Petrol prices update thread

[J K]

Here in Kerala, its decreased to 69.51 from 72.

[r13nick]

will it be from todays night or its already been . . ?

[antz.bin]

will it be from todays night or its already been . . ?

Already Reduced

[eliksir]

Here in Kerala, its decreased to 69.51 from 72.

increased by 60 paise courtesy state govt.

70.10 in calicut now.

[shirish]

increased by 60 paise courtesy state govt.

70.10 in calicut now.

Still lesser than hyd (74.8)

[Divya Sharan]

Petrol dearer by 70 paise in Delhi, 91 paise in B'lore

Petrol price hiked by 70 paise per litre, could be raised again - The Economic Times

Lol... Its a joke nowadays... Doesn't affect my daily ride anymore....

[antz.bin]

Indian Oil tweaks fuel tax levies within states

Indian Oil has said that fuel tax levies within states have been tweaked. The company said that they will implement revised 'state specific cost' to cover irrecoverable taxes, reports Siddharth Zarabi of CNBC-TV18.

The company has issued the statement and for two reason the statement is important. Firstly, it raises the price of diesel amongst other products in several states. As a result of the decision, diesel price is up in seven states. Kerosene prices is up in eight states, LPG cooking gas prices have increased in six states and petrol prices have increased in seven states.


A parallel reduction in diesel has happened in 11 states and the other sea products. States like Assam, Bihar, West Bengal and Maharashtra will see an increase in diesel price.


As a result of which price in Assam will increase by Rs 2 and Rs 1.5 in Bihar. This scheme will now come into play with effect from 6 hours back and will be reviewed every quarter.


Earlier, there was speculation that diesel prices will be increased by Rs 3, but now, old scheme on irrecoverable taxes has been bought back by the oil companies which permits them to tweak all the four products including the politically sensitive products, LPG and kerosene.


The oil companies are forming this rationalization and they will link it to the taxation.


Long-term view on this development implies that a major step has been introduced using a different technique for the first time where kerosene and LPG prices are also under the graph of rationalization.


We may not see a major increase in diesel price or decrease in other products. We are now going to live with the scheme where prices will fluctuate under the cost recovery scheme every quarter.

Source: Indian Oil tweaks fuel tax levies within states - CNBC-TV18

[sunny_]

again at 76+! what the hell

[MHG]

We seriously need deregularization of fuel prices like in the US. Petrol, Kerosene, Diesel, LPG and CNG should all be sold at open market prices.

PS: I use Shell these days so thankfully prices are a bit lower than government prices

[saurabh81]

We seriously need deregularization of fuel prices like in the US. Petrol, Kerosene, Diesel, LPG and CNG should all be sold at open market prices.

PS: I use Shell these days so thankfully prices are a bit lower than government prices

+1...
The sooner we come out of these trivial issues, the faster we can think of real development.
We should have done this 20 years back, when fuel was cheap and hence there was less fuel politics...

[shahbaz63]

78.16 ~ in Thane :/

I think its highest if i am not wrong ! Anybody ??? Mumbaikar & thaneits pay's more then other everytime

[Samarth 619]

72.27 Rs/ Litre in Ajmer, this was few days back.

[aman15]

78.16 ~ in Thane :/

I think its highest if i am not wrong ! Anybody ??? Mumbaikar & thaneits pay's more then other everytime

Are you serious ?? Which petrol pump mate?? Even shell's super petrol(77.40) in pune isnt that costly ..

[shahbaz63]

Every Petrol Pump Thane is 3 rupees costlier then Mumbai

[Janesh.J]

Shell petrol price

Shell has increased the price of petrol by Rs. 2 to Rs. 3 in Vadodara. Super ULP costs Rs. 80.75.