Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 16th September 2011, 15:46   #2116
BHPian
 
Durango Dude's Avatar
 
Join Date: Mar 2009
Location: Chennai
Posts: 473
Thanked: 195 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Post deleted by the Team-BHP Support : Please do NOT post one-liners that add little or no informational value to the thread. We need your co-operation to maintain the overall quality of this forum.

Please read our rules before proceeding any further.

Last edited by GTO : 19th September 2011 at 18:41.
Durango Dude is offline   Reply With Quote Received Infraction
Old 16th September 2011, 16:14   #2117
BHPian
 
hrman's Avatar
 
Join Date: Jun 2006
Location: Bangalore
Posts: 837
Thanked: 255 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Shell in Bangalore is 74.40 for the unleaded variety. Super is some 76.XX today. I think shell is some 40p cheaper than government today!
hrman is online now   Reply With Quote
Old 16th September 2011, 16:27   #2118
Senior - BHPian
 
geeash's Avatar
 
Join Date: Apr 2009
Location: Chennai
Posts: 1,510
Thanked: 121 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Govt says bpcl, hpcl etc lose 50 crore a day on subsidy. Then how come their stock price is rising 30% yoy? If public subsidy is issue can they cut salaries of minister citing budget reason?

..lets see who hits 100 first. Sachin or petrol price...
geeash is offline   (1) Thanks Reply With Quote
Old 16th September 2011, 17:15   #2119
Senior - BHPian
 
Join Date: Apr 2007
Location: Chennai
Posts: 1,045
Thanked: 140 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Let me check Shell's price tomorrow morning. The price has not increased from Rs.68.40 for over the last month or so. Considering how Shell did not mind taking its price well in excess of Rs.75 earlier when crude oil prices rocketed, I find it surprising that the PSU's opted to take the retail price of Petrol above Rs.70.
pypkmsrikanth is offline   Reply With Quote
Old 16th September 2011, 17:21   #2120
Senior - BHPian
 
scopriobharath's Avatar
 
Join Date: Nov 2007
Location: Chennai
Posts: 3,534
Thanked: 1,153 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

The Govt knows that people will shout initially and meekingly take up the hike. I am sure by the increase in petrol prices, the demand is not going to come down. People will still use cars. Nothings gonna change.

Govt goes by the principle - If Dog barks at the sun for the heat in summer, what is sun's loss in that. sun continues to generate heat.

Believe me Guys - Even if petrol is priced at 200/- per litre, there will still be demand and there will be no reduction in sales / traffic.
scopriobharath is offline   (1) Thanks Reply With Quote
Old 16th September 2011, 17:36   #2121
BHPian
 
karty_83's Avatar
 
Join Date: Apr 2007
Location: Bangalore
Posts: 398
Thanked: 165 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

I want the petrol prices to get back to what it was like a year and a half back. If not the govt. should deregulate diesel prices as well.
I mean why should only the petrol vehicle owners suffer .

I know its illogical and will never turn out that way. But what's happening is so unfair.
karty_83 is offline   Reply With Quote
Old 16th September 2011, 18:30   #2122
BHPian
 
Join Date: Aug 2007
Location: Mumbai/BLR/USA
Posts: 918
Thanked: 173 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Touching diesel price is politically sensitive and has a cascading impact on the whole economy, hence no political party will dare to touch diesel prices.
Petrol consumers are generally 2 wheelers and private cars owned generally by middle class people hence government is least bothered about this sections as they seldom vote. Moreover petrol prices are not included in the computation of inflation figures hence no impact on inflation numbers.

Today in Bangalore Shell displayed Rs. 74.40 probably the highest in the country.
tj123 is offline   Reply With Quote
Old 16th September 2011, 23:15   #2123
BHPian
 
Join Date: Dec 2005
Location: Hyderabad
Posts: 52
Thanked: 6 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Mods, can we have a tracker for fuel prices in each city, each major bunks, along with quality indication? If it could be a reference point to check the cheaper bunk, this could be a tbhp exclusive as well. Inputs could be from bhpians.
tosathyas is offline   (1) Thanks Reply With Quote
Old 17th September 2011, 07:11   #2124
Senior - BHPian
 
rajeev k's Avatar
 
Join Date: Jul 2009
Location: Emerging Metro
Posts: 3,282
Thanked: 1,654 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

One's loss is another's gain.The price hike has brought activity back to Reliance outlets. Saw this crowd at the wee hours today. This one was deserted for quite long and till yesterday.
Attached Thumbnails
The Official Fuel Prices Thread-reliance.jpg  

rajeev k is offline   Reply With Quote
Old 17th September 2011, 07:48   #2125
BHPian
 
Join Date: Aug 2011
Location: Chennai
Posts: 84
Thanked: 27 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

