Sandy Posted January 16, 2011 Report Share Posted January 16, 2011 Again there is Petrol Price Hike of Rs.2.50/- as per todays newspaper. Very Bad Link to comment Share on other sites More sharing options...
BonFre Posted January 16, 2011 Report Share Posted January 16, 2011 Very sad indeed. There was a fuel price hike around a month back too. The present Govt. has no control over inflation & probably the worst performer. Btw, got tanks of my 3 cars filled to brim Yesterday! Link to comment Share on other sites More sharing options...
rssh Posted January 16, 2011 Report Share Posted January 16, 2011 This gives me a refreshing thinking that I bought a diesel car than a petrol despite lower running . Anyway the more the difference in price of diesel and petrol fuel the more will be the increase in the resale value . Link to comment Share on other sites More sharing options...
Durango Dude Posted January 16, 2011 Report Share Posted January 16, 2011 Btw' date=' got tanks of my 3 cars filled to brim Yesterday![/quote']Missed it this time, was busy enjoying 'Pongal' with my family. I'll be sure to make it the next time may be a month later. "Tighten your purse strings, pull up your socks, tighten that belt" sort of time; but life goes on. With new age 'Rajas' swindling India dry this is bound to happen; Corruption=Inflation. Durango Dude2011-01-16 06:36:46 Link to comment Share on other sites More sharing options...
sarabjeet Posted January 16, 2011 Report Share Posted January 16, 2011 i see bad times coming, this is what happence when you give free hand to Govt. of India Link to comment Share on other sites More sharing options...
TSiVipul Posted January 16, 2011 Report Share Posted January 16, 2011 Well,this price hike is something that was going to happen one day,you may see how the petroleum prices are rocketing up in the international market. @Sarabjeet: How about a nationwide truckers strike?Fuel prices will come down within 72 hours,govt. will be forced to do it. Link to comment Share on other sites More sharing options...
sarabjeet Posted January 16, 2011 Report Share Posted January 16, 2011 @vipul diesel prices are same if i am not wrong, its just petrol prices that have gone up @every one on this forum Prices for Ron 95 in US is Rs.135 gallon~ which is 35 rs a ltr sarabjeet2011-01-16 07:41:35 Link to comment Share on other sites More sharing options...
TSiVipul Posted January 16, 2011 Report Share Posted January 16, 2011 Oh,shame on Mr.Ratan Tata and Mr.Ashok Hinduja for not making petrol running trucks..LOL Link to comment Share on other sites More sharing options...
creativebala Posted January 16, 2011 Report Share Posted January 16, 2011 One more point to hit a nail on Honda's head to bring Diesel car soon. Link to comment Share on other sites More sharing options...
rahul1810 Posted January 16, 2011 Report Share Posted January 16, 2011 There is no point in putting this forward as a point for diesel. Govt has already indicated that those who are plying diesel vehicles for personal use will be made to pay extra. Statements from people like Jairam Ramesh have clearly indicated that and I am pretty sure they will be implemented in near future. There is no point comparing our markets to other markets. Differing govt policies and ideologies, we will have to compare a much bigger picture than just the price of petrol. Link to comment Share on other sites More sharing options...
sb-alto Posted January 16, 2011 Report Share Posted January 16, 2011 There is no point in putting this forward as a point for diesel. Govt has already indicated that those who are plying diesel vehicles for personal use will be made to pay extra. Statements from people like Jairam Ramesh have clearly indicated that and I am pretty sure they will be implemented in near future. Very tough to implement such process. In a country like India, making a difference between commercial and personal diesel would give rise to a parallel fuel business and black money will rise tremendously. I will take a can/ bucket and buy diesel. Who will know whether I will use it for my car or my truck ? I just hate this govt. I would not mind a few Ram mandir for some lower fuel and price level. I just hope BJP comes back. Not sure if it will make any difference, still. This deregulation cannot be a solution. If a fuel company is running at a loss per gallon of diesel, it should not be that all of it to be compensated by petrol price. Link to comment Share on other sites More sharing options...
sarabjeet Posted January 16, 2011 Report Share Posted January 16, 2011 the state run fuel company in losses and States minting profit putting taxes on it. yeah India hai boss Link to comment Share on other sites More sharing options...
rahul1810 Posted January 16, 2011 Report Share Posted January 16, 2011 If you thought this hike was big, IOC has come out to say that the hike required was bigger i.e. hike of 3.72 per litre instead of 2.50 per litre. This was just to cushion the blow. http://www.business-standard.com/india/news/we-needbigger-petrol-hike-ioc/422016/ Link to comment Share on other sites More sharing options...
