Petrol prices update thread

[saurabh81]

Err, if you consider if you consider most of the countries costing more than India, their spending power is much more than ours. Most people there earn enough to pay the seemingly higher fuel bills. This is just one point. There are various other economic factors which would dictate an 'affordable' price of fuel in a particular country/region.

Bottom line is, when we had subsidised fuel, the tax on it was very high. Now that they've decontrolled prices, to match global crude prices, it doesn't take a rocket scientist to understand that this high tax rate should definitely be reduced to make it fair. After all was that the whole point of decontrolling it?

p.s. Norway has one of the highest tax rates in the world. About 40-45% of the GDP. But they provide free public transport, free healthcare and free higher education. Quite a bargain all things considered eh? A friend said a packet of bread cost 150 rupees in Austria if converted to rupees. Such is their spending power. You can't directly compare Indian pricing to foreign.

It does not require rocket science, but indeed requires common sense to read a post properly. I have mentioned about countries with petrol cheaper than India. And that India is at middle. So its not as bad as ppl are trying to make it feel like.

[julian]

It does not require rocket science, but indeed requires common sense to read a post properly. I have mentioned about countries with petrol cheaper than India. And that India is at middle. So its not as bad as ppl are trying to make it feel like.

Looks like you didn't read my post either...

[Satyamzma]

Petrol Prices may Reduce further ...

[mid]

Looks like you didn't read my post either...

+1

The price comparison list posted above itself is vague. You just can't compare excluding all other economic factors. Most of the countries above India in d list are major petroleum producing countries, so prices expect to be on the lower side. And the countries below India, most of them are European or wealthier nations(higher per capita) where an average Joe enjoys more goodies(say spending power) than us.

[vickks]

It does not require rocket science, but indeed requires common sense to read a post properly. I have mentioned about countries with petrol cheaper than India. And that India is at middle. So its not as bad as ppl are trying to make it feel like.

The comparision you gave is just 1 dimentional. Take in UK, it might be 119.8rs/l but just compare the average salary in UK and in India. If I start having an income of 25 LPA from my first job, even I won't complain to whatever the price of petrol is. The ratio in petrol rate v/s income UK is 0.000047 while in India is 0.00027.

[shv18]

Primary problem is that there is no uniform tax structure.. every state has different rates for fuel which is what is pissing off!! Goa if i remember correctly is some 11 rupees cheaper than Maharashtra.. Forget Maharashtra even Mumbai has special rates to milk us out.. why so?

[jigar2speed]

You are reiterating the same point as every one know, including me. As I am also from the same middle class.

Aam aadmi,commodities prices, monthly budget etc. are correct. But does it makes sens to crib about it? Can cribbing produce more crude and bring down the price?

Just hink about one simple point:
Does the government produces the petrol or decides the price of crude oil?
NO. Its the international market which controls the price.

And answer one simple question:
If the price of crude and $ is high, how can the govt. reduce the price of fuel?

In short you have zero ideas, how the system work... Ok i am out of here.

[itsmevini123]

You are reiterating the same point as every one know, including me. As I am also from the same middle class.

Aam aadmi,commodities prices, monthly budget etc. are correct. But does it makes sens to crib about it? Can cribbing produce more crude and bring down the price?

Just hink about one simple point:
Does the government produces the petrol or decides the price of crude oil?
NO. Its the international market which controls the price.

And answer one simple question:
If the price of crude and $ is high, how can the govt. reduce the price of fuel?

Bro you are absolutely right, but this formula apply on those country where people can pay the charges as international market goes up & down, but due to gov's wrong policies at every step rupee is dying and $ is going high, which directly affect common people..

We chosen and selected the gov. to manage this all correctly, not to just give excuse every time, gov. is getting almost 30-35 rupee of tax on per litre..., how they could do this, they can increase some taxes on other secondary life product, which specially used by those who can bare daily price hikes and it can go on and on....

It all depends on management, If they even cant manage them selves correctly, how they will manage rest...

[saurabh81]

When i first replied to this topic i knew i'll raise goose bumps. Because unfortunately fuel price has became a sentimental issue in our country. Which politicians encourage and make use of. Unlike majority of countries across the world, where govt does not regulates the fuel price and citizens are use to it.

+1
The price comparison list posted above itself is vague. You just can't compare excluding all other economic factors. Most of the countries above India in d list are major petroleum producing countries, so prices expect to be on the lower side. And the countries below India, most of them are European or wealthier nations(higher per capita) where an average Joe enjoys more goodies(say spending power) than us.

You can also find underdeveloped and developing countries.
Unfortunately price of crude and $ does not depends on GDP, PPP, per capita income or any other term for that matter. Its international price. In fact price of most of the commodities is similar across the world may it be Gold etc or even Cars, electronics etc.

