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23 Oct 2018, Edition - 1197, Tuesday

FLASH NEWS:

  • Delhi Government Sources: Special Team formed to crack down on Chinese crackers
  • Timings restricted for festivals, crackers allowed only between 8-10 PM
  • SC admits Sabarimala petitions, pleas to be heard on November 13 at 3 PM
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  • Priest who was key witness in nun rape case found dead
  • Supreme Court to take final call on pleas for banning crackers today
  • Valley shuts down in protest, J&K police probe civilian killings
  • 46 organisations in Assam have called for a 12-hour statewide bandh today against Citizenship (Amendment) Bill 2016
  • Paytm founder’s secretary, 2 more held for Rs 20 crore blackmail in Noida

Coimbatore

Jayalalithaa demands new price fixation mechanism for petrol, diesel

Covai Post Network

Chennai: Condemning the latest increase in fuel prices, the Tamil Nadu Chief Minister J Jayalalithaa today demanded that a new mechanism be implemented to decide the prices of petrol and diesel.

In a statement, she said that she had often pointed out that “determining prices of petrol and diesel based on international fuel rates is not right,” and demanded that the latest price-hike be rolled back.

Accusing the centre of not passing on the benefits of the global fall in crude oil prices to the masses by revising the excise duties, she said that the current price fixation mechanism helps oil marketing companies make profits. “The hike will result in increase in prices of goods which will severely impact the poor and middle classes,” she said.

Condemning the hike in petrol and diesel prices due to global trends, Jayalalithaa added that fuel prices must be based on factors like cost of imported crude and its refining.

COIMBATORE WEATHER