Petrol prices update thread

[pulsater]

Re: Petrol prices update thread

The news is that there will be further cut in petrol prices in early january

[psr]

Re: Petrol prices update thread

Crude oil prices have came down to $60 from $110 But Petrol has come down from 75 to 63 Only, People never think of this and get happy with the Little Lollipops that these gov. give to us

Hence, We don't have any choice to be happy with thinking that at least something is cut down

We Indians are happy if price of anything is raised by 50% and reduced by 25% afterwards....sad but true. The Govt., had silently increased the Excise and other taxes on the finished product, and had also handed out a larger margin on sales to the vendors.....so the price is STABILIZED now...

[Cleaner]

Re: Petrol prices update thread

Capital Mind – Crude Price Falls, But Govt Keeps Raising Excise Duty To Match

[Pritesh Patel]

Re: Petrol prices update thread

There aren't any shell pumps here in kolkata, right?

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No bro there are no shell bunks in kolkata , i also searched for it.

[Naveen1985]

Re: Petrol prices update thread

We Indians are happy if price of anything is raised by 50% and reduced by 25% afterwards....sad but true. The Govt., had silently increased the Excise and other taxes on the finished product, and had also handed out a larger margin on sales to the vendors.....so the price is STABILIZED now...

Achhe din aa gaye...
Well done Narendra Modi...


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[psr]

Re: Petrol prices update thread

Recent news on the Petrol price....Price of Petrol and Diesel raised by Rs.2/- each per liter,to fund Highways Development...so what happened to the already allocated fund ? and will the Govt., ensure the Govt., developed roads will not be handed over to Private players to collect Toll ?
ATF price is reduced by 12.5%...but the reduction will not be passed on to the Flyers ???????

No matter who sits in the Govt., we Indians are scape goats made to dance to their tunes...

[Anuj_Gupta]

Re: Petrol prices update thread

Recent news on the Petrol price....Price of Petrol and Diesel raised by Rs.2/- each per liter,to fund Highways Development...so what happened to the already allocated fund ? and will the Govt., ensure the Govt., developed roads will not be handed over to Private players to collect Toll ?
ATF price is reduced by 12.5%...but the reduction will not be passed on to the Flyers ???????

No matter who sits in the Govt., we Indians are scape goats made to dance to their tunes...

Sir your info is little bit wrong.
Recent 2₹ surcharge hike is for infrastructure development, not for highways only.
Petrol has come down almost a 10₹ ,and yet not a minute decrement in any kind of fares ,it goes 1₹ above, everyone gets crazy. .!!

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[psr]

Re: Petrol prices update thread

Sir your info is little bit wrong.
Recent 2₹ surcharge hike is for infrastructure development, not for highways only.
Petrol has come down almost a 10₹ ,and yet not a minute decrement in any kind of fares ,it goes 1₹ above, everyone gets crazy. .!!

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The news I saw meant mainly highway development...so I shared same info...The international crude price had come down from $ 110 to $ 60 a barrel...almost half the price, still the decrease in our internal pricing had seen only 12~15 % reduction in pricing(depending on state) . The Govt., had claimed that it had delinked and ruled out subsidized fuel pricing ,yet the fuel price is not actually following international pricing...and all the while excise and additional charges have been levied and fuel price not allowed to come down below 12~15 %...
When the crude price starts going up, we will end up paying much more now than before due to these additional levies....

[Anuj_Gupta]

Re: Petrol prices update thread

The news I saw meant mainly highway development...so I shared same info...The international crude price had come down from $ 110 to $ 60 a barrel...almost half the price, still the decrease in our internal pricing had seen only 12~15 % reduction in pricing(depending on state) . The Govt., had claimed that it had delinked and ruled out subsidized fuel pricing ,yet the fuel price is not actually following international pricing...and all the while excise and additional charges have been levied and fuel price not allowed to come down below 12~15 %...
When the crude price starts going up, we will end up paying much more now than before due to these additional levies....

Media is like a whoo re pleasing its customers for attention. Best news sources are The hindu, dd/air news. They dont fragment the news and then wrap as suitable .
Oil barrel rates will go even as low as 40's this year ,opec hard a s s not to cut production, us shale production blooming, depression coming around the corner ,rubel going down are the major factors behind it.
No ,take it as your payment towards govt treasury for all the plan as well as non plan expenditure for apt growth. You cant expect Ferrari for the price of nano..so i dont mind paying more (or less) .
As barrel rates will go up ,govt consecutively will cut excise duties to provide cushion for the price bomb.
And yes ,nothing is autonomous in our country, NOT EVEN RBI ,which has its oWN will in the book of constitution, and yet is a puppet in hands of govt.

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[veryhiphop]

Re: Petrol prices update thread

Political Parties should not take credit of Decrease Prices of Oil....we all must familiar that India imports 90% of oil....The crude oil prices are lower since 2008....

If oil goes to $200 in Internal Market ..will current petrol price remain same?....Answer is NO.....and we must be ready to accept this.....

[itsmevini123]

Re: Petrol prices update thread

Political Parties should not take credit of Decrease Prices of Oil....we all must familiar that India imports 90% of oil....The crude oil prices are lower since 2008....

If oil goes to $200 in Internal Market ..will current petrol price remain same?....Answer is NO.....and we must be ready to accept this.....

We know the truth of them very well buddy, on the name of de-regularization of fuel prices where international market decides the fuel prices, they still have full control on fuel prices

Recent news on the Petrol price....Price of Petrol and Diesel raised by Rs.2/- each per liter,to fund Highways Development...so what happened to the already allocated fund ? and will the Govt., ensure the Govt., developed roads will not be handed over to Private players to collect Toll ?
ATF price is reduced by 12.5%...but the reduction will not be passed on to the Flyers ???????

No matter who sits in the Govt., we Indians are scape goats made to dance to their tunes...

And I don't know where that amount will go which is already budgeted for highway and highway will still remain the same

[tanay]

Re: Petrol prices update thread

Petrol prices cut by Rs 2.42 per liter from Friday ,16 Jan \\\'15

[krishna77]

Re: Petrol prices update thread

Good news to our ears!

[Nithesh]

Re: Petrol prices update thread

Could have been 4.xx if not for the 2.xx excise hike.
Petrol price cut by Rs 2.42/L, diesel Rs 2.25/L; excise hiked - The Times of India

[Cleaner]

Re: Petrol prices update thread

Well, this government seems desperate to meet budget deficit target as they keep hiking the excise duty like that.