The comparision you gave is just 1 dimentional. Take in UK, it might be 119.8rs/l but just compare the average salary in UK and in India. If I start having an income of 25 LPA from my first job, even I won't complain to whatever the price of petrol is. The ratio in petrol rate v/s income UK is 0.000047 while in India is 0.00027.

Unfortunately price of crude and $ does not depends on GDP, PPP, per capita income or any other term for that matter. Its international price. In fact price of most of the commodities is similar across the world may it be Gold etc or even Cars, electronics etc.

In short you have zero ideas, how the system work... Ok i am out of here.

I told you already, if u have different views, quote it, don't go personal.
Anyways I spare you, as you are already gone...

Bro you are absolutely right, but this formula apply on those country where people can pay the charges as international market goes up & down, but due to gov's wrong policies at every step rupee is dying and $ is going high, which directly affect common people..

We chosen and selected the gov. to manage this all correctly, not to just give excuse every time, gov. is getting almost 30-35 rupee of tax on per litre..., how they could do this, they can increase some taxes on other secondary life product, which specially used by those who can bare daily price hikes and it can go on and on....

It all depends on management, If they even cant manage them selves correctly, how they will manage rest...

Exactly this is the actual point to be raised...
if we have to point out, its the gov't policies. Petrol price is only the outcome.
If the money collected from taxes is well spent, not many ppl will have worries about the fuel prices. we will be happy to pay high taxes if it aids development and provide better life.

For all those who are dissatisfied with this fluctuating fuel price: "Get used to it!!!" is the only word. It's a truth and we have to learn to live with it.
We don''t produce petrol, we buy it and the word is flat, so we have to buy it at the same price what it is sold to developed nations. Love it or not.

I too find it difficult with petrol @ 80+ in Bangalore and having a petrol car and a bike that give an average of ~30. So switching over to a diesel car (ya its a flaw in govt. policy which I am making use of) because I know, petrol will not get cheaper to a larger extent.

[Rashid]

I knew this answer will come :-)...

And what to do with the short recoveries of the revenue lost due to reducing the taxes? Any how we need that money of our own development?
Either we have to pass on that tax to something else. In this case price of that thing will go up? And we will crib for that thing.
Or wore, stop development activities because we need cheap petrol???
Ok, for some time lets consider reducing taxes. Then the next que. will be TILL WHEN?
If every time fuel price goes up govt. reduces taxes. A day will come when tax will become 0. After that what to do? Govt. to should start giving money to stop fuel prices from going up?
Do you think any of these options is feasible???

Does everything you said justify looting the average man with such high taxes? Is it just that a rich man Driving a luxury diesel car enjoys govt. provided subsidies and a lower/middle class fellow is looted for his travels?
You are making it sounds like petrol is the only taxable commodity in market!,Instead of looting petrol consumers govt. should take necessary steps for an efficient tax collection system, I am sure that you know in land sales only a part of the price is shown in paper to reduce the stamp paper cost, most jewelries here in Kerala never issues a bill instead issues an Estimate only for cheating on sales tax and these are just minor examples.

And BTW IMA(pS)O a bit lower tax rate on a highly demanded commodity like petrol might increase govt. revenue as long as petrol remains available.

[itsmevini123]

I must say 100/liter is not so far and this horrible dream is gonna come by end of this year....

Corrupt Gadhe desh chala rahe hai....

[krish2778]

Saw a news report today stating that the petrol prise might be reduced by 2rs.

CHEERS
Ride Safe
Krishna

[jigar2speed]

Saw a news report today stating that the petrol prise might be reduced by 2rs.

CHEERS
Ride Safe
Krishna

Dam this is a sad news, that means, 10 rupees increase is coming soon in future.

[Vikshe]

Does everything you said justify looting the average man with such high taxes? Is it just that a rich man Driving a luxury diesel car enjoys govt. provided subsidies and a lower/middle class fellow is looted for his travels?
You are making it sounds like petrol is the only taxable commodity in market!,Instead of looting petrol consumers govt. should take necessary steps for an efficient tax collection system, I am sure that you know in land sales only a part of the price is shown in paper to reduce the stamp paper cost, most jewelries here in Kerala never issues a bill instead issues an Estimate only for cheating on sales tax and these are just minor examples.

And BTW IMA(pS)O a bit lower tax rate on a highly demanded commodity like petrol might increase govt. revenue as long as petrol remains available.

Petrol like LPG is poor/ middle/ upper middle class comodity , which was luxary some years ago . all low cost cars and virtually all bikes ( most affordable) runs on petrol. govt should than regulate vehicle manufactures and registrations ,if its afraid ( which it is) of oil companies.

[Vikshe]

Saw a news report today stating that the petrol prise might be reduced by 2rs.

CHEERS
Ride Safe
Krishna

Its sad news and stupid politics of fooling mass public (which we really are) , they should have taken all price rise back.