Business
Govt hikes petrol by Rs8, high-speed diesel by Rs5.16 | The Express Tribune
OGRA increased HSD and Petrol prices from March 01. PHOTO: PEXELS
The government on Saturday raised the prices of petrol by Rs8 per litre and high-speed diesel (HSD) by Rs 5.16 per litre for the next fortnight.
According to a notification issued by the Ministry of Petroleum, the new price of petrol has been set at Rs 266.17 per litre after the increase. Meanwhile, HSD has risen to Rs 280.86 per litre.
The revised prices will remain in effect from March 1 to March 15.
Read More: OGRA orders refineries to ensure adequate oil reserves due to Middle East situation
High-speed diesel is widely used in transport, agriculture and industry, while motor spirit is primarily consumed by private vehicles and motorcycles. Therefore, the increase in both types of fuel will have an impact on both types of users.
Earlier, the Oil and Gas Regulatory Authority ordered all stakeholders to make certain and ensure an adequate stock of petroleum products amid the raging conflict in the Middle East unleashed by attacks of Israel and the United States on Iran that prompted retaliatory strikes.
Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative offshore bets on the rupee must now be disclosed. Banks now must report detailed transaction data-size, counterparty, maturity, and structure-no later than two working days, though trades below $1 million and certain already-reported or internal hedging transactions are exempt.
Business
Renters’ Rights Act: My tenant owes £15,000 in rent, but I can’t get them out of the property
Currently, under a so-called Section 21 notice, a landlord can evict a tenant without giving a reason – and with just eight weeks’ notice. The new legislation will restrict landlords to a handful of legal reasons for evictions, including wanting to move back in, anti-social behaviour by tenants or persistent rent arrears.
Sarah has now got her money back but there are calls to reform the deadline for reporting scams to banks.
Source link
‘The Voice’ star Dylan Carter died at 24: Cause of death revealed
‘Euphoria’ star Jessica Blair Herman unveils truth about feud amongst cast
Banks to report all related party forex derivative transactions: RBI – The Times of India
-
Sports1 week agoNCAA men’s gymnastics championship: All-time winners list
-
Sports1 week agoWWE WrestleMania 42 Night 2: Live match results and analysis
-
Politics7 days agoUK’s Starmer seeks to deflect blame over Mandelson appointment
-
Fashion1 week agoUK’s Sosandar returns to profitability amid robust FY26 performance
-
Entertainment1 week agoLee Anderson, Zarah Sultana kicked out of UK Parliament for calling PM ‘liar’
-
Business1 week agoNo fuel shortage: Govt assures 100% domestic LPG, PNG, CNG supply amid Hormuz energy crunch – The Times of India
-
Business1 week agoHow Trump’s psychedelics executive order could unlock stalled cannabis reform
-
Sports1 week agoQuetta Gladiators opt to bowl after winning toss against Peshawar Zalmi in PSL 11 clash