Petrol and diesel prices increased again on Saturday by Rs 0.18 and Rs 0.29 respectively in the national capital. Petrol in Delhi will be sold at Rs 82.66 per litre, diesel for the day will be at Rs 74.19 per litre.

In Mumbai, petrol and diesel prices were at Rs 88.12 per litre, an increase of Rs 0.31, and Rs 78.82 per litre, up by Rs 0.31, respectively.

Fuel prices have been witnessing a steep rise since the past few months. While the Opposition has repeatedly blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.

Meanwhile Prime Minister Narendra Modi met Finance Minister Arun Jaitley and Petroleum Minister Dharmendra Pradhan in Delhi to discuss petroleum issues.

According to reports, the discussion in the meeting focused on increasing domestic oil production, subsidy borne by oil marketing companies and reducing imports to cut down the account deficit.

Petrol and diesel prices increased again on Saturday by Rs 0.18 and Rs 0.29 respectively in the national capital. Petrol in Delhi will be sold at Rs 82.66 per litre, diesel for the day will be at Rs 74.

Petrol and diesel prices increased again on Saturday by Rs 0.18 and Rs 0.29 respectively in the national capital. Petrol in Delhi will be sold at Rs 82.66 per litre, diesel for the day will be at Rs 74.19 per litre. In Mumbai, petrol and diesel prices were at Rs 88.12 per litre, an increase of Rs 0.31, and Rs 78.82 per litre, up by Rs 0.31, respectively. Fuel prices have been witnessing a steep rise since the past few months. While the Opposition has repeatedly blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products. Meanwhile Prime Minister Narendra Modi met Finance Minister Arun Jaitley and Petroleum Minister Dharmendra Pradhan in Delhi to discuss petroleum issues. According to reports, the discussion in the meeting focused on increasing domestic oil production, subsidy borne by oil marketing companies and reducing imports to cut down the account deficit.

Fuel prices rise yet again, petrol sells at Rs 88.12 in Mumbai

Diesel prices hit their highest in India since 2013 after they were hiked for a sixth consecutive day.&nbsp;

The prices of diesel and petrol were hiked effective Tuesday morning across Delhi, Mumbai, Kolkata and Chennai.

Petrol prices reached Rs 74.40 a litre, while diesel rates touched Rs 65.65, the highest-ever since May 2014 in Delhi, according to Indian Oil Corporation (IOC).

In Kolkata, Mumbai and Chennai petrol prices climbed to new highs of Rs 77.10, Rs 82.25 and Rs 77.19 respectively.&nbsp;

Diesel prices in the three cities touched record highs of Rs. 65.65, Rs. 68.35, Rs. 69.91 and Rs. 69.27 respectively.

The petrol and diesel prices across the country are revised on a day to day revisions by state-run oil marketing companies which is determined by international crude oil price.

The rise in crude oil prices is due to&nbsp;the ongoing supply cut of oil by the Organisation of the Petroleum Exporting Countries (OPEC), coupled with a strong global demand for crude causing a hike in petrol and diesel prices in India.

(With inputs from news agencies)

Petrol prices reached Rs 74.40 a litre, while diesel rates touched Rs 65.65, the highest ever since May 2014 in Delhi

Diesel prices hit their highest in India since 2013 after they were hiked for a sixth consecutive day. The prices of diesel and petrol were hiked effective Tuesday morning across Delhi, Mumbai, Kolkata and Chennai. Petrol prices reached Rs 74.40 a litre, while diesel rates touched Rs 65.65, the highest-ever since May 2014 in Delhi, according to Indian Oil Corporation (IOC). In Kolkata, Mumbai and Chennai petrol prices climbed to new highs of Rs 77.10, Rs 82.25 and Rs 77.19 respectively. Diesel prices in the three cities touched record highs of Rs. 65.65, Rs. 68.35, Rs. 69.91 and Rs. 69.27 respectively. The petrol and diesel prices across the country are revised on a day to day revisions by state-run oil marketing companies which is determined by international crude oil price. The rise in crude oil prices is due to the ongoing supply cut of oil by the Organisation of the Petroleum Exporting Countries (OPEC), coupled with a strong global demand for crude causing a hike in petrol and diesel prices in India. (With inputs from news agencies)

Petrol, diesel prices hiked for sixth consecutive day

German luxury car maker Audi today said it will increase prices of its vehicles by up to Rs 9 lakh from April 1 to pass on the impact of increased customs duty in the Budget.