If public oil marketing companies price their petrol higher than private companies, won't that be suicidal? Companies like Reliance, Shell, and Essar will move aggressively via lower prices than public sector, higher quality, better service, better ambiance, bigger network, etc., so that people don't go to HP, BPCL, IOC cartel. This had happened before in other industries, like in electronics, e.g., the MNCs came from Korea, Japan, etc., with better products, technology, and customer service, and that is RIP for the domestic public and private sector electronics companies.
murillo is offline   (1) Thanks Reply With Quote
Old 17th September 2011, 09:23   #2126
Senior - BHPian
 
lurker's Avatar
 
Join Date: Jun 2006
Location: Tura
Posts: 1,228
Thanked: 481 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Quote:
Originally Posted by murillo View Post
If public oil marketing companies price their petrol higher than private companies, won't that be suicidal? Companies like Reliance, Shell, and Essar will move aggressively via lower prices than public sector, higher quality, better service, better ambiance, bigger network, etc., so that people don't go to HP, BPCL, IOC cartel. This had happened before in other industries, like in electronics, e.g., the MNCs came from Korea, Japan, etc., with better products, technology, and customer service, and that is RIP for the domestic public and private sector electronics companies.
Probably that's exactly the idea behind this. To make business profitable for Reliance.
lurker is online now   Reply With Quote
Old 17th September 2011, 09:38   #2127
BHPian
 
Join Date: Mar 2008
Location: Hyderabad
Posts: 746
Thanked: 198 Times
Infractions: 0/1 (4)
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Some of the readers' comments on fuel price hike on 16.09.2011 :-

"Since the last hike, according to the data available on the internet, the price of the Brent Crude has been decreased from $ 125 to $ 109., a 14 % decrease.. The rupee, on the other hand, has gone from Rs.45 to Rs.48. An oil company official mentioned on TV that the price of the oil has gone upto $ 125 from % 119, which is incorrect as per the data on the net. It was also interesting that he did not use the Brent crude price to state these facts, but used the motor spirit prices, which are now based on Singapore's price of petrol. We have used Brent crude price and have now shifted to Singapore prices. Perhaps more light needs to be shed on this."

This, as the reader points out, needs to be probed more so as to understand the pricing mechanism of oil by the govt and the OMCs.

Another reader opines, " Why should petrol users subsidize diesel users? Why cant there be dual pricing for diesel users? Many large vehicles use diesel and their owners need to pay more taxes. And is someone monitoring the inefficiencies of the oil PSUs?"

Well, it is once again the dual pricing to the fore. Idea is good but implementation is more of a challenge. Inefficiencies are there but we do not know much about the monitoring.

Another reader suggests that " the government should publish, like the US Energey Information Administration, a monthly What We Pay For In A Gallon of Regulat Gasoline, giving the breakup of cost under four different headings - crude oil, refining, distribution, and marketing and taxes. A typical costing of petrol in the US., including profit margins, looks like this : Crude - 68 %, refining - 15%, distribution and marketing - 6%, taxes-11%.".

This idea is good. At least we would know what we are apying for. Note that the taxes are only 11 % whereas our govt collects much more. The report also mentions that petrol is Rs.46/litre and diesel Rs.49/litre when converted to rupee @ Rs.48/$, week ending 12.09.2011.
simplyself is offline   Reply With Quote
Old 17th September 2011, 09:49   #2128
Senior - BHPian
 
Join Date: Apr 2007
Location: Chennai
Posts: 1,045
Thanked: 140 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Shell is retailing at Rs.72 a litre since yesterday night. That is roughly Re.1/- more than PSU bunks. Shell were able to sell at Rs.3/- less till the PSU hike. Looks like Shell is also taking their pound of flesh along with the Government.
pypkmsrikanth is offline   Reply With Quote
Old 17th September 2011, 10:51   #2129
Senior - BHPian
 
sdp1975's Avatar
 
Join Date: Aug 2009
Location: Bangalore
Posts: 1,507
Thanked: 810 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Petrol prices are high in India due to high taxes :

Half of what you pay for petrol is taxes
sdp1975 is offline   Reply With Quote
Old 17th September 2011, 11:10   #2130
Senior - BHPian
 
lurker's Avatar
 
Join Date: Jun 2006
Location: Tura
Posts: 1,228
Thanked: 481 Times
Default Re: Official tracker of fuel prices. EDIT : Petrol going UP again on 16th September,

Quote:
Originally Posted by tosathyas View Post
I was just trying to understand the maths behind Petrol Prices.
I have heard many saying that it is the tax that central and state govt applies is the core reason for high cost of petrol.

As per my understanding:

1 Barrel of Crude Oil would result in 78 Litres of Petrol.
1 Barrel of Brent Crude is around $100,
So 78 Ltrs costs $100 or ₹4500 (@ $1 = ₹ 45)
This translates into ₹ 58/ per litre.
Sorry. that's incorrect !

petrol is only one component of the refined output.

1 barrel of crude is (159 litres)
:& translates roughly into

78 litres of Petrol
37 litres of ATF
34 litres of diesel
15 litres of Naphta
15 litres of tar/bitumen
lurker is online now   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
BMW to drop prices due to increased localisation. EDIT: New prices announced Aditya The Indian Car Scene 38 10th July 2015 21:19
Have official pioneer HU prices fallen? greenhorn In-Car Entertainment 3 11th January 2010 01:36
Hyundai Cut prices- New detailed prices. harry10 The Indian Car Scene 5 9th December 2008 00:45
Are these good prices for Tata\Fiat vehicles? Corporate Offer Prices sahakar The Indian Car Scene 15 8th July 2008 23:03


All times are GMT +5.5. The time now is 09:44.

Copyright 2000 - 2016, Team-BHP.com
Proudly powered by E2E Networks