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Old 18th June 2012, 21:08   #346
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Quote:
Originally Posted by Parthasarathig

If your daily runs are short then it wont affect much. If however you have to travel long distances on a daily basis diesel works out cheaper. Ive shifted to using the ANHC daily as its giving better mileage over the santro and plus daily run is almost 30kms up and down.
I run approx 25 km per day. Despite very sedate driving, i am getting an average of appr 13kmpl. I take around 30 mins to cover 12 km. Is that fair?
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Old 18th June 2012, 23:05   #347
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Quote:
Originally Posted by 00nuts001

I run approx 25 km per day. Despite very sedate driving, i am getting an average of appr 13kmpl. I take around 30 mins to cover 12 km. Is that fair?
Yes. I get 11 to 12kmpl. Only when you drive on the highway you will get more mileage. But for work im guessing your travel is mostly in the city given the time taken to cover the short distance.
13kmpl is definitely good on that front given i get the same inside city driving. Youd get the same with a diesel car but the fact that the price of diesel is cheap seems to offset the mileage per litre.

Cheers!!
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Old 19th June 2012, 10:55   #348
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Hello All,

With international Crude Prices falling to new lows, Petrol Prices in India are expected to be reduced by another Rs. 2 or 3.

Full Article here: Petrol price may be cut by up to Rs 2 a litre soon - The Times of India

It will be really a good news & relief for Petrol Car owners let us hope this happens soon.

Thanks,
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Old 19th June 2012, 11:05   #349
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Quote:
Originally Posted by Jignesh View Post
Hello All,

With international Crude Prices falling to new lows, Petrol Prices in India are expected to be reduced by another Rs. 2 or 3.

Full Article here: Petrol price may be cut by up to Rs 2 a litre soon - The Times of India

It will be really a good news & relief for Petrol Car owners let us hope this happens soon.

Thanks,
Papers today are saying the rollback is on hold.
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Old 19th June 2012, 22:06   #350
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Holding the cut of 2 rupees seems to make all sense; considering that rupee is still holding near $55.80; It seems that there is a clear danger of rupee getting further devalued.

BTW, Oil marketing companies know that its really hard to increase prices later; so they have incentives to avoid any rollback.
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Old 20th June 2012, 10:11   #351
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Quote:
Originally Posted by mayankk View Post
Papers today are saying the rollback is on hold.
Rollbacks are always 'held up' for the slightest of reasons. Whereas not even the strongest of reasons can delay the inevitable hikes.
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Old 20th June 2012, 10:51   #352
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Perhaps a result of the instable dollar
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Old 20th June 2012, 11:04   #353
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Hope it is reduced by next week. I am due for tanking up
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Old 27th June 2012, 02:37   #354
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Quote:
Originally Posted by Jignesh View Post
Hello All,

With international Crude Prices falling to new lows, Petrol Prices in India are expected to be reduced by another Rs. 2 or 3.

Full Article here: Petrol price may be cut by up to Rs 2 a litre soon - The Times of India

It will be really a good news & relief for Petrol Car owners let us hope this happens soon.

Thanks,
Hi everybody
On 25th June Mr.R.K.Singh CMD of BPCL was being interviewed on a business channel at around 9.40 AM
In rupee terms crude per barrel at its peak in May was rs 6010 and currently it is rs 5140 so roughly a reduction of 14%.The $/rupee parity has been adjusted.
Like all of us here I too am waiting.
Petrol users are a soft target.They have the least priority.
Regards
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Old 27th June 2012, 10:11   #355
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Read on HT today that petrol prices are set to be reduced by Rs 4 from July 1 .
However article also mentioned that, it is subject to rupee holding to current value against dollar in coming days.
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Old 27th June 2012, 10:36   #356
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Hello,

The Dollar has once again crossed Rs. 57 & analyst are now predicting that it can anytime cross Rs. 58 or Rs. 60 in near term.

This means that the Rs. 2 - 3 reduction in Petrol Price is once again delayed & probably might not happen.

With Crude at lowest price in four years, we can only hope that US Dollar falls to Rs. 54 or Rs. 55 levels so that Petrol Prices can be reduced by Rs. 3 or Rs. 4.

Thanks,
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Old 27th June 2012, 13:27   #357
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Dollar rate depends upon RBI intervention. If RBI intervenes then dollar-rupee is stable and if RBI does not intervene due to some reason then immidiately rupee starts to fall. Giving this as a prime reason for petrol prices is rather devious.
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Old 27th June 2012, 14:06   #358
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

A little analysis about what is written in HT:

"With every one-dollar decline in global prices, the domestic price declines by around R0.34 a litre, while every one-rupee fall against the dollar leads to a price rise of 75-to-80 paise a litre"

Regarding the part in bold,

If rupee devalues by 1 against the dollar, it corresponds to a change of 1/57= 1.75% (Assuming dollar at 57).
Now using some basic calculations the rate of petrol should change by 71*1.75% = 0.42 rupees i.e. 42 paisa. (actual increase should be even less than this as the foreign exchange rate is applicable on only the base import price - over and above this, there is a buildup of taxes which should be kept out of the analysis.)

The 42 paise should be the negative impact on oil company finances as result of the change in exchange rates.
The remaining 30 odd paise of the "75-80 paise a litre" quoted above surely corresponds to the state component of taxes which is calculated on an ad-valorem basis.

So the state gets windfall benefits when the oil prices rise / rupee falls, at the cost of the poor end customer who is anyway getting buffeted by high inflation of all other commodities. Surely this calls for converting the state imposed tax to a fixed component on lines of the duty imposed by the centre.
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Old 27th June 2012, 18:52   #359
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

Quote:
Originally Posted by mayjay View Post
Surely this calls for converting the state imposed tax to a fixed component on lines of the duty imposed by the centre.
Hello Mayjay,

Yes. Everytime Fuel Prices increase, Taxes also increase proportionately. This is really unfair & unjust. But there is nothing we can do about this.

Central & State Governments are not willing to let go of this huge income in name of Fuel Taxes. It is the final Customer to pay & loses. May times it is discused on T-BHP that it is high time to fix the Taxes such that everytime the Fuel Price rises, the Taxes do not rise.

But the policy makers are probably thinking otherwise.

Thanks,
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Old 28th June 2012, 12:11   #360
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Default re: Petrol price hiked by Rs. 7.50. EDIT 1st March 2013 : Up by Rs. 1.4

It looks like petrol prices may again go down by another 3 - 4 Rupees. Read this in the TOI today morning. Googled it a bit more to get some further info on this.

Here is a link to the related article.

As per the report, unless the Rupee value goes down to 60 to a Dollar, there are strong chances that this price cut will be implemented from the July 1st.

Lets hope for the best!

r-six
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