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Petrol prices hiked by Rs. 3 per litre

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  • #16
    Originally posted by JAKRAP View Post
    Mate, as i said the tax on fuel is a different issue
    I could ask where all these taxes are going too. Well if was able to find that out, i would be a genius.
    Btw India is not the only country where the tax component in petrol retail price is greater than 50%. Most of the developed countries like France, Germany, Italy, Spain, UK, South Korea have greater taxes on it.

    Since the revenue from taxes is used for budget projections and other stuff, a variable based tax rate on fuel (reducing taxes when the prices of fuel go up so that the price remains almost constant) would be an unviable solution and would actually put the government in a spot. So let the market forces determine the consumption.

    If it gets too high, ppl would consume less fuel and focus more on green fuels. Green technology is the future and the higher prices would only aid in their development faster. Thats one silver lining on a high fuel price

    As said before, the only thing that we should wait for is when the crude falls and see if the prices are rolled back. This would determine if the market based petroleum pricing mechanism is a farce
    Instead of increasing the prices they should concentrate on how to make every eligible person pay tax, like sales tax, income tax. Also, not everyone at petrol bunks ask for bill so the sales tax on petrol is also not going to Govt. Here, lies the problem.

    All we could do is ask the petrol guy for bill even for 10Rs fuel. They could'nt say NO! and that's a responsible Rider and citizen.

    P.S: I have a whole lot of information (which would fill 100's of pages of this thread) on where these all money goes and where and upto how much extent this corruptants (our F*$% netajis) are making holes in the pocket of GOVT. and you will be RED HOT to know some of the facts that NO normal citizen knows about, they RAPE the citizens officially and legally, and we even donot know. We couldnot discuss it here on a Biking thread, so PARDON.

    Sorry for OT.
    Last edited by abhichotu.abhi; 12-14-2010, 11:12 PM.

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    • #17
      Originally posted by Omega Man View Post
      We heard, you are moving to Dubai BTW, we cannot compare our prices with Middle Eastern Countries as its their only produce in abundance.
      Lol...Later I gave it a second thought..Why to leave India just for the sake of Petrol prices

      Love the country...
      Check out my Yamaha YZF R15 Ownership Review

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      • #18
        lets just take it this way.
        for all the road rules we break.
        for all the bribes we pay to escape the consequences of breaking those rules.
        this is the price we pay !
        Regardless, Life shall go on.

        Comment


        • #19
          Originally posted by MG_Biker1806 View Post
          I guess 56 will be for Speed. Here in Maharashtra with this hike the Speed will upto 63
          it is for normal unleaded fuel.

          Originally posted by JAKRAP View Post
          Well mate, this has got nothing to do with elections. If there are international crude prices going up, the government cannot subsidize for long and give you cheaper rates on fuel. It also creates unnecessary pressure on the state- run fuel marketing companies.


          Now crude has jumped from 73 to 90 and the prices have been hiked. What remains to be seen is whether the petrol prices would be rolled back if the crude comes down to 73!

          The tax on fuel is a different issue altogether thou
          no buddy in the past, even if the international price were stable still there was hike and when the international price go down the companies don't bother to reduce the price.

          this has been 6th or 7th hike this year.
          "Biking is Divine"

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          • #20
            Originally posted by abhichotu.abhi View Post
            Well...well.... They could cut down the taxes which are more than 50% on the petroleum products.

            Suppose if the petrol price per litre in Chennai is Rs 51.90, here the break-up of cost calculated by the government:
            • Basic Price = Rs 21.93
            • Excise duty = Rs 14.35
            • Education Tax = Rs 0.43
            • Dealer commission = Rs 1.05
            • VAT = Rs 5.5
            • Crude Oil Custom duty = Rs 1.1
            • Petrol Custom = Rs 1.54
            • Transportation Charge = Rs 6.00
            • Total price = Rs 51.90

            Now, if you cut down the taxes even by 10% then you caould easily attain a drastic change in petrol and diesel costs.

            Source:

            How petrol price is calculated in India - ManagementParadise.com - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants.

