Retail prices of diesel and gasoline raised
China has raised the retail prices of gasoline and diesel on Tuesday, the country’s top economic regulator said. Based on recent changes in international oil prices, the retail prices of gasoline and diesel will rise by 55 yuan ($7.83) and 50 yuan per metric ton, respectively, according to the National Development and Reform Commission. Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per ton and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.
A new service developed by social media giant Facebook to allow its users to transfer data from Facebook to another online platform has been put into use on a trial basis in Ireland, local media reported on Monday. Starting from Monday, Facebook users in Ireland will be able to move their photos and videos directly to Google Photos, making them the first users of such a service in the world, said RTE, a national radio and television broadcaster in Ireland. The photo transfer tool can be accessed in the Your Facebook Information section of the app’s settings, said the report, adding that all data transferred will be encrypted and users will be required to enter their password before a transfer begins.
Indian automobile companies continued with its declining sales trend in November with three companies on Sunday indicating a drop in its monthly sales volume. The Mahindra group’s auto company reported total sales including domestic and exports of 41,235 vehicles in November compared to 45,101 vehicles in November 2018, down 9 percent. In the preceding month of October, the company had report sales of 51,896 units. “The month post festive season is historically a lean month for the automotive industry. Consumer demand, especially for passenger vehicles, typically picks up in the year-end that is in December. Therefore, we expect December to pan out better for the automotive industry,” said Veejay Ram Nakra, chief of Sales and Marketing, Automotive Division, Mahindra and Mahindra Ltd.