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Fuel Pricing in India : Detailed Analysis

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  • #16
    Came across; what a shame!!!

    No roads, people strict in collecting taxes, poor living standards, largest slums, country with highest aids & not to mention one of the country with highest road accidents also has highest fuel prices!!!

    Comparison of Global Petrol Prices across the world with India
    Skill is what keeps you on a Motorcycle
    Awareness + Skill is what keeps you out of harm's way
    ATGATT + Awareness + Skill means you might Live To Ride another day

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    • #17
      Originally posted by aargee View Post
      Came across; what a shame!!!

      No roads, people strict in collecting taxes, poor living standards, largest slums, country with highest aids & not to mention one of the country with highest road accidents also has highest fuel prices!!!

      Comparison of Global Petrol Prices across the world with India
      india is an utter chaos,and we indian people are mighty tolerant to everything.
      and the question remains why do i race?
      every finishing line is the begining of a new race.

      #i have learnt to manipulate my own adrenaline and the perception of biking is different.
      #overkill is underrated.
      #how random roads may appear there is always a destination.sigpic
      #i don't subscribe to co-incidence,either it is the rider or the other moron on the road
      (:)people keeps on saying add spark to life, bajaj got hold of that idea and added an extra spark to bike.

      Comment

      • #18
        Originally posted by sayank10 View Post
        india is an utter chaos,and we indian people are mighty tolerant to everything.
        +1000.
        this is what happens when populations increases like hell and most people are poor.
        Yamaha YZF-R15

        Riding a motorcycle is like living in a video game where people are trying to kill you.

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        • #19
          Originally posted by christo View Post
          +1000.
          this is what happens when populations increases like hell and most people are poor.
          and add to that the uneven distribution of money,one class is getting more than what is actually needed,one class is deprived of everything and the middle class somehow managing to squeeze in between is silent audience of great indian socio- economical drama.
          and the question remains why do i race?
          every finishing line is the begining of a new race.

          #i have learnt to manipulate my own adrenaline and the perception of biking is different.
          #overkill is underrated.
          #how random roads may appear there is always a destination.sigpic
          #i don't subscribe to co-incidence,either it is the rider or the other moron on the road
          (:)people keeps on saying add spark to life, bajaj got hold of that idea and added an extra spark to bike.

          Comment

          • #20
            You guys are jumping from somewhere to nowhere!!! If you talk about population, ever heard population density? It means, people per square Km.

            India is way lesser compared to countries like HK, Singapore, South Korea & slightly lesser than even Japan. So does that mean all these countries run into utter chaos & people tolerate to everything?

            C'mon, think over. Its not the population; its the lack of ENFORCEMENT. All the law in this country is excellent, but on papers & only remains on paper.
            Skill is what keeps you on a Motorcycle
            Awareness + Skill is what keeps you out of harm's way
            ATGATT + Awareness + Skill means you might Live To Ride another day

            Comment

            • #21
              Originally posted by siddharth_ZMR View Post
              Well these are segment results which are a part of the main company IOC.. segment results are partial and not necessarily reflect the true picture i.e. the consolidated financials of IOC...
              Pardon me for replying to an old post. But it is indeed IOC's results. They have given break-up by segment. What you see in bold as 'Total Revenue' is IOC's or in your words 'consolidated financials' revenue/PAT.
              A lone amateur built the ark. A large group of professionals built the Titanic...

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              • #22
                i wud like to pin point to the error in the first post

                i have learnt applied chemistry in my engineering first year and using appropriate temperature machinery pressure and chemical reactions u can convert crude into what so ever amount of percentage of petrol u want...be it 90% or 40%...so that break up u gave is just an example...not straight fact that 50% is petrol...infact if u want u can get 70% diesel...depends on what the company is producing
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                • #23
                  Re: Fuel Pricing in India : Detailed Analysis

                  Lil bit off topic - I recently noticed whenever I purchase petrol from Shell petrol pump using my Citibank credit card, I get charged extra. Has anyone noticed this? Does this happen to other credit card users or at any other petrol pumps?
                  Any inputs regarding this is appreciated. Thanks in advance..