            Thanks.
            I agree with you.
            Originally posted by JAKRAP View Post
            Mate, as i said the tax on fuel is a different issue
            I could ask where all these taxes are going too. Well if was able to find that out, i would be a genius.
            Btw India is not the only country where the tax component in petrol retail price is greater than 50%. Most of the developed countries like France, Germany, Italy, Spain, UK, South Korea have greater taxes on it.

            Since the revenue from taxes is used for budget projections and other stuff, a variable based tax rate on fuel (reducing taxes when the prices of fuel go up so that the price remains almost constant) would be an unviable solution and would actually put the government in a spot. So let the market forces determine the consumption.

            If it gets too high, ppl would consume less fuel and focus more on green fuels. Green technology is the future and the higher prices would only aid in their development faster. Thats one silver lining on a high fuel price

            As said before, the only thing that we should wait for is when the crude falls and see if the prices are rolled back. This would determine if the market based petroleum pricing mechanism is a farce
            Dont compare india with those countries. The pricing should not be determined by some budget. It should rather be determined by the average earning of a person. In countries like france or any other such developed country the earning of an average person is far better than india. This fuel price increase would affect all the commodities.
            Originally posted by yellowspunk View Post
            lets just take it this way.
            for all the road rules we break.
            for all the bribes we pay to escape the consequences of breaking those rules.
            this is the price we pay !
            Well am in no way ready to pay such a price.


            @all:- Well does that mean even the shell will increase its prices??

            P.S.:- Am running towards a nearby petrol bunk before its midnight.
            F*&k these congrA$$ guys.
            NOT BEEN THERE NOT DONE THAT

            Comment


            • #21
              Originally posted by anmol_1990 View Post
              56 INR...is what in delhi.....

              seriously this is going out of hands now

              riding karizma will soon be dream if these conditions persists.

              When are next Lok Sabha Elections?

              Its better there... in my place it would be 61.51 .... bloody h3LL
              I'll be made to forget touring,if this streak continues
              -------------------------------
              Without Knowledge, Skill cannot be focused. Without Skill, Strength cannot be brought to bear and without Strength, Knowledge may not be applied. - Alexander the Great's Chief Physician

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              • #22
                Originally posted by ceasar View Post
                Its better there... in my place it would be 61.51 .... bloody h3LL
                I'll be made to forget touring,if this streak continues
                Well it would be more than 62 here.
                NOT BEEN THERE NOT DONE THAT

                Comment


                • #23
                  I saved some thirty bucks because of this thread.. Isnt much but still. Am thinking about bicycling to office. Nothing else will work if fuel prices keep on climbing up the ladder.

                  As somebody rightly pointed out make everybody pay taxes and distribute the burden equally then everything will be affordable in this country. Only the salaried professional is taxed to death in this country

                  Comment


                  • #24
                    ok ...so if i do a full tank now ....it would be Rs 970
                    & if i do after 19 min it would be Rs 1020

                    by the way
                    this is the main reason that i dont buy SBK
                    Just Me And Her [ZMR]

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                    • #25
                      Any hike by Shell? Unleaded already costs Rs.61 here in Bengaluru.
                      A lone amateur built the ark. A large group of professionals built the Titanic...

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                      • #26
                        Originally posted by manan View Post
                        ok ...so if i do a full tank now ....it would be Rs 970
                        & if i do after 19 min it would be Rs 1020

                        by the way
                        this is the main reason that i dont buy SBK

                        arey even karizma is pinching pockets now.....forget SBK.

                        HH would see boost in sales of their 100-150cc segment bikes.
                        "Biking is Divine"

                        All Karizma Owners Connect With Each Other On the Karizma Group on facebook


                        https://www.facebook.com/groups/HeroHondaKarizma

                        https://www.facebook.com/AnmolSharmaPhotography

                        https://www.facebook.com/ThinkDigitall

                        http://anmolksharma.blogspot.in/

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                        • #27
                          Went to a nearby petrol bunk & filled petrol worth 750. My bike gulped down 12.5 litres of petrol. It would be my last time when i would see 59.XX on the meter. Saved nearly Rs.36
                          NOT BEEN THERE NOT DONE THAT

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                          • #28
                            In kolkata, after the hike, almost Rs. 60 for normal where as 63/64 for the premium petrol ..
                            Catch me @ Orkut..
                            Maintance @ NexGenBikes.com

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                            • #29
                              Originally posted by anmol_1990 View Post

                              no buddy in the past, even if the international price were stable still there was hike and when the international price go down the companies don't bother to reduce the price.