Durango Dude Posted January 17, 2011 Report Share Posted January 17, 2011 If you thought this hike was big' date=' IOC has come out to say that the hike required was bigger i.e. hike of 3.72 per litre instead of 2.50 per litre. This was just to cushion the blow.http://www.business-standard.com/india/news/we-needbigger-petrol-hike-ioc/422016/[/quote'] They are staggering it, so it may be increased in say a months time. Makes that much difficult for the 'aam aadmi' to get his 'Khushiyon ka Chaabi'. the way things are going running a petrol car would become the ultimate luxury. This is the Govt's way of taking a stand on Petrol vs Diesel cars. Durango Dude2011-01-17 03:36:54 Link to comment Share on other sites More sharing options...
TSiVipul Posted January 17, 2011 Report Share Posted January 17, 2011 Yeah,that may not be a good news for many,but for me-"subsidy on diesel for commercial vehicles and farmers is a good news". Reason:I own a fleet of trucks and tractors,so CAN I GET THE SUBSIDY(FARMERS ONE) IF I GET THE FUEL TANK OF MY TRACTOR FILLED?? Link to comment Share on other sites More sharing options...
TSiVipul Posted January 17, 2011 Report Share Posted January 17, 2011 I am just thinking,how much the owners of those petrol pumps away from the heat?? If they are,then let's contribute and open a fuel station near my house. Link to comment Share on other sites More sharing options...
anjan_c2007 Posted January 17, 2011 Report Share Posted January 17, 2011 Bad and sad for petrol motor vehicle users! During the pre- global economic recession prior to 2008, oil prices had touched $147 per barrel. Even then the petrol prices did not cross the Rs 60=00 barrier anywhere in India. And none of the PSU oil companies collapsed. Now with the crude oil prices just touching something above the $ 90 mark, the petrol prices are at Rs 62=00 per litre on an average. We will get horrified if oil touches $ 147 per barrel again! The reason for the hike in international oil prices is the recovery of the US economy and the increased demand. Apart from this, the real behind the scene trigger is SPECULATION, that makes the speculators who are artificially prop up the prices during the trading sessions, purely based on the fact that GRAND OLD Uncle Sam is back on his feet again! A chart of the prices:(chart source rediffnews) Inputs below from rediffnews. Facing criticism for increasing the retail price of petrol, government-owned Indian Oil Corporation has said the desired increase was actually Rs 3.72 a litre but it chose to "soften the impact on customer" by increasing the price by only Rs 2.50 a litre.It said the company was incurring an "under-realisation of Rs 159 crore per day" on the sales of diesel, cooking gas (LPG) and kerosene.Petrol prices have gone up by about 13 per cent since these were deregulated last June and about 22 per cent in the current financial year. Based on the current levels in the international oil market, the retail selling prices, inclusive of the tax elements, of diesel, PDS kerosene and LPG should have been higher by Rs 7.65 a litre, Rs 19.60 a litre and Rs 366.28 per 14.2 kg cylinder, respectively, at New Delhi, with corresponding increases across the rest of the country. anjan_c20072011-01-17 15:02:23 Link to comment Share on other sites More sharing options...
sarabjeet Posted January 17, 2011 Report Share Posted January 17, 2011 @ Anjan sir I wouldn't blame anyone, while the world is providing higher octain petrol at lower prices why can't we ?Are our PSU's efficient enought or is it higher taxations ? Why can't cemtre lower their taxes and let PSU's cover the losses? The problem is in the system not international market Link to comment Share on other sites More sharing options...
