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New Delhi: Brace yourself to pay Rs 100 for a litre of petrol in the New Year. Only a few states such as West Bengal, Andhra Pradesh, Rajasthan have marginally cut VAT rates of oil prices. But it has provided relief only once last year when it cut excise rates by Rs 2 per litre for both the products.The Centre increased excise duty on petrol and diesel on nine occasions between November 2014 and China process of molding Suppliers January 2016 that has more than doubled its excise collections. This could push up oil prices in the fourth quarter to over $100 a barrel,” said an oil sector analyst who did not wish to be quoted on projections.“The US sanctions on Iran and its intent to strictly enforce the restrictions will suck out almost 1.12 a litre in Delhi on Wednesday, is already at record high levels.86 a litre and diesel Rs 74. There is no supply response at present to suggest that this big gap can be filled quickly.Petrol is being retailed Rs 82.

But the petrol prices has already reached Rs 90. And to top it, if rupee depreciates further, every Re 1 fall in its exchange rate against the dollar will add another 65 paisa to pump prices of auto fuels. Crude prices are over 35 per cent higher now than on August 1. Chennai is also not far behind and petrol is being retailed there at Rs 86.13 a litre now.The prediction is based on simple calculation of roughly 40-50 paisa per litre increase in retail prices of petrol and diesel for every one dollar increase in international crude oil prices. Officials in public sector oil marketing companies said in the absence of any intervention to tame prices, petrol could cross Rs 100 per litre mark in most parts of the country by January 2019.The situation with VAT duty levied by states is worse at it is applied on value of the product (ad valorem rate) and is not a fixed rate as excise duty. Maharashtra has the highest incidence of VAT that probably explains while fuel prices there is highest in the country..With global analysts and reports of major oil trading houses now suggesting that international oil prices may breach $100 mark by the end of the year or early next year, retail prices of petrol and diesel have no way but to move further northwards.

“We wanted to make sure that our interests in the JV were sufficiently protected and we had the right kind of protections and the right kind of access,” Western Digital Chief Executive Steve Milligan told a conference call.Toshiba gained the upper hand in negotiations with Western Digital after securing a $5.Toshiba Corp and its chip business China pallet mold Manufacturers partner Western Digital Corp agreed to settle a long-running dispute over the embattled Japanese conglomerate’s plans to sell its chip unit, the companies said in a statement, removing a key obstacle to the deal.The joint statement said both companies “have agreed on mutual protections for their assets and confidential information in connection with the sale of Toshiba Memory, and on collaborating to ensure the future success of Toshiba Memory as a public company following an eventual IPO.

The ownership ratio for the joint ventures remains 50.They also plan to enter into a definitive agreement “in due course” under which Western Digital will participate in a new chip plant that Toshiba will start building next year in northern Japan, the statement said.1 percent for Toshiba and 49.Argyle Street Management Ltd, a Hong Kong-based hedge fund with $1.South Korean chipmaker SK Hynix Inc’s participation in the Bain consortium has infuriated Western Digital and a key sticking point in recent weeks had been how to ensure it would be blocked from accessing proprietary information that belonged to the chip unit, sources have previously said.Argyle is inviting the 30-plus overseas investors who participated in Toshiba’s new share issue to team up in opposition to the deal although it remains to be seen just how much traction it will gain.. The current agreements are set to start expiring from 2021.The sale also needs to clear regulatory reviews, but they are not expected to scuttle the deal.9 percent for Western Digital.The settlement calls for Western Digital to drop arbitration claims seeking to stop the sale to the Bain consortium in exchange for Toshiba allowing the US partner to invest in a new production line starting next year for advanced memory chips.4 billion cash injection from overseas funds that will allow it to bolster its balance sheet before the end of March and avoid a delisting.

Sources said OMCs have not been issued any written order on petrol prices, but the government being its largest shareholder has exercised its control to make sure that companies absorb a portion of the hike in retail prices and prevent consumers from paying abnormally higher prices. Companies are fixing the fuel prices on the basis of international oil prices,” Pradhan told reporters.But the system has now become a big headache for the government as constant increase in global prices is pushing up retail petrol and diesel prices daily. This would mean OMC would start China crate mold Suppliers incurring losses on selling the product in Delhi very soon.State-run fuel retailers Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp switched to daily price revision from a fortnightly pricing system in June as the government sought to further the pricing reforms in the sector when prices remained subdued. What has pinched the consumers most is that after the switch over to daily price revision by OMCs in July, retail price of petrol and diesel has consistently moved up with reductions only in the first fortnight period.“The finance ministry is not inclined to cut excise duty as revenue mobilisation is paramount to prevent fiscal deficit from going further out of control.

