Monday June 18, 2018
Home India Petrol Prices...

Petrol Prices On The Reverse Trend For The Last 13 Days: Prices Fall

Both in Delhi and Kolkata, diesel prices in the fortnight have declined

0
//
10
Petrol Prices On The Reverse Trend For The Last 13 Days: Prices Falls
Petrol Prices On The Reverse Trend For The Last 13 Days: Prices Falls, flickr
Republish
Reprint

Domestic petrol prices, which had hit record levels for 16 consecutive days in May, have been on the reverse trend for the last 13 days, including Monday, but the relief for consumers has been slow in coming.

The pace of decline has been less than half the rate of surge.

Percentage-wise, since May 30, when prices started to take a downturn, petrol prices have slipped 2.35 per cent in Delhi, compared to the 5.5 per cent in the previous 16 days.

In absolute terms, prices have gone down by Rs 1.85 a litre since May 30, compared to the increase of Rs 3.8 per litre in the during May 14-29. On Monday, fuel was sold at Rs 76.58 per litre in the national capital, down 20 paise from Sunday’s level, the IndianOil Corp’s website showed.

In Mumbai, where petrol prices were the highest in the country last month, the decline has been much slow at Rs 1.23 per litre so far, against the rise of Rs 3.76 a litre during May 14-29.

On Monday, petrol price in Mumbai was Rs 84.41 per litre against Rs 84.61 on Sunday. Similarly, in Kolkata and Chennai, the fuel was sold at Rs 79.25 and Rs 79.48 respectively.

In Kolkata and Chennai too, the decline has been Rs 1.81 and Rs 1.65 per litre in the last 13 days, around 50 per cent of the previous rate of increase.

In tandem with petrol prices, diesel too has seen a decline, but of only around 2 per cent in all the major cities including Delhi, compared to over 5 per cent rise in the previous fortnight.

Petrol station
Petrol station, flickr

Both in Delhi and Kolkata, diesel prices in the last 13 days have declined by Rs 1.36, and in Mumbai and Kolkata, the fall was of Rs 1.44 and Rs 1.45 per litre respectively.

Also read: Petrol price slashes by 32 paise and diesel price by 85 paise

On Monday, prices of the fuel in Delhi, Kolkata, Mumbai and Chennai were at Rs 67.95, Rs 70.50, Rs 72.35 and Rs 71.73 per litre, respectively. (IANS)

Click here for reuse options!
Copyright 2018 NewsGram

Next Story

McAfee Official Says, India Needs A More Secured Cybersecurity Ecosystem

India now has the National Cyber Coordination Centre

0
McAfee Official Says, India Needs A More Secured Cybersecurity Ecosystem
McAfee Official Says, India Needs A More Secured Cybersecurity Ecosystem, Pixabay

Although India has become more active when it comes to cybersecurity, the country needs to put all the pieces together to protect businesses via a foolproof ecosystem, a top executive from cybersecurity firm McAfee has stressed.

“India is interacting a lot with neighbours, coordinating with them via strategic MoUs on cybersecurity but there are few things that need to be patched to be able to respond faster and better to cyber attacks,” Ian Yip, Chief Technology Officer, Asia Pacific at McAfee, told IANS.

In a recent report released by the Australian Security Policy Institute, India ranked 10th on cyber security globally.

“The 10th rank globally is not that bad and there is room for improvement. India is in a good place to make those improvements by collaborating with all the stakeholders including cyber security firms,” Yip added.

India now has the National Cyber Coordination Centre, apart from a general computer emergency response team (CERT) and a separate CERT to protect the Banking, Financial services and Insurance (BFSI) sector.

According to Yip, there is now a full-fledged secondary market with cybercrime-as-a-service, helping cybercriminals leverage capabilities from fellow attackers and use advanced malware techniques to target enterprises.

Logo of McAfee
Logo of McAfee, flickr

“Cyber attackers have the capability to use some of the more advanced techniques. There is a secondary market with cybercrime-as-a-service, where they can leverage the capability of other criminals into the attack mechanisms,” Yip noted.

Apart from rising ransomware attacks, cryptojacking is now a big threat to companies.

Cryptocurrency mining is rising, said the executive, owing to the increase in the cryptocurrency value.

“Cryptojacking is more harmful for businesses and individuals than ransomware because it increases the cost of ransom,” Yip added.

The fourth quarter of 2017 saw a spike in the Bitcoin value, driving cybercriminals to focus on cryptocurrency hijacking through a variety of methods and was defined by rapid cybercriminal adoption of newer tools and schemes, a new McAfee report said recently.

According to Yip, the next big wave of innovation in cybersecurity solution is Machine Learning (ML) and Artificial Intelligence (AI) solutions.

Cyber security
Cyber security, Pixabay

Also read: Google won’t develop deadly AI weapons but help military

“There is urgent need to automate, orchestrate and integrate as much of security infrastructure as possible amid skill shortage. Cyber attackers are now also trying to leverage the potential of New-Age technologies,” he noted. (IANS)