Wow!! Nice to see I'm not the only ghost prowling this thread.
Just FYI, I do have some oil seepage around the crankcase breather and definitely some minor seepage around the cylinder head gasket area. This is typical 'Bajaj' behaviour, but this seepage definitely does not explain almost 500 ml of oil vanishing off.
I will check the airbox over the weekend, but there should have been a slight dip in power as the air filter should have struggled to breathe with the excess oil. I will also check the plugs for excess oil.
But to know the real story, will have to wait for a few months until I do open heart surgery to check the cylinder/head/valves to see if the source of the damage. With no time for long rides until later this year, I will continue topping up oil when it drops and I will continue riding in the city until something else goes drastically wrong. For now, I don't have the time/patience/interest/money to invest in fixing up this bike, maybe sometime towards the end of the year will think about it. For now, will continue to flog this dead horse.

[MENTION=26046]oldman[/MENTION]: 135 is absolutely decent top-end to be getting out of a "Stock" "220 Fi". When my bike was younger and completely stock it also used top out at 136-138 across all conditions. It's a different story that with taller gearing (thanks to the taller rear tyre) it was going all the way to 144-145.





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