                  Comment

                  • #24
                    Re: Fuel Pricing in India : Detailed Analysis

                    Originally posted by rajk727 View Post
                    Lil bit off topic - I recently noticed whenever I purchase petrol from Shell petrol pump using my Citibank credit card, I get charged extra. Has anyone noticed this? Does this happen to other credit card users or at any other petrol pumps?
                    Any inputs regarding this is appreciated. Thanks in advance..
                    Its the 2% surcharge scam prevalent across the nation. Its the tax meant to be paid by the merchant, but fore some strange reason, nobody protests.
                    Got a $5 head? Get a $5 helmet.
                    Because everyone who passes, isn't a martyr!

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                    • #25
                      Re: Fuel Pricing in India : Detailed Analysis

                      Originally posted by rajk727 View Post
                      Lil bit off topic - I recently noticed whenever I purchase petrol from Shell petrol pump using my Citibank credit card, I get charged extra. Has anyone noticed this? Does this happen to other credit card users or at any other petrol pumps?
                      Any inputs regarding this is appreciated. Thanks in advance..
                      Originally posted by Divya Sharan View Post
                      Its the 2% surcharge scam prevalent across the nation. Its the tax meant to be paid by the merchant, but fore some strange reason, nobody protests.
                      Its the gateway charges charged by the bank machine where you swipe your card. For example, petrol bunk has the machine from Axis bank & you have SBI card then Axis will charge SBI & SBI charges the customer.

                      Sent from my Nexus 4 using xBhp Connect mobile app
                      Being best is not about beating everyone. It's about how much you learn from others and make yourself even better

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                      • #26
                        Re: Fuel Pricing in India : Detailed Analysis

                        Originally posted by rajk727 View Post
                        Lil bit off topic - I recently noticed whenever I purchase petrol from Shell petrol pump using my Citibank credit card, I get charged extra. Has anyone noticed this? Does this happen to other credit card users or at any other petrol pumps?
                        Any inputs regarding this is appreciated. Thanks in advance..
                        Originally posted by Divya Sharan View Post
                        Its the 2% surcharge scam prevalent across the nation. Its the tax meant to be paid by the merchant, but fore some strange reason, nobody protests.
                        Originally posted by ankur2smart View Post
                        Its the gateway charges charged by the bank machine where you swipe your card. For example, petrol bunk has the machine from Axis bank & you have SBI card then Axis will charge SBI & SBI charges the customer.

                        Sent from my Nexus 4 using xBhp Connect mobile app
                        This is because selling petrol has very small margins to it. The 1.7 to 2% charge of banks is not viable, hence banks directly charge these to the customer. At other places, if you notice, the merchant himself will charge the 1-2% to you for using card, whereas here the bank directly charges. Hence these bunks have special tie ups with banks, example, HP with ICICI bank, where if you swipe your ICICI card at HP then the charges are discounted.
                        Regardless, Life shall go on.

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                        • #27
                          Re: Fuel Pricing in India : Detailed Analysis

                          Originally posted by rajk727 View Post
                          Lil bit off topic - I recently noticed whenever I purchase petrol from Shell petrol pump using my Citibank credit card, I get charged extra. Has anyone noticed this? Does this happen to other credit card users or at any other petrol pumps?
                          Any inputs regarding this is appreciated. Thanks in advance..
                          citi bank has a tie up with ioc
                          if u fill in ioc where there is a citibank machine you will not be charged

                          Comment

                          • #28
                            Re: Fuel Pricing in India : Detailed Analysis

                            The Credit Card charges differ from Outlet to card issuing Parent Bank...For instance I have a CitiBank card which says nill charges with IOC , a HDFC card that allows me to fill in any vendor throughout India with no charges , for any fill equal to or above Rs.,400/-..
                            I also have a ICICI card which doesn't charge me anything irrespective of Value or Vendor....
                            When Was The Last Time,You Did Something For The First Time.

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                            • #29
                              Re: Fuel Pricing in India : Detailed Analysis

                              Yes it's vendor specific I have a Citibank IOC card and the petrol pump vendor has a Citibank swipe machine I don't get charged at all.
                              • Truth is stranger than fiction - MC .

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                              • #30
                                Re: Fuel Pricing in India : Detailed Analysis

                                Come on guys! As replied by Divya Sharan, no surcharge to be paid to the bank and or any establishments on electronic purchases. You can simply refuse to pay and ask clarification from the bank. There is no rule as such for surcharge payment.
                                Avoid noise pollution. Avoid honking.

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