Petrol price fluctuation and monitoring (India)

[madhav krishna]

Guys. the division of the cost of the petrol is so very complex. the actual cost of the litre is around 28 rupees including shipping. The rest is Taxes. I mean 14 rupees or so is import duty and the rest is state tax and blah blah. I have been watching stock markets closely. I have always been a student of finance so i do observe the Economy of the Country. During the recent crisis which led to a very steep fall in oil prices. The oil was as cheaper as rs 10 per liter in Indian currency. The government companies according to a source purchased so much during these times that the fuel is enough for the next 5 years for the entire nation. In fact corrupt politicians also have purchased large amounts of fuel or crude shares from the International markets. The prices have just increased in India. And as some1 is comparing the European nations , guys the inflation over there is quite high in ratio of the salary.I mean those guys do not mind paying huge chunks of money because their income is high.

now its the same old method. Raising the prices to sky high & at the time of elections dropping it to a large extent & then saying that because of us the the petrol is available at such a low price.

[lockhrt999]

Hell with HP and BP. I'm sick of their low quality fuel...been using shell and its prices have been stable for quite some time now...this is the advantage of private company not ruled by CG

[madhav krishna]

Hell with HP and BP. I'm sick of their low quality fuel...been using shell and its prices have been stable for quite some time now...this is the advantage of private company not ruled by CG

now the shell's price has reduced to something around 58.95 in bangalore.

http://www.xbhp.com/talkies/universal-threads/4801-fuels-23.html

[akmaintu]

Buddy next time ask the Petrol Pump attendant how much salary he earns. It must be surely more than what our BPOs earn in india.

bro am totally agree wid you.

[NitinGirish]

Guys. the division of the cost of the petrol is so very complex. the actual cost of the litre is around 28 rupees including shipping. The rest is Taxes. I mean 14 rupees or so is import duty and the rest is state tax and blah blah. I have been watching stock markets closely. I have always been a student of finance so i do observe the Economy of the Country. During the recent crisis which led to a very steep fall in oil prices. The oil was as cheaper as rs 10 per liter in Indian currency. The government companies according to a source purchased so much during these times that the fuel is enough for the next 5 years for the entire nation. In fact corrupt politicians also have purchased large amounts of fuel or crude shares from the International markets. The prices have just increased in India. And as some1 is comparing the European nations , guys the inflation over there is quite high in ratio of the salary.I mean those guys do not mind paying huge chunks of money because their income is high.

Bolded 1st part-> I thought students of Finance are little more discerning than that.

Bolded 2nd part-> No words & unfortunately no smiley for it either.

[RISHIS]

Bolded 1st part-> I thought students of Finance are little more discerning than that.

Bolded 2nd part-> No words & unfortunately no smiley for it either.

I dint get you...... with regards to discerning..??

[lockhrt999]

now the shell's price has reduced to something around 58.95 in bangalore.
http://www.xbhp.com/talkies/universa...-fuels-23.html

there are two shell petrol pumps in my vicinity...one sells shell super at ~64 and the other one sells at 60.55 that's maybe because it's out of bounds of municipal corp.
there's merely 1 rs. difference between HP and shell but they're always deserted...people are afraid of them

[tejasmph]

Buddy next time ask the Petrol Pump attendant how much salary he earns. It must be surely more than what our BPOs earn in india.

+1 to that.....................................

[antz.bin]

there are two shell petrol pumps in my vicinity...one sells shell super at ~64 and the other one sells at 60.55 that's maybe because it's out of bounds of municipal corp.
there's merely 1 rs. difference between HP and shell but they're always deserted...people are afraid of them

Where exactly are these 2? Please Guide. I am currently fed up with the inconsistent HP / BP quality.

[vrugonnab]

There are a couple of Shell pumps near my home as well!! one is on the road to ITPL.. after Kundanahalli gate.. other one is at Murugeshpalya.. I regulary fill up at the one near Kundanahalli, before that I used HP.. and got cheated once, so stopped filling there after that.

[Satyamzma]

prices increased by small margin

[Ram1883]

prices increased by small margin

Agree to the . Even though by a small margin, it shows the course of things to come. Hiking prices are not such a big problem for the government any more.

[tibby]

Dealer margins revised for Petrol & diesel

Petrol & Diesel prices have been revised nation-wide, due to upward revision of dealer margins.
The hike is between 8p-10p a liter for petrol, as well as diesel.

More here: Petrol, diesel costlier as dealer margins hiked - The Times of India

[Rajesh Mudaliar]

at present i feel shell petrol is good for my R15 and my pocket ... And guys in india y dont we use Ethanol ? which may reduce the price of petrol. Ethanol is from sugar cane.. India is 2nd largest producer of it !!! and still we dont use it

[madhav krishna]

Petrol & Diesel prices have been revised nation-wide, due to upward revision of dealer margins.
The hike is between 8p-10p a liter for petrol, as well as diesel.

More here: Petrol, diesel costlier as dealer margins hiked - The Times of India

We BANGALOREANS are the worst affected by the prices of fuel. Already the petrol here is costing something around 57.95 & now with the price increase it will cost 58.XX.

at present i feel shell petrol is good for my R15 and my pocket ... And guys in india y dont we use Ethanol ? which may reduce the price of petrol. Ethanol is from sugar cane.. India is 2nd largest producer of it !!! and still we dont use it

Ethanol can be a good substitute for petrol. We are already using it as all the petrol sold in our country contains 5% of ethanol. The premium petrol contains even more amounts of ethanol. The only problem with ethanol is its residues. The ethanol produces acids & moisture which can corrode the engine internals.