fuel prices

Petrol, diesel prices increased for fifth time in as many days

India has the highest retail prices of petrol and diesel among South Asian nations.

Petrol and diesel prices touched a new high for the fifth consecutive day on Friday. State-run oil companies resumed the dynamic pricing mechanism on Monday after 19 days. Retail prices were frozen between April 24 and May 13, while campaigning was on for the Karnataka Assembly elections. There was a similar freeze before the Gujarat Assembly elections in December.

With the latest revision, a litre of petrol in Delhi will cost Rs 75.61 while diesel will be available for Rs 67.08 a litre. Petrol prices in other metros too touched new highs on Friday – Rs 78.29 in Kolkata, Rs 83.45 in Mumbai and Rs 78.46 in Chennai, according to the Indian Oil Corporation. Diesel prices touched Rs 69.63 in Kolkata, Rs 71.42 in Mumbai and Rs 70.80 in Chennai.

Since June, the price of fuel in India has been revised almost daily in sync with fluctuations in the price of oil in international markets.

India has the highest retail prices of petrol and diesel among South Asian nations since taxes account for half of the pump rates. The government raised the excise duty on fuel nine times between November 2014 and January 2016 to shore up finances as global oil prices declined, but then cut the tax by Rs 2 a litre in October.

In June, state-owned oil companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation discontinued a 15-year practice of revising rates every fortnight and switched to daily revisions. Consequently, any rise in global crude prices affects rates in India almost immediately.

Support our journalism by subscribing to Scroll+ here. We welcome your comments at letters@scroll.in.
Sponsored Content BY 

The qualities of a high-performance luxury sedan

A lesson in harnessing tremendous power to deliver high performance.

Gone are the days when the rich and successful would network during a round of golf, at least in the Silicon Valley. As reported by New York Times, ‘auto-racing has become a favourite hobby for the tech elites’. However, getting together on a race track would require a machine that provides control while testing extreme limits. Enter the Mercedes-AMG range of cars.

Mercedes-AMG’s rise from a racing outfit to a manufacturer of peak performance cars is dotted with innovations that have pushed the boundaries of engineering. While the AMG series promises a smooth driving experience, its core is made up of a passion for motorsports and a spirit that can be summarized in two words – power and performance. These integral traits draw like-minded people who share and express Mercedes-AMG’s style of performance.

The cars we drive say a lot about us, it’s been said. There are several qualities of an AMG performance luxury sedan that overlap with the qualities of its distinguished owner. For instance, creating an impression comes naturally to both, so does the ambition to always deliver an exceptional performance. However, the strongest feature is that both the owner and the AMG marque continually challenge themselves in pursuit of new goals, stretching the limits of performance.

This winning quality comes alive, especially, in the latest Mercedes-AMG marque – the Mercedes-AMG E 63 S 4MATIC+. With the most powerful engine to have ever been installed in an E-class, this undisputed performance sedan promises immense power at the driver’s command. With 612 HP under its hood, the car achieves 0-100 km/h in just a few seconds - 3.4 to be precise. Moreover, the car comes with the latest driver-assistance technology that promises intelligent control and provides an agile and responsive ride.

But, the new AMG is not just about work (or traction in car lingo). One of its core features is to provide its owners a challenge on the race track. Its drift mode, which converts the vehicle into a pure rear-wheel drive, offers pure exhilaration and adds a work-play dynamic to the car. In that sense, the new AMG is a collaborator of sorts - one that partners with its owner to create an impression through performance. And on the weekends, the car pushes him/her to express absolute power using its race mode with a thunderous roar of the engine - the pure sound of adrenalin. This balance between work and play has been achieved using cutting-edge features in the car that together create an almost intuitive driver-machine relationship.

If you’re looking for a car that shares your enthusiasm for driving, you’ll find a partner in the new AMG. However, buying an AMG is not just about owning a powerhouse on wheels, it’s also about adopting a driving philosophy in which power is just the starting point - the main skill lies in how you manoeuvre that power on the road. A performance sedan in its sportiest form, Mercedes-AMG’s latest model takes vehicle performance to an unmatched level. A decade ago, this amount of speed and power in a luxury 4-door model would be un-thinkable.

Play

The new Mercedes-AMG comes with a host of individualisation options through designo, the artistic side of Mercedes’s innovation, so the car becomes an extension of the owner’s distinctive personality. An expressive design with a new radiator grille and a muscular front apron showcase its athleticism. A new-age driver environment, widescreen cockpit, the AMG performance steering wheel and sports seat delivers an intensive driving experience. With the Mercedes-AMG E 63 S 4MATIC+, AMG has created an undisputed performance sedan that can rip the race track as well as provide reliable luxury sedan-duty. To know more about the most powerful E-class of all time, see here.

This article was produced by the Scroll marketing team on behalf of Mercedes-Benz and not by the Scroll editorial team.