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Diesel price at record high in Delhi; Petrol cost also up (Lead)

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New Delhi, Jan 18 (IANS) The rise in Indian basket of imported crude oils pushed the diesel price in the national capital to a record high of Rs 62.25, while petrol rate edged up to Rs 71.56 a litre, its highest level in over three years.

As per the official data on daily revision of fuel prices, diesel price was hiked by 19 paise a litre and petrol by 17 paise per litre, applicable from 6 a.m. on Thursday.

Similarly, price of diesel in Kolkata and Chennai also hit a record high of Rs 64.91 and Rs 65.63 per litre, respectively. In Mumbai, diesel price on Thursday was Rs 66.30 — the highest since it hit Rs 66.63 in August 2014

The rise in diesel prices across several metros assume significance as the fuel is the mainstay of the transportation sector and will have a consequent upward effect on inflation.

The daily revision allows any rise in international oil rates to be reflected in domestic prices with immediate effect rather than having a waiting period of 15 days as earlier.

Besides daily revision, petroleum products do not come under the Goods and Services Tax (GST) and prices vary at locations according to state taxes.

According to data from Indian Oil Corp, price of petrol in the city also rose to an over three year high of Rs 71.56, the highest since July 1, 2014 when price of the fuel touched Rs 73.60 per litre.

On Thursday, petrol per litre cost Rs 79.44 in Mumbai, Rs 74.28 in Kolkata and Rs 74.20 in Chennai.

Previous highs in Mumbai, Kolkata and Chennai were Rs 79.99 (October 2017), Rs 74.42 (June 2015) and Rs 74.43 (January 16, 2018) respectively.

Several global factors like production curbs and high demand have led to a surge in crude oil prices to a three-year high. As on January 18, it hovered around $70 a barrel.

The Indian crude oil basket comprises of 73 per cent sour-grade Dubai and Oman crudes, and the balance in sweet-grade Brent, closed December 2017 at $62.29 per barrel, according to the Petroleum Ministry.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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