Bad News - hike in petrol prices


Sandy

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On one hand fuel prices are rising, on the other hand unplanned cities other getting crowded badly hampering FE of vehicle. Govt. is squeezing us from both sides.

Also its a myth that diesel prices are subsidized. Cost of production of petrol & diesel are less that selling price of diesel. Its the tax which jacked up the price.

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The free pricing for petrol, left to the oil companies to decide is playing havoc, it appears.The proposal to raise petrol prices mooted by the oil PSU's was pending with the petroleum ministry and kept in abeyance till the elections. Last weekend it seems this was okayed as per news reports.

The diesel, LPG and kerosene prices are still in the realm of the Union Cabinet and hence the GOM will have to meet and perhaps that meeting is scheduled early next week.

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I heard the BPCL Finance honcho on TV this morning claiming that another Rs.5 may be expected in petrol.As per him petrol pricing breaks even at $102/bbl (I guess he is referring to Brent), while Kerosene breaks even at $25!

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I'm leaving this forum' date='I'm going to join some cycle forum,that's the future of transportation in India .

[/quote']

Superb one doctor.

I still ride my topgear occasionally. Now I need to start using it more often.

@mods, we should have a section on bicycles next to car and motorcycle.

@acians, lets prepare our cycle stories as we do for our cars soon.

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Also, today the rupee has breached the informal 'Lakshman rekha' of Rs.45 to a $.

Indeed a very efficient government. They could have reduced the taxation, and then the pain would have been less.

sgiitk2011-05-16 10:13:16

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After the present hike in petrol prices' date=' ATF has become cheaper than petrol! As per a news in "Business Standard" ATF costs Rs 60.56/litre whereas petrol costs Rs 63.37 per litre in Delhi.[/quote']

Well ATF is a fancy name for Kerosene! So it should be cheaper. Soon it will be 60.56 v 68.37!

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