After Trump's Tweet on Price War
Oil futures rocketed over 30 percent after US President Donald Trump tweeted that he expected Russia and Saudi Arabia to end the price war by slashing crude output.
Trump said that he expected Russians and Saudis to slash oil production by 10 million barrels after a call with Saudi Crown Prince Mohammad Bin Salman.
Meanwhile, Saudi Arabia called for an urgent OPEC+ meeting to stabilise the oil market.
(Source: AFP)
3 Dead in Odisha Wall Collapse After Elephant Attacks
An elderly couple and their granddaughter died after the wall of their house collapsed following an attack by a wild tusker at a village in Odishas Sambalpur district, officials said on Thursday.
The wall fell on the three when the marauding jumbo tried to enter their house in Kolgaon village under the Dhama Forest Range in Sambalpur Forest Division on Wednesday, they said.
The deceased have been identified as Kandha Mirdha (70), his wife Urmila Mirdha (65) and their granddaughter, Rashmita Majhi (12).
Forest officials said the tusker strayed into the village.
Urmila and Rashmita died on the spot, while Kandha was rushed to the Veer Surendra Sai Institute of Medical Sciences and Research (VIMSAR) where he succumbed to injuries, they said,
(Source: PTI)
10 Shops Gutted in Fire in Bengaluru
Atleast 10 shops were gutted in a major fire broke that out at Bamboo Bazaar on Thursday, fire department sources said.
The blaze was detected in the early hours. Soon it spread to other shops, they said.
By the time fire extinguishers reached the spot, four shops were already engulfed in flames, the department sources said. At least 10 shops were reduced to ashes as fire fighters struggled to contain the blaze.
(Source: PTI)