Petrol prices update thread

[Mik]

The barrel touched 131 USD last week. In 2004 the barrel price was 28 USD. Food/Oil for thought.
By the way, barrel prices are not determined by our government, but by OPEC
Combined with the explosive growth in automobile sector and the economy as a whole (8%, the highest ever in any plan period. In previous plan period it was around 4.x%) and with India still being the third fastest growing large country in the world, our oil needs have gone up tremendously along with unprecedented consumer spending.
The rupee depreciating (good thing for exports, bad for imports) has not helped either. Couple that with some mis-management by Pranab da in the last budget, we are not in the best of shape.

[ksameer]

The barrel touched 131 USD last week. In 2004 the barrel price was 28 USD......

I looked up everywhere I could but couldn't find which crude oil has touched 131 USD!! EIA and Bloomberg says that even the brent crude is at around 110 USD. And India's oil basket has less of brent and more of cheaper sour crude!! Further, rupee has strengthened significantly from its low of 58 for 1 USD to below 55 currently!! I was even nearing 53 few days back. Further, oil futures predict fall in prices over coming months. I wonder how government calculates oil prices and from where does it buy oil!!

[zincha]

Yes. Elections. Price rise. Hurting Economy.

[psr]

This is not far off now.....

[utsavchs]

So in some places they are charging 77.99RS/Litre and somewhere they charged 78.35Rs/Litre. What is legit?

Seems it got increased a bit more than Re. 1.50/Litre

[krish2778]

So in some places they are charging 77.99RS/Litre and somewhere they charged 78.35Rs/Litre. What is legit?

Seems it got increased a bit more than Re. 1.50/Litre

I think the tax charges varies from place to place and also the transpotation charge too.

Cheers
Rids safe
Krishna

[manas34]

Again an increase in petrol by 1.40 very soon within like 3 months I belive the price of 1 ltr of petrol would be 80rs

Well it happening....here in nanded(MH) it approx 81 rs per litre...:-(

[princesirohi]

the day is not far when we will have petrol at 100 rupees per litre.... i wonder what is the final target price of petrol for government. .. this government is doomed. i do not know what to say. ...mis-management is all i see, why dont they reduce taxes on petrol.



i need a solar powered bike....

[krish2778]

the day is not far when we will have petrol at 100 rupees per litre.... i wonder what is the final target price of petrol for government. .. this government is doomed. i do not know what to say. ...mis-management is all i see, why dont they reduce taxes on petrol.



i need a solar powered bike....

0bhp is probably the way to go.

Diesel prices also going up, so diesel bikes will also soon be uneconomical. If you can find one and afford one that is. !!

Cheers
Ride safe
Krishna

[manas34]

good news guys petrol down by 1rs diesel increased by 1rs
Petrol prices may be cut by Re 1; diesel to be costlier

[slevynhawk]

good news guys petrol down by 1rs diesel increased by 1rs
Petrol prices may be cut by Re 1; diesel to be costlier

finally some relief for bikers....

[Shivanshu]

whats the use it will increase in coming months

[manas34]

i think now they are going to update it in monthly basis

[111diablo111]

Its been a pattern by our Govt that increase fuel's price by 4-5rs & decrease it by 1rs after that, when people will start protesting against them!!

[manas34]

2.4 rs deductions for delhi means nearly 2.5-3rs deduction everywhere....


the sad news is that i have filled my dazzler till top yesterday morning...