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|30th June 2010, 07:21||#226|
Join Date: Apr 2009
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Do we believe them or should we ?
Govt. of India decided to do away with APM (Administered Price Mechanism) with the beginning of NELP era in 1998. The Roll out date fixed at 01-April-2002 later on the date was changed to 01-April-2004 and even than Govt not being able to honour their commitment till date. The same govt.-the same PM. now advocating etc. etc..
The Govt attitude is mainly responsible for Closure of Essar/Reliance petrol pumps and recent natural gas fiasco of RIL/RNRL
|30th June 2010, 07:44||#227|
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|30th June 2010, 08:00||#228|
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Diesel is what the country runs on, a Hike(losing subsidy) In Diesel can lead to increase in the prices of Many Commodities , it will trigger a chain reaction.
|30th June 2010, 09:34||#229|
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Today's TOI says diesel prices will also be set free, subsequently. This might affect the sales of Diesel vehicles looking at the premium one has to pay for diesel vehicles, upfront.
check the link:
Last edited by 11mahesh11 : 30th June 2010 at 09:35.
|30th June 2010, 12:12||#230|
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Correct me if I am wrong, my info is mainly from news articles:
Petrol is already fully at market rates now.
Diesel is not de-regulated, but de-regulation (at current rates) will add only 1.50 Rs to the cost per liter.
So the difference in cost of diesel and petrol currently has less to do with subsidy and more to do with diesel having less taxes/duties?
Which means that de-regulation of diesel will still leave a hefty difference in price between diesel and petrol so long as duty structure remains same?
Could somebody in the know clarify?
I think this would help a lot of people with the petrol vs diesel car choices.
|30th June 2010, 13:11||#231|
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|30th June 2010, 13:58||#232|
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The day we see different PSU bunks charging different prices for petrol, we will know decontrol has finally arrived!
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|1st July 2010, 07:37||#233|
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|1st July 2010, 11:25||#234|
Join Date: Jun 2010
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Note from Mod : Please continue the discussion on the new petrol vs diesel thread (Would you still buy a Diesel car if Diesel was priced closer to Petrol?).
Last edited by GTO : 2nd July 2010 at 11:21. Reason: Adding thread closure note
|19th May 2011, 20:25||#235|
Join Date: Jan 2010
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Fuel that Fire: Petrol or Diesel?
Request to mods with apologies: I haven't searched the forum extensively for similar work so if it exists, please merge threads.
The steep hike of petrol prices a few days back got me thinking about whether a petrol car is really worth it. Read in TOI yesterday that with the difference in prices of Petrol and Diesel, the initial cost vs operating benefits break-even period for a Diesel car has come down drastically right down to 18 months. Didn't sound convincing. Other people I asked gave varying figures. Finally, opened an Excel sheet and worked it out with some assumptions. The results, even though anticipated, amazed me to say the least.
The effort for me was considerable since I'm not used to work with Excel but the results were something I thought I must share with the team and get valuable inputs/suggestions/improvements for the work.General observations are welcome and inputs from auto experts are most welcome and comments from statistical gurus such as smartcat, DrAD especially solicited (my formulas are very basic arithmetic and may even appear crude but then like I said, am not used to working with Excel and statistics).
The running cost calculator:
It's very simple to use. If you want to change the basic figures such as fuel prices, FE, mileage, just change the figures in red to anything you want and the resultant values are updated. I've built down to up from Petrol/Diesel prices and their increments spread over 15 years (or interval, to be more accurate), the mileage values as per personal requirement, the FE expected from the cars (two samples used for C+ and C Segments, it could be any two segments) and the result table is generated by the software.
The result table which I named Running Costs calculates:-
1. The running cost per km from the FE and fuel price that fed in.
2. The yearly cost for your mileage with the above values of running cost/km.
3. The yearly saving you get from running an oil burner for the above values.
4. The progressive saving you get as the years go by.
The weak areas in the assumptions I made:-
1. The trend of pertol/diesel prices is extrapolated over too many years and I don't have much knowledge of the expected trends. If anyone can shed light on these or update the sheets, it will be great.
2. The FE I've assumed will vary greatly from each specific car to another car (car condition, driving style etc) so you have to feed the exact FE you see on your vehicle or accurate figures reported by others. This is not a flaw as such since the figures are readily available/ can be safely amended as required.
3. I appear to have given more benefit of doubt to Petrol in terms of FE and done injustice to Diesel prices by having the same rate of inflation. This too can be corrected by some tweaking with the FE figures and a little more tweaking with the yearwise Diesel price growth coefficients.
As of now, I've put in five sheets in the Excel file and I'm attaching screenshots of these below too. These show:-
1. Calculations for a yearly running of 8,000 km/yr.
2. Calculations for a yearly running of 12,000 km/yr.
3. Calculations for a yearly running of 16,000 km/yr.
4. Calculations for a hypothetical scenario if Diesel subsidies are gradually reduced by overinflating Diesel prices and regulating Petrol prices over 8 to 9 years. Only for mileage of 8,000 km/yr.
5. Calculations for a hypothetical scenario if Diesel prices are gradually equalised with Petrol prices by deinflating Petrol prices over 8 to 9 years. Only for mileage of 8,000 km/yr.
Expect a lot of bashing for the last two. They are much the same really.
Finally, here's the stuff.
The Excel file:
Running Cost Calculator.xlsx
The screenshots (click images to see readable figures):
For 8 K km/yr:
For 12 K km/yr:
For 16 K km/yr:
For Diesel gradually bought at par with petrol:
For petrol deinflated and equated till Diesel catches up:
The results speak for themselves and how. The situation of prices just screams 'Diesel' for ANY medium-long term car ownerships, even if Diesel prices were to equal those of Petrol (see the figures after ten years in the last two sheets, sheer force of more FE gives oil burners an edge there too). Our redline loving friends on the forum are not going to be happy with these figures. But then they didn't care about economical ways in the first place, did they?
The Road Ahead:
The excel document need not necessarily mean a petrol vs diesel comparison. If you disregard the petrol/diesel words and put in the appropriate figures, any two sets of cars can be compared.
This tool could become a useful database for all members looking to find economy of operation of any model of any car. Any member generating a sheet with their own data for their own car could please upload it all to see.
Hope you guys find it useful. It sure changed me totally from wanting a petrol car to a diesel car. Cheers.
Last edited by Delta Wing : 19th May 2011 at 20:28. Reason: grammar check
|14th July 2014, 10:49||#236|
Join Date: Mar 2008
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Petrol or Diesel : Limbo continues
With the launch of the Zest, my Vista would start looking for a buyer. 30 months with 43k on the odo, the Vista has been my confident ride across states.
With diesel prices on the verge of being de-regulated (up by INR 20 in last 24 months), I am confused if I should go for a diesel or switch to petrol. The confusion is pronounced more so because of the Revotron engine being introduced.
Below is the fuel difference over a period of 48 months.
Per the above calculation, the diesel price variable only offsets in 4 years. Is it logical to buy a diesel with a running of max 1500 kms/month.
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