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


Reply
 
Thread Tools Search this Thread
Old 16th January 2013, 09:47   #2911
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,808
Thanked: 1,806 Times
Red face Re: The Official Fuel Prices Thread

Petrol price hiked by 35 paises. Secone one within a month. Last it was raised by 70 odd paises in the last week of December. Petrol price in Thane now crossed Rs 74/-

http://www.moneycontrol.com/news/eco...e-_808358.html
ghodlur is offline   Reply With Quote
Old 16th January 2013, 10:27   #2912
Senior - BHPian
 
rajshenoy's Avatar
 
Join Date: Apr 2006
Location: bangalore
Posts: 1,751
Thanked: 560 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by ghodlur View Post
Petrol price hiked by 35 paises. Secone one within a month. Last it was raised by 70 odd paises in the last week of December. Petrol price in Thane now crossed Rs 74/-

http://www.moneycontrol.com/news/eco...e-_808358.html
As expected. These idiots increase petrol prices . when it is not even a mosquito bite for the economy.

Last edited by rajshenoy : 16th January 2013 at 10:30.
rajshenoy is offline   Reply With Quote
Old 16th January 2013, 10:30   #2913
BHPian
 
sa_kiran's Avatar
 
Join Date: Jun 2011
Location: Thane
Posts: 513
Thanked: 160 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by ghodlur View Post
Petrol price hiked by 35 paises. Secone one within a month. Last it was raised by 70 odd paises in the last week of December. Petrol price in Thane now crossed Rs 74/-
I filled up at Vikhroli on 8th of this month, the cost was 74.32/liter. Petrol costs about 2/liter more in Thane. So, it should be close to 77/liter in Thane.

I've not filled up petrol in Thane for close to a year now; costly and I don't know of reliable pumps.
sa_kiran is offline   Reply With Quote
Old 16th January 2013, 10:36   #2914
Senior - BHPian
 
9thsphinx's Avatar
 
Join Date: Oct 2008
Location: Ahmedabad
Posts: 1,035
Thanked: 420 Times
Default Re: The Official Fuel Prices Thread

CNG prices increased in Gujarat to more than 7 Rs/kg. CNG car owners will now have to shell out close to Rs 60 for every kg worth this natural gas alternative to the pricier petrol!
9thsphinx is offline   Reply With Quote
Old 16th January 2013, 10:39   #2915
Senior - BHPian
 
ghodlur's Avatar
 
Join Date: Sep 2009
Location: Thane
Posts: 4,808
Thanked: 1,806 Times
Smile Re: The Official Fuel Prices Thread

Quote:
Originally Posted by sa_kiran View Post
I filled up at Vikhroli on 8th of this month, the cost was 74.32/liter. Petrol costs about 2/liter more in Thane. So, it should be close to 77/liter in Thane.

I've not filled up petrol in Thane for close to a year now; costly and I don't know of reliable pumps.
Post the reduction of octroi on the fuels in Thane from 4.5 to 0.5%, petrol prices in Thane are now at part with the Mumbai prices. It was 74.34 when I filled on 9th in Thane. Add 35 paises to that and now the petrol will retail at 74.7/-

Couple of reliable pumps are there in Thane - notably IOC pump at Tatvagyan Vidyapith opp Vihangs Inn on G B road, BPCL at Majiwade(under renovation now), HPCL pump at Teen Petrol pump area etc. Check this thread for more details.
http://www.team-bhp.com/forum/mumbai...ps-mumbai.html (Trusted petrol pumps in Mumbai)
ghodlur is offline   Reply With Quote
Old 16th January 2013, 10:51   #2916
BHPian
 
sa_kiran's Avatar
 
Join Date: Jun 2011
Location: Thane
Posts: 513
Thanked: 160 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by ghodlur View Post
Post the reduction of octroi on the fuels in Thane from 4.5 to 0.5%, petrol prices in Thane are now at part with the Mumbai prices. It was 74.34 when I filled on 9th in Thane. Add 35 paises to that and now the petrol will retail at 74.7/-

Couple of reliable pumps are there in Thane - notably IOC pump at Tatvagyan Vidyapith opp Vihangs Inn on G B road, BPCL at Majiwade(under renovation now), HPCL pump at Teen Petrol pump area etc. Check this thread for more details.
http://www.team-bhp.com/forum/mumbai...ps-mumbai.html (Trusted petrol pumps in Mumbai)
Thanks for the update, I did not know of octroi reduction in Thane. BPCL pump at Majiwada is certainly not reliable, I was cheated once and never went there again. Second concern is the credit card acceptance and surcharge.
sa_kiran is offline   Reply With Quote
Old 16th January 2013, 11:23   #2917
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,644
Thanked: 3,059 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