The price across the entire model range will be increased by up to 4 per cent owing to the hike in the customs duty announced in the Union Budget, Audi India said in a statement.

The price increase will range from Rs 1 lakh to Rs 9 lakh and will be effective from 1st April 2018, it added.

Audi sells a host of vehicles in India ranging from SUV Q3 with price starting at Rs 35.35 lakh to sports car R8 which is tagged at Rs 2.63 crore.

Audi India Head Rahil Ansari said, &quot;The increase in custom duty and introduction of social welfare surcharge in lieu of an education cess (which is higher than the erstwhile cess) in the Union Budget made the increase in price inevitable.&quot;

The company has tried to absorb the impact of the increase in customs duty and has minimised the price hike, he added.

Seeking support from the government for luxury car industry, Ansari said,&quot;There is no doubt that increase in car sales would definitely help the government in garnering more accumulated taxes.&quot;

In the Budget for 2018-19, finance minister Arun Jaitley had increased custom duty on CKD (completely knocked down) imports of motor vehicles, motor cars, motor cycles from 10 per cent to 15 per cent.

The government had also raised custom duty on specified parts/accessories of motor vehicles, motor cars, motor cycles from 7.5 per cent to 15 per cent.

The price across the entire model range will be increased by up to 4% owing to the hike in the customs duty announced in the Union Budget, Audi India said in a statement

German luxury car maker Audi today said it will increase prices of its vehicles by up to Rs 9 lakh from April 1 to pass on the impact of increased customs duty in the Budget. The price across the entire model range will be increased by up to 4 per cent owing to the hike in the customs duty announced in the Union Budget, Audi India said in a statement. The price increase will range from Rs 1 lakh to Rs 9 lakh and will be effective from 1st April 2018, it added. Audi sells a host of vehicles in India ranging from SUV Q3 with price starting at Rs 35.35 lakh to sports car R8 which is tagged at Rs 2.63 crore. Audi India Head Rahil Ansari said, "The increase in custom duty and introduction of social welfare surcharge in lieu of an education cess (which is higher than the erstwhile cess) in the Union Budget made the increase in price inevitable." The company has tried to absorb the impact of the increase in customs duty and has minimised the price hike, he added. Seeking support from the government for luxury car industry, Ansari said,"There is no doubt that increase in car sales would definitely help the government in garnering more accumulated taxes." In the Budget for 2018-19, finance minister Arun Jaitley had increased custom duty on CKD (completely knocked down) imports of motor vehicles, motor cars, motor cycles from 10 per cent to 15 per cent. The government had also raised custom duty on specified parts/accessories of motor vehicles, motor cars, motor cycles from 7.5 per cent to 15 per cent.

Audi to hike car prices by up to Rs 9 lakh from April

Indian shares hit record highs for a third straight session on Tuesday as Coal India Ltd surged after price hikes, but broader gains were capped by losses in IT and financial sectors.

Coal India rose to its highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about 19.56 billion rupees ($308 million) for the rest of the current fiscal year.

But caution prevailed ahead of the corporate results season kicking in this week. Tata Consultancy Services is due to post December-quarter results on Thursday, followed by Infosys&nbsp;on Friday.

Finance Minister Arun Jaitley is expected to present the federal budget for the 2018/19 financial year on February 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year.

&quot;Markets are flattish as there is some volatility due to expectations around budget, corporate results which are starting soon and the global markets,&quot; said Vinod Nair, Head of Research at Geojit Financial Services.