Moreover, Opec is also working a production related arrangement with US shale oil producers that could continue the present surge in oil prices. Rather than price control, the effort should be reduce excise duty on petroleum products. Crude oil price (Indian basket) is hovering around $65 a barrel (Indian basket) while retail price of petrol has reached at Rs 73.To test the new scheme, sources said OMCs would absorb any hike in petrol price beyond Rs 75 only in Delhi.“There is no such direction (to hold price hike). The October 4, Rs 2 excise duty cut is first such announcement by the government. Saudi Crown Prince Mohammed bin Salman has already linked his expectation of higher oil prices of $ 80 with the timing of the initial public offering of world’s largest oil company Saudi Aramco later this year. This would ease the situation and price controls could be withdrawn,” said a government official not willing to be named. The big criticism the government has faced is on account of higher petrol and diesel prices even though global oil prices have remained low in an oversupplied market. In fact, this was the logic given by the government when it raised excise duty on products on nine occasions between 2014-16 when crude oil prices were low,” said an oil industry expert asking not to be named.“The government seems to be experimenting too much to control the situation of rising petrol prices.94 a litre and given that benchmark Brent crude oil price is rising and has reached close to $ 72 barrel while the Indian basket of crude is hovering just below $ 70 a barrel, it would soon breach the Rs 75 a litre mark.

The rear profile features LED tail lamps, and like always, they look more Volvo-ish than China automotive injection mold Honda.5-litre VTEC Turbo, a direct-injected, turbocharged petrol producing 190PS of max power and 242Nm of max torque. Interiors and Features As is the case with the exterior, the 2017 CR-V features completely redesigned interiors, incorporating upgraded materials such as a new soft-touch instrument panel and more intricately stitched seats.5-litre turbo. It is likely to be launched in the European market next year and will hit Indian market in a couple of years. Let's have a look at the 2017 Honda CR-V. We also expect that Honda will offer a diesel with the fifth-generation model of the SUV in India. The SUV will also feature a family of latest turbocharged petrol engines, the VTEC Turbo. It will offer Honda’s latest seven-inch touchscreen infotainment system, which protrudes out of the dashboard. It will be powered by a 1. It will also come with the carried over 2. Both engines will be mated to a continuously variable transmission (CVT) with Honda G-Shift control logic and it comes with an option of FWD (front-wheel-drive) or AWD (all-wheel-drive) drivetrain. Like we have mentioned before, the 2017 CR-V is based on Honda’s latest global compact platform and courtesy of it, the CR-V has grown nearly 38mm in length. The Suite will come with CMBS (collision mitigation braking) with (FCW) forward collision warning and pedestrian-sensing capability,

RDM (road departure mitigation) with LDW (lane departure warning), ACC (adaptive cruise control) with low-speed follow and LKAS (lane keeping assist). It is based on the compact global platform upon which the tenth-generation Civic is also based.The new CR-V will probably be launched in the European market next year and will hit the Indian market after a couple of years.com. Design and PlatformThe CR-V borrows design cues from the latest Hondas (especially the current-gen Civic), featuring a ‘windswept’ front end. It now has a longer bonnet compared to the previous model and offers all-LED headlights with wing-shaped LED daytime running lights, both found on the India-bound face-lifted Accord and the Civic.Mechanicals The 2017 CR-V will offer turbocharged petrol for the first time ever since its inception in 1997.Rest of the new features in the 2017 CR-V include remote engine start, dual-zone climate controls, heated side mirrors, an EPB (electric parking brake), rear USB charging ports, front passenger seats with four-way power adjustment and driver's seat with eight-way power adjustment and four-way power lumbar support along with heated front seats. Besides the regular features such as multiple airbags and ABS (anti-lock braking system), the new safety equipment in the 2017 CR-V will include an updated Honda Sensing Suite (not available in India).