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Old 16th February 2013, 10:23   #2956
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As I have said before, the so called 45 p per month increase is a half measure, which in all likelihood will not lead to a material decrease in the diesel subsidy. Noone seems to realize the consequences of the Goi's spending binge - investment has frozen and all the smart money is looking for ways outside India. It looks like it will take a 1991 style crisis or worse before the government wakes up and gets real.
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Old 16th February 2013, 12:24   #2957
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Default Re: The Official Fuel Prices Thread

Filled up with Shell Regular Unleaded today. Was the same price as before @ Rs. 74.10. Would recommend you fill at Shell to beat the Petrol hike, at least today. Don't know when they will increase prices
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Old 22nd February 2013, 11:51   #2958
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Brent prices fell sharply in international markets to $114. Any chance these beggars reduce the Petrol prices?
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Old 22nd February 2013, 13:53   #2959
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by romeomidhun View Post
Brent prices fell sharply in international markets to $114. Any chance these beggars reduce the Petrol prices?
At the same time the Rupee fell from Rs.53 per dollar to 54.50. Also, now a hike in the Road Surcharge (currently Rs.2 per litre) is on the radar. Also, with a high possibility of a credit rating downgrade (esp if the FSA is implemented) expect the Rupee to fall to the 60-65 range wrt the $.
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Old 26th February 2013, 19:41   #2960
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Default Re: The Official Fuel Prices Thread

Fuel prices to be revised as a result of fuel price revision recently :-)

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Bansal said the increase in diesel prices last month had added Rs 3,330 crore to Railway's fuel bill.
Quote:
The increase in retail rates of diesel, LPG and kerosene that is needed because of the freight increase is yet to be calculated.
More details at :
http://economictimes.indiatimes.com/...w/18695175.cms

Last edited by windsurfer : 26th February 2013 at 19:43.
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Old 27th February 2013, 09:40   #2961
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Default Re: The Official Fuel Prices Thread

There may be a freight hike, and a customs duty hike coming. Rupees was again down to 54+ yesterday. Only rosy thing is that Cride is down to 114-/94- levels. I hope they hike diesel beyond the 50p Laxman rekha if the hikes come.
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Old 1st March 2013, 18:04   #2962
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Default Re: The Official Fuel Prices Thread

Congratulations. Petrol price has been raised by another 1.4rs from today midnight.

Waiting for the 3 digit mark soooon.
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Old 1st March 2013, 18:13   #2963
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Default Re: The Official Fuel Prices Thread

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Originally Posted by mjothi View Post
Congratulations. Petrol price has been raised by another 1.4rs from today midnight.

Waiting for the 3 digit mark soooon.
Wow!! at this pace, the 3 digit number will be here soon. What is the new retail price for petrol in Bangalore now? Any idea if diesel price has been increased?
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Old 1st March 2013, 18:22   #2964
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by mjothi View Post
Congratulations. Petrol price has been raised by another 1.4rs from today midnight.

Waiting for the 3 digit mark soooon.
Ooops. Here is the link. No hike in diesel price.

http://profit.ndtv.com/news/industri...1-40-318835=ch

-Ravi

Last edited by ravib : 1st March 2013 at 18:25.
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Old 1st March 2013, 18:23   #2965
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Default Re: The Official Fuel Prices Thread

Just logged and surprised to see a price hike so soon. That too a good 1.4 Rs. Add local taxes to it and its an even bigger amount. Where are we really headed? Has the world oil scenario become so shaky that every fortnight we need to increase the prices of fuel by a handsome chunk? For all these years there was enough oil and suddenly in the last 3-4 years there has been this sudden increase in demand?

Finally isn't it time for the Govt to start reassessing its priorities. Running schemes for the larger good ( only on paper most of the times) is ok, but there has to be a balance at some point. Is there any sanity left/expected out of the fuel pricing in India?
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Old 1st March 2013, 18:27   #2966
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by addyhemmige View Post
Wow!! at this pace, the 3 digit number will be here soon. What is the new retail price for petrol in Bangalore now? Any idea if diesel price has been increased?
Diesel was hiked last month 15th. And was announced that it will be hiked every month at 50paise. So, we can expect the diesel hike in 2 weeks.
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Old 2nd March 2013, 11:25   #2967
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Angry Re: The Official Fuel Prices Thread

Death knell sound for the petrol cars sounding louder with every passing day. The hike of Rs 1.4 close on the heels of the hike last month is steep indeed. Luckily i got my car refilled y'day and the price in Thane was Rs 75.20, with the recent hike it crossed Rs 77 mark. My car will be staying in the garage for a longer time now.
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Old 2nd March 2013, 16:15   #2968
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by addyhemmige View Post
Wow!! at this pace, the 3 digit number will be here soon. What is the new retail price for petrol in Bangalore now?
Damn, petrol was Rs.76.04 previously and is now Rs.77.70 in Bangalore as per today's newspaper
What I fail to understand is that since this hike is being attributed to the falling rupee and rising crude oil prices, how can it not result in an increase of Diesel price as well ? I know about the already announced 50p per month hike for Diesel which is a rationalisation exercise but shouldn't this ad-hoc increase also be applied on Diesel pricing, otherwise the gap is going to continue and there will never be a time when the rationalisation exercise will end

Too much fine print goes into the pricing games (aka strategy/subsidy/rules) and our governments know how to play the game to their advantage, to hell with the mango man seems to be their only motto!

Last edited by NPV : 2nd March 2013 at 16:21.
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Old 2nd March 2013, 17:40   #2969
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Default Re: The Official Fuel Prices Thread

Brent oil prices are at $111, and these stupids keep on increasing the oil prices here!
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Old 2nd March 2013, 21:40   #2970
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Default Re: The Official Fuel Prices Thread

Due to the government, still paying Rs. 58.50/ litre for petrol here in Goa .
However not sure how long the prices are going to be steady below the Rs. 60 mark.

With a ban on mining and the resulting shortfall in revenue collection, the govt is in doldrums.
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