                              this has been 6th or 7th hike this year.
                              Mate..the free market pricing came into effect this year only. Yes there has been only increases bcos when the pricing came into effect, crude was at $73 per barrel and now its 90. Naturally it has to go up only. If it touches $150 (as it did in the past) think of how its going to cost you.

                              Well what remains to be seen is if the crude prices go down will the indian petrol price go down is what u should look for!

                              Originally posted by madhav krishna View Post
                              Dont compare india with those countries. The pricing should not be determined by some budget. It should rather be determined by the average earning of a person. In countries like france or any other such developed country the earning of an average person is far better than india. This fuel price increase would affect all the commodities.
                              Mate..u need to get some understnading of how things work, int he first place!!
                              Firstly, The petrol prices are currently not determined by budget and its not by the government now. Its de-regulated that means it would sort of reflect the international crude prices. The Indian govt can no way influence the petrol prices internationally unless it decides to blow a couple of its own rigs in India and then too the prices would go up only.Its all market economics, my dear friend.

                              Secondly, if you would need to buy crude in the international market, you simply need to have the money to buy it and no one is really worried on your purchasing power parity there. They dont sell crude at different rates to different countries based on purchasing parity!!!

                              Thirdly, the petrol price has minimal impact on the commodity prices. Its the diesel prices and the diesel prices are controlled by the government (its regulated)!!

                              But I get your point, there are a lot of ppl in this country who cannot afford such price rises and the government should protect them from the external forces. Its partly doing its duty by not de-regulating the diesel prices to that extent.*

                              Its easy to blame the government for everything. Am not saying everything is right with the government.
                              But de-regulating petrol prices and regulating diesel prices was a good measure by it. What remains to be seen from the de-regulation is whther price will go down when the crude goes south!! We have to wait for that. If it does, its a good measure and if it does not then there is something very fishy about this whole de-regulation.

                              *- The views expressed here are my own. I dont work for the government either
                              Last edited by JAKRAP; 12-15-2010, 05:10 AM.
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                              The only two "PURE" experiences in life are"SINGLE MALT" and "BIKING".

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                              • #30
                                Originally posted by JAKRAP View Post
                                Mate..the free market pricing came into effect this year only. Yes there has been only increases bcos when the pricing came into effect, crude was at $73 per barrel and now its 90. Naturally it has to go up only. If it touches $150 (as it did in the past) think of how its going to cost you.

                                Well what remains to be seen is if the crude prices go down will the indian petrol price go down is what u should look for!


                                Mate..u need to get some understnading of how things work, int he first place!!
                                Firstly, The petrol prices are currently not determined by budget and its not by the government now. Its de-regulated that means it would sort of reflect the international crude prices. The Indian govt can no way influence the petrol prices internationally unless it decides to blow a couple of its own rigs in India and then too the prices would go up only.Its all market economics, my dear friend.

                                Secondly, if you would need to buy crude in the international market, you simply need to have the money to buy it and no one is really worried on your purchasing power parity there. They dont sell crude at different rates to different countries based on purchasing parity!!!

                                Thirdly, the petrol price has minimal impact on the commodity prices. Its the diesel prices and the diesel prices are controlled by the government (its regulated)!!

                                But I get your point, there are a lot of ppl in this country who cannot afford such price rises and the government should protect them from the external forces. Its partly doing its duty by not de-regulating the diesel prices to that extent.*

                                *- The views expressed here are my own. I dont work for the government either

                                +1 Well said!

                                Petrol prices have increased some 35% in this year alone from 45.5 to 61.5+ rupees. Another 10 rupee increase and I will start riding a bicycle.

                                OT: I can only think of thanking Joel for the works done on my R15 and at an opportune time that. Review coming up in a day on his performance goodies thread.
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                                2009 Yamaha YZF-R15
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