anmol meant H2

you shouldn't be complaining you pay 7-9 rupees lesser than what we do in Bangalore, it's not the fault of the Govt atleast not this time, the price hike is due to an increase in crude oil prices internationally. we can only hope the prices everywhere ill plunge and in turn we will have to pay substantially lesser.

Err, the Central Govt already subsidizes the price of these fuels. How much loss do you want them to incur? And for your information petrol is sold in Delhi for around 58rupees where as in Bjp ruled karnataka where I hail from it's sold at 65 rs/liter. which other Govt do you want to give a chance to?

not really , read this article Article Window

Petrol base price is Rs 30
+
Customs duty
Excise duty
V.A.T
Transportation cost
Education cess
Dealer addition.

= Rs 60+

this has been a lame excuse for the government. now people can say that prices are de-regulated, even before that conditions were bad.


For what the oil ministry exists? so is the oil minister?

Since the petroleum products prices was de-regulated in 2010 ; The oil ministry doesn't have any legal say in petrol prices . Now , IOL/HP/BP only informally consults the govt ministry before hiking prices .That too because, up to now, IOL/HP/BP are publicly owned ,and the government is the majority share-holders in these companies, who keep most of our refineries and pumps etc infrastructure . Very Soon that is going to change too ! as the government is actively pursuing a program of dis-investment, it is slated that IOL/HP/BP will soon sell their shares, including majority stake .Then they will have complete freedom in setting petrol/diesel/kerosene prices ,and we will be completely at their mercy .
Very few Indians protested or even noticed, while they were preparing the groundwork to arrive at this open market kind of setup. This is situation that usa have been demanding of us ,and the government trying to arrive at, for many years now . American oil giants exxon/chevron/shell wants to set up business in the massive and lucrative Indian markets, and they cannot sell their products here if the Indian government continues to subsidise, or fix the national prices for petrol/agricultural-diesel/cooking-gas/kerosene /lubricants/Aircraft Turbine Fuel etc . So the government, in future, wants to be relegated to tax-collecting role in oil only .Welcome to grim reality of liberalisation .

its 66 here in Bangalore for shell....
xtra premium 68.xx...
i hate to pay this much for roads of Bangalore!!!!

hope it comes down,,,,or my milege goes up....

isn't liberalization healthy?? it will directly result to increased competition!!




saj*

You've got it wrong .. apparently at present Govt has hardly a say in the pricing of fuel, since prices are deregulated. Since they aren't the ones hiking the price why blame them of giving excuses. People wanted a liberal market and you've got it now then why point fingers at the Govt?

Like someone has pointed out, in the near future when other oil companies set shop in India the pricing will be more competitive, but don't be fooled they can't lower the price beyond a point if the price of crude oil is increasing all over. Alternative energy is the future!

the government could do something about the taxes and duties

Yesss , they are going to increase it . At least on Diesel , that's fixed . Only waiting for modalities to exempt agricultural users , most probably through an agri-diesel-user-card system .

There shall be great competition , who can fleece us for how much wool . Liberalisation is very healthy for the oil companies .

You shall note that IOL/HP/BP has set different prices for their products this time around to avoid coming under anti-cartelisaion laws now in place . Clearly they are acting as a cartel .

Guys, go through the link below.
Apparently we are close to artificial production of fuel.

Oil at $30 per barrel: A brave new world of fossil fuels on demand - The Globe and Mail

Very exciting, if indeed the stuff works.

Indeed interesting. Hoping that it would come into commercial usage sooner. Any idea of the greenhouse gases emitted on burning of these fuels??

call me a skeptic but these kind of breakthrough technology news keep popping up but nothing ever happens .

Petrol to cost Rs 100 soon --

Petrol could reach Rs. 100/Litre in India..!! What the #&(@ | The Bike Chronicles of India