Petrol prices update thread

[eliksir]

its kind of like a one way function

[antz.bin]

its kind of like a one way function

Looking at the date I made my previous post in this thread... the prices have only risen... and by well over $5

[zakisback]

i think we xbhpians should also defend against governments this type fuel price increasing attitude!

[shirish]

Crude oil: Weekly Chart (Last 200 weeks)


Also, before cursing the government, we must not forget that the govt. had artificially kept the Petrol prices in the Rs.40-Rs.50 region back in 2008-09 so that the common man does not suffer even though Crude was trading @ $130-$140 at the time.

Well afaik, they didnot hike the petrol prices as the elections were scheduled for 2009. Else we all know what would have happened. Correct me if im wrong

[Satyamzma]

According to Yahoo. PSUs are considering another round of petrol price hike as losses have mounted to Rs.3 per liter of petrol sold as prices of crude have gone on to hit $109.37 a barrel on Monday from an average of $107.24 in August end.

Since its deregulation, Petrol has been rising at the speed of light! Prices have increased many times since last June (when it was deregulated) and the current price at most places is approximately 50% over the price before deregulation. A shocker came in May this year when petrol was hiked by Rs.5 per liter in one of the steepest hikes ever.

[CJ]

The expected hike may be around 3rs! WTF!

[antz.bin]

Arre but crude has reduced further!!!!! Why the hike!?!?!!?!? (Check chart in the link above)

[Krish1417]

[dpak89]

^ and did you forget that not all the quantity is converted into petrol!! some gets wasted too!! and some goes into other forms diesel kerosene etc!!

[rharish90]

Any news of a fuel price hike in the near future?

[Nithesh]

Call it irony but yesterday i was thinking about my fuel expenses AND i was calculating it as 100bucks/litre
IF you guys do it that way you might feel a bit relieved until the price crosses the 100 bucks mark

[rharish90]

Call it irony but yesterday i was thinking about my fuel expenses AND i was calculating it as 100bucks/litre
IF you guys do it that way you might feel a bit relieved until the price crosses the 100 bucks mark

Ya and then raise it again

[srikany]

The actual cost of petrol

I suppose there is no logic in still taxing petrol and diesel so high and crying foul that oil cos are losing money selling them. The high taxes made sense may be a few decades ago when personal transport was deemed to be a luxury and hence the high taxes. Indirect taxes and Service tax flows were non-existant then and the old logic no longer is valid. I wonder how many of the developing coutries squeeze this kind of tax on petroleum products.

[sinnerz2000]

if the prices keep increasing like this it won't be long till we see more splendors on the street dat too mileage tuned ones lol

[Satyamzma]

if the prices keep increasing like this it won't be long till we see more splendors on the street dat too mileage tuned ones lol

Ready to shift to fourthcoming Honda 100cc bike from my ZMA