Broadly, the trend is still very positive, he said.

The broader NSE Nifty was up 0.1 percent at 10,633.50 as of 0616 GMT, after rising as much as 0.33 percent to a record of 10,659.15.

The benchmark BSE Sensex rose 0.26 percent to 34,441.64, after gaining as much as 0.39 percent to 34,487.52, its highest ever.

Among the gainers, energy shares advanced the most, with Nifty energy index rising as much as 0.8 percent. Coal India shares gained 6.1 percent and Reliance Industries Ltd&nbsp;rose 1.3 percent.

ITC Ltd&nbsp;rose 1.7 percent and was among the top contributors to the index gains.

Tata Motors Ltd&nbsp;rose 1.7 percent. Its Jaguar Land Rover unit&#39;s sales rose 7 pct to a record 621,109 vehicles in 2017 but said it faced tough conditions in the UK due to weakening consumer confidence and a planned diesel tax rise on new cars.

Information technology stocks were down with TCS falling 0.6 percent and Wipro &lt;WIPR.NS&gt; losing 1 percent.

Meanwhile, iron ore miner NMDC Ltd dropped 3.9 percent after the government unveiled a plan to sell up to 47.5 million shares in the company.

Indian shares hit record high for a third straight session on Tuesday as Coal India Ltd surged after price hikes

Indian shares hit record highs for a third straight session on Tuesday as Coal India Ltd surged after price hikes, but broader gains were capped by losses in IT and financial sectors. Coal India rose to its highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about 19.56 billion rupees ($308 million) for the rest of the current fiscal year. But caution prevailed ahead of the corporate results season kicking in this week. Tata Consultancy Services is due to post December-quarter results on Thursday, followed by Infosys on Friday. Finance Minister Arun Jaitley is expected to present the federal budget for the 2018/19 financial year on February 1, amid investor concerns that the government could unveil some populist measures with heavier spending than this year. "Markets are flattish as there is some volatility due to expectations around budget, corporate results which are starting soon and the global markets," said Vinod Nair, Head of Research at Geojit Financial Services. Broadly, the trend is still very positive, he said. The broader NSE Nifty was up 0.1 percent at 10,633.50 as of 0616 GMT, after rising as much as 0.33 percent to a record of 10,659.15. The benchmark BSE Sensex rose 0.26 percent to 34,441.64, after gaining as much as 0.39 percent to 34,487.52, its highest ever. Among the gainers, energy shares advanced the most, with Nifty energy index rising as much as 0.8 percent. Coal India shares gained 6.1 percent and Reliance Industries Ltd rose 1.3 percent. ITC Ltd rose 1.7 percent and was among the top contributors to the index gains. Tata Motors Ltd rose 1.7 percent. Its Jaguar Land Rover unit's sales rose 7 pct to a record 621,109 vehicles in 2017 but said it faced tough conditions in the UK due to weakening consumer confidence and a planned diesel tax rise on new cars. Information technology stocks were down with TCS falling 0.6 percent and Wipro <WIPR.NS> losing 1 percent. Meanwhile, iron ore miner NMDC Ltd dropped 3.9 percent after the government unveiled a plan to sell up to 47.5 million shares in the company.

Sensex hits fresh highs; Coal India surges on price hike

French car major Renault on Friday said it will increase prices of Kwid, Duster and Lodgy by up to 3 per cent from January to partially offset the impact of rising input costs.

The company has however kept its recently launched premium SUV Captur out of the price revision.

&quot;The price hike will be applicable on Kwid, Duster and Lodgy...Reasons of the price hike are to partially offset the impact of rising input and freight costs,&quot; the company said in a statement.

Yesterday, Mahindra &amp; Mahindra and Volkswagen announced to increase prices of their respective vehicles in the country.

While Mahindra announced to increase prices of passenger and commercial vehicles by up to 3 per cent from January, Volkswagen said it will hike prices by up to Rs 20,000.

Already, Maruti Suzuki India, Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu have announced price hike from early next year.