They claim that 0.35 + taxes is due to the hardening of crude prices. Then why are they procrastinating about Diesel, LPG and K-oil. I somehow smell a but of cross-subsidy. Brent has stayed in the $108-112 band for quite some time, while NYMEX has hardened. As a result the differential has dropped from $23 to $17 in a month.
sgiitk is offline   (1) Thanks Reply With Quote
Old 16th January 2013, 12:06   #2918
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,644
Thanked: 3,059 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

Now some good news. Tghis alone should drive fuel prices lower by 10%.

http://www.moneycontrol.com/news/rup...bc_808447.html
sgiitk is offline   Reply With Quote
Old 16th January 2013, 21:41   #2919
BHPian
 
Hayek's Avatar
 
Join Date: Jul 2011
Location: Bombay
Posts: 650
Thanked: 1,423 Times
Default

Quote:
Originally Posted by sgiitk
Now some good news. Tghis alone should drive fuel prices lower by 10%.

http://www.moneycontrol.com/news/rup...bc_808447.html
Never look at what research analysts in a bank say - look at what the traders do.

If USD 15 bn of FII flows in the last 6 months have failed to strengthen the Rupee, I don't know what will. We need USD 30 bn of FII flows just to keep the INR flat, the odds are that will not come through and the INR will depreciate. The only realistic reason why the INR will strengthen is if oil prices come off significantly. So if oil prices remain flat, be prepared for further INR depreciation and higher fuel bills.
Hayek is offline   Reply With Quote
Old 17th January 2013, 09:40   #2920
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,644
Thanked: 3,059 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

@Hayek; The only things which will help are reduction in Deficit, and Subbarao has put the spenthrift lobby in place. Hope they bite the bullet and increase Diesel, LPG and Kerossene prices soon. Also, PC seems to be really keen to push GST.
sgiitk is offline   Reply With Quote
Old 17th January 2013, 13:48   #2921
Senior - BHPian
 
romeomidhun's Avatar
 
Join Date: Nov 2007
Location: Chennai
Posts: 2,382
Thanked: 1,402 Times
Default Re: The Official Fuel Prices Thread

Source: http://ibnlive.in.com/news/oil-compa.../316243-3.html

Seems like Govt has partially deregulated Diesel pricing, and companies can decide the price now. The Diesel prices will go up by around Rs 10/- in coming 2 - 3 months, for sure.

Last edited by romeomidhun : 17th January 2013 at 13:53.
romeomidhun is offline   Reply With Quote
Old 17th January 2013, 13:50   #2922
BHPian
 
Join Date: Jul 2012
Location: Indore
Posts: 419
Thanked: 539 Times
Default Re: The Official Fuel Prices Thread

Diesel partially deregulated. OMC can hike Diesel prices now periodically.

Quote:
Moily also ruled out any revision in fuel prices as of now. However, he said that OMCs have been authorised to make diesel price corrections from time to time.

This in effect translates into a partial deregulation of diesel prices. Meanwhile, the Election Commission has granted no objection to government's proposal for raising cap on LPG gas quota.
Source:http://economictimes.indiatimes.com/...w/18059417.cms
sarthakgupta is offline   Reply With Quote
Old 17th January 2013, 14:01   #2923
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,644
Thanked: 3,059 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

A forked tongue if ever there was one. Some questions:

1. Who pays for the deficit on the additional three cylinders?
2. What is the schedule for Diesel hike - Rs.10 straight away or over a few months.
3. Was the 0.35 increase in petrol an attempt to cross subsidise a bit?
4. Will Petrol & Diesel be hiked to cross subsidize LPG?
sgiitk is offline   Reply With Quote
Old 17th January 2013, 14:03   #2924
Senior - BHPian
 
thoma's Avatar
 
Join Date: Oct 2011
Location: Kerala
Posts: 1,706
Thanked: 931 Times
Default Re: The Official Fuel Prices Thread

Couple of queries.

- Will a liter of diesel and petrol cost the same if there were no regulations at all? If not, what could be the difference in price with no regulations?
- Have the govt. stipulated the periodicity and the maximum price hike in one period?
thoma is offline   Reply With Quote
Old 17th January 2013, 14:10   #2925
Senior - BHPian
 
romeomidhun's Avatar
 
Join Date: Nov 2007
Location: Chennai
Posts: 2,382
Thanked: 1,402 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by thoma View Post
Will a liter of diesel and petrol cost the same if there were no regulations at all? If not, what could be the difference in price with no regulations?
Oil companies say there is a loss of Rs 10/- per litre of Diesel. That amount will definitely by increased, IMO. So, a price difference of Rs 15% can be there between Diesel and Petrol - Petrol being 15% pricier than Diesel.
romeomidhun is offline   (1) Thanks 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 04:52.

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