Petrol prices update thread

[sarbanoxley]

Rs 5 what the hell is the gov. thinking? the congrASS party has screwed us once again .

[vishnups17]

Sucks ,sucks to the core,am seriously thinking to become green

[xionite]

hahaha! the government doesn't care guys.



rEvolution!

[tazz]

They waited till the election was over to Hike the price by 5 Rs.
Full on politics

Maybe i should be a car, or a bicycle.

[captain koli]

this govt needs all the abuse we at xbhp can give them they are looting the country bone dry the most corrupt govt in india from 1947-2011.

[Pinaki]

I had predicted this a few days back on the tyres thread , no surprises . There shall most probably(90% chance) be another 3-5 rupee hike per liter withing one month from now .

[vkuchhal]

Rs. 5 real bad...

and the news says another hike on the cards soon...

[Krish1417]

I had predicted this a few days back on the tyres thread , no surprises . There shall most probably(90% chance) be another 3-5 rupee hike per liter withing one month from now .

the days are near,when we will have to shell out 100 for a litre.

[DeepMahal]

Okay! It's INR 68.32 / Litre now (Western Bombay)

Just filled up 2.93 litre's off 200 bux.. wtf
No more green signal rear slide pick up's

[kedar3223]

can anyone tell me what is the international pricing system and who decides the price at which govt of india buys fuel? From where does it come? Is the govt. bearing heavy loses or are they increasing prices to fill their pockets.

[abhichotu.abhi]

can anyone tell me what is the international pricing system and who decides the price at which govt of india buys fuel? From where does it come? Is the govt. bearing heavy loses or are they increasing prices to fill their pockets.

Calculations of Petrol Prices in India

See the amount of taxes. They could bear the corruption but can't bear the reduction in taxes.

[CJ]

Considering buying a full efficient bike now after the price hike! Its 70.16 in Hyderabad

[princesirohi]

this is too bad, i really feel like mass murdering the ruling party..............

[Mik]

Another hike :-)
I am not against the hikes per se, considering that oil companies are still losing 4Rs a liter, even after the hike.
All those who cry against the tax component, please remember that government is able to give subsidy on kerosene and LPG because of the tax component only. While petrol prices in this country are higher than other countries with similar economic setup, LPG and kerosene are among the lowest.
Even with this hike, there is tremendous subsidy burden on the government and still oil companies are losing money. If i remember correctly, its half a percent of the indian economy. Thats how huge the impact is.
Because of the west asia conflict, oil prices have climbed up for quite some time since january - almost 20%. Because of the impending elections, the government didn't hike the prices immediately (as in, exerted pressure on the oil companies not to increase prices) Now is the time. Can't help it.
Also, if you still have anger against the government, some of it can be directed against state govts too :-) For eg. the left front in WB charged 25% as sales tax while they were always the first on the streets whenever there was a hike. Food for thought ?

Eventually, petrol prices will definitely go through the roof. Remember, its a perishable resource.

What we really need are more relevant green technologies. There has been a reduction in tax on electric vehicles this year. A neighbour bought one Hero EV for 24k on road. 70 km run at 25kmph. Perfect for a city runabout.

[madhav krishna]

I had predicted this a few days back on the tyres thread , no surprises . There shall most probably(90% chance) be another 3-5 rupee hike per liter withing one month from now .

Rs. 5 real bad...

and the news says another hike on the cards soon...

Tum log ab shubh shubh bolo....

Can anyone update me with the current petrol prices in bangalore?? (If checked personally) Does anyone know if the prices have been increased in all the companies or only a few. I mean like HP, IOC, BP etc.