Already, Maruti Suzuki India, Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu have announced price hike from early next year

French car major Renault on Friday said it will increase prices of Kwid, Duster and Lodgy by up to 3 per cent from January to partially offset the impact of rising input costs. The company has however kept its recently launched premium SUV Captur out of the price revision. "The price hike will be applicable on Kwid, Duster and Lodgy...Reasons of the price hike are to partially offset the impact of rising input and freight costs," the company said in a statement. Yesterday, Mahindra & Mahindra and Volkswagen announced to increase prices of their respective vehicles in the country. While Mahindra announced to increase prices of passenger and commercial vehicles by up to 3 per cent from January, Volkswagen said it will hike prices by up to Rs 20,000. Already, Maruti Suzuki India, Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu have announced price hike from early next year.

Renault to hike prices of Kwid, Duster, Lodgy by up to 3%

Inflation at the wholesale level rose to a 6-month high of 3.59 percent in October as the prices of food articles, led by onions and vegetables, rose sharply.

Inflation, based on the Wholesale Price Index (WPI), was 2.60 percent in September. In October last year, it was 1.27 percent.

Last month&#39;s inflation was the highest since April when it was 3.85 percent.

The government data released today showed that inflation in food articles more than doubled to 4.30 percent in October.

For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September.

In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 percent.

Inflation in manufactured products saw a slight dip to 2.62 percent, as against 2.72 percent in September.

In the fuel and power segment, inflation rose to 10.52 percent, as against 9.01 percent in September. Fuel inflation has remained high for the past three months as petrol and diesel prices continued to rule high tracking global crude oil rates.

Power tariffs shot through the roof on lower domestic production.

Pulses continued to witness deflation at 31.05 percent. Likewise, in potato deflation was at 44.29 percent and wheat at 1.99 percent.

The final print of August WPI inflation remained unchanged at 3.24 percent.

As per the Consumer Price Index (CPI) data released yesterday, retail inflation for October rose to a 7-month high of 3.58 percent on costlier food items, especially vegetables.

Besides, industrial production for September expanded at 3.8 percent, on poor showing by the manufacturing sector coupled with a decline in consumer durables output.

Last month, the Reserve Bank kept benchmark interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 percent for the current fiscal.

RBI also raised its inflation forecast to the 4.2-4.6 percent range for the rest of the current fiscal as against 4-4.5 percent previously.&nbsp;

The prices of food articles, led by onions and vegetables, rose sharply

Inflation at the wholesale level rose to a 6-month high of 3.59 percent in October as the prices of food articles, led by onions and vegetables, rose sharply. Inflation, based on the Wholesale Price Index (WPI), was 2.60 percent in September. In October last year, it was 1.27 percent. Last month's inflation was the highest since April when it was 3.85 percent. The government data released today showed that inflation in food articles more than doubled to 4.30 percent in October. For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September. In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 percent. Inflation in manufactured products saw a slight dip to 2.62 percent, as against 2.72 percent in September. In the fuel and power segment, inflation rose to 10.52 percent, as against 9.01 percent in September. Fuel inflation has remained high for the past three months as petrol and diesel prices continued to rule high tracking global crude oil rates. Power tariffs shot through the roof on lower domestic production. Pulses continued to witness deflation at 31.05 percent. Likewise, in potato deflation was at 44.29 percent and wheat at 1.99 percent. The final print of August WPI inflation remained unchanged at 3.24 percent. As per the Consumer Price Index (CPI) data released yesterday, retail inflation for October rose to a 7-month high of 3.58 percent on costlier food items, especially vegetables. Besides, industrial production for September expanded at 3.8 percent, on poor showing by the manufacturing sector coupled with a decline in consumer durables output. Last month, the Reserve Bank kept benchmark interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 percent for the current fiscal. RBI also raised its inflation forecast to the 4.2-4.6 percent range for the rest of the current fiscal as against 4-4.5 percent previously.

WPI inflation at 6-month high of 3.59%

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