Petrol price fluctuation and monitoring (India)

[crusader24]

already the price is high! why another increase!

and if petrol price increases, vegetable,food prices all will increase giving petrol price increase as excuse!

[joelkraju]

this is totally not good...

[shark80]

I am in Paris right now, the normal Petrol costs 1.29 Euros thats about Rs.80. I think we in India pay less for fuel compared to most countries.

[haxor]

Buddy if you start comparing things like this then!I am sorry to say you are totally wrong!

[enfro]

I am in Paris right now, the normal Petrol costs 1.29 Euros thats about Rs.80. I think we in India pay less for fuel compared to most countries.

Euro 1.29 in France is nothing when compared to Rs 55 in India (i speak in PPP terms)...It is not at all cheap!!!!!
On the other hand keeping price in accordance with world market price is always healthy for an economy that even so big, but then the thing is that even private refineries are getting heavily subsidized...so any price increase without stopping the subsidies to those refineries is THUMBS DOWN

[shark80]

The big picture is the fuel cost was much less here and they have increased in last 2 years, this is happening globally, not just in India. India does not produce all the required fuel, India imports them.

[haxor]

The big picture is the fuel cost was much less here and they have increased in last 2 years, this is happening globally, not just in India. India does not produce all the required fuel, India imports them.

Every Country In the world Imports Oil from Mid-East countries.
India only produces about 12% of its total requirement of oil!

[enfro]

Of course we are one of the biggest importer of crude in world..
haxor i think its little more than 15% and falling every year

[haxor]

Of course we are one of the biggest importer of crude in world..
haxor i think its little more than 15% and falling every year

I read it was 12% or so when I was in class 8,
Now I am in college 1st year!

anyway govt gives a lot of subsidies but i dont think it works!

[shrey_almighty]

I heard that India had struck oil somewhere in Rajasthan..Is that true?

[amits]

well the govt is notin short of a "vampire" suckin the blood/money of its citizens to feed the corrupt ***oles in the country

[pabi]

I heard that India had struck oil somewhere in Rajasthan..Is that true?

I heard they have found it in [KG]Krishna Godavari basin in Andhra and its very big resource . Hope this will ease the prices by 50 paise .

[RISHIS]

Guys. the division of the cost of the petrol is so very complex. the actual cost of the litre is around 28 rupees including shipping. The rest is Taxes. I mean 14 rupees or so is import duty and the rest is state tax and blah blah. I have been watching stock markets closely. I have always been a student of finance so i do observe the Economy of the Country. During the recent crisis which led to a very steep fall in oil prices. The oil was as cheaper as rs 10 per liter in Indian currency. The government companies according to a source purchased so much during these times that the fuel is enough for the next 5 years for the entire nation. In fact corrupt politicians also have purchased large amounts of fuel or crude shares from the International markets. The prices have just increased in India. And as some1 is comparing the European nations , guys the inflation over there is quite high in ratio of the salary.I mean those guys do not mind paying huge chunks of money because their income is high.

[RISHIS]

I am in Paris right now, the normal Petrol costs 1.29 Euros thats about Rs.80. I think we in India pay less for fuel compared to most countries.

Buddy next time ask the Petrol Pump attendant how much salary he earns. It must be surely more than what our BPOs earn in india.

[zayn]

need to learn fuel saving techniques..