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In the last 11 days, price of petrol has increased by Rs 10.02 and diesel by Rs 9.41.
The latest hike has been the 12th since March 22 which was preceded by a four-and-half-month hiatus.
A litre of petrol costs 88 paisa more while diesel price rose 84 paisa/litre on Wednesday.
In Kerala, petrol price rose 87 paise and diesel price rose 74 paise per litre. The petrol and diesel now cost Rs 109.51 and Rs 96.48 per litre respectively in Kochi, Kerala's economic hub.
India is 85 per cent dependent on imports for meeting its oil needs and so retail rates adjust accordingly to the global movement.
The finance minister was on a two-day post-Budget outreach programme in the country's financial capital, starting Monday.
According to the finance department assessment, the state government could profit Rs 4,000 crore annually by increasing pension age.
The comments followed a similarly withering assessment of digital currencies by RBI Governor Shaktikanta Das only days after the Indian government established a taxation framework for cryptocurrencies.
Having warned that private cryptocurrencies could undermine the RBI's ability to maintain financial stability, the central bank has plans to launch its own digital currency sometime next year.
The new corporate tax also does not apply to companies in Emirati free zones unless they conduct their business onshore. Another exception are oil and gas companies, which are subject to their own tax schemes.