Mr. Spock Posted January 17, 2011 Report Share Posted January 17, 2011 I feel the day is not far when the cost of petrol will be RS 100/liter and poor aam aadmi driving efficient petrol engined cars will shift to public " Limited" Transport and the rich in India will be driving Diesel powered " Taxpayer subsidized" inefficient SUV, sedans - Will this Happen - Yes or will we have different scenario - I don't Know . Time will only tell. But one thing is sure that day is not far but coming soon! Well I for one thing liked this recent Petrol Price hike.Strange as it sound but I feel this necessary because in this country people take everything for granted so naturally this should be taken for granted.People now days have deep income because of this speculated Indian Economy Boom so they will absorb it .Nothing to worry Link to comment Share on other sites More sharing options...
anjan_c2007 Posted January 17, 2011 Report Share Posted January 17, 2011 @ Anjan sir I wouldn't blame anyone' date=' while the world is providing higher octain petrol at lower prices why can't we ?Are our PSU's efficient enought or is it higher taxations ? Why can't cemtre lower their taxes and let PSU's cover the losses? The problem is in the system not international market [/quote'] True sarabjeet. There are Central and State Excise duties and the local octroi thats multiplied with the basic price.The basic price rising sends the final price to a new high aided by these three taxes on petrol and other crude oil distillates. So the Central Excise department, State Sales tax department and the local Municpalities never had it so good.They will prosper and fluorish as will the PSU oil companies in 2011! Link to comment Share on other sites More sharing options...
arun1987c Posted January 17, 2011 Report Share Posted January 17, 2011 Brilliant game by the companies by rising only the petrol price... So the truckers will not jump into any strike and make the govt reduce the price.... The central govt should again have control over the petrol and diesel prices as before or should reduces the taxes, so that the prices can be reduced.... Whenever there is a rise in the crude oil, companies ask for a rise in the petrol price... But they never reduce the price once the crude oil prices reduce and the govt also never cares abt that.... Link to comment Share on other sites More sharing options...
grpanesar Posted January 18, 2011 Report Share Posted January 18, 2011 These Oil Marketing Companies follow very bad trade practice. They always announce total price hike but never disclose the basic price increase. Actually they should announce the basic price increase, which, I suppose, is uniform throughout India. This way, at least, we will know how much each state is taxing petrol. Link to comment Share on other sites More sharing options...
sgiitk Posted January 18, 2011 Report Share Posted January 18, 2011 Expected with petroleum crossing $100 per bbl. What is unacceptable is no decontrol of diesel, LPG and most of all free pricing of Kerosene. Every Re. of (the so called) subsidy requires at least Rs.3 of additional taxes! Link to comment Share on other sites More sharing options...
grpanesar Posted January 19, 2011 Report Share Posted January 19, 2011 The center Govt. charges 5 per cent import duty on crude oil and on petrol and diesel 7.5 per cent. Further it charges Rs 14.35 and Rs 4.60 per litre, respectively, as excise duty on petrol and diesel. Even after the recent hike, OMCs are losing Rs 1.22 per litre on petrol nearly Rs 7 per liter on diesel. Besides petrol and diesel, they are losing Rs 19.60 a litre on kerosene and Rs 366.28 per 14.2-kg cylinder. (source: Economic Times) This seems to be a total fraud by the Govt. Whatever notional under recoveries these state run OMCs are projecting, more that that the govt. is pocketing by way of these taxes. Link to comment Share on other sites More sharing options...
sarabjeet Posted January 19, 2011 Report Share Posted January 19, 2011 The center Govt. charges 5 per cent import duty on crude oil and on petrol and diesel 7.5 per cent. Further it charges Rs 14.35 and Rs 4.60 per litre' date=' respectively, as excise duty on petrol and diesel. Even after the recent hike, OMCs are losing Rs 1.22 per litre on petrol nearly Rs 7 per liter on diesel. Besides petrol and diesel, they are losing Rs 19.60 a litre on kerosene and Rs 366.28 per 14.2-kg cylinder. (source: Economic Times) This seems to be a total fraud by the Govt. Whatever notional under recoveries these state run OMCs are projecting, more that that the govt. is pocketing by way of these taxes. [/quote'] Those are only center govt. taxes , State govt charges extra my friend, in Mumbai we even have octroi and other taxes levied by Maharashtra govt Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.