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Old 14th May 2014, 15:09   #3586
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Default Re: The Official Fuel Prices Thread

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Originally Posted by supremeBaleno View Post
Diesel is indeed inherently more FE than petrol as you said. But did not quite understand the context of your statement. Are you saying that price of diesel should be higher since it gives more kmpl ? Or the other way round ?

BTW, are the 2 cars in your comparo peers in terms of size/engine etc ? Asking because the petrol car seems to be a real guzzler at around ~8kmpl.
Conditions 80% highway and 20% city (last mile connectivity).
avg kms/hr - 70 kmph on Petrol and 90 kmph on diesel
engines - K-Series 1.2 Maruti & 1.3 MJD

Lets say for a 150 kms trip the 10 digit electronic mileage bar in the 1.2 K-Series (however sedately one drives) will reduce to 5 bars and upon round trip it will come down to 2 bars. around 7 more kms and the final bar begins to blink.

Now take the case of 1.3 MJD, 150kms at avg 70 kmph and the fuel gauge merely takes a slight dip. On round trip it comes down one quarter and then after another round trip of 300 kms it comes down another quarter yet half tank is still remaining. In ideal conditions, (like driving in early morning etc) and no traffic jams expect the mileage to go up even further.

Irrespective of diesel price it is still more VFM than petrol if you are mileage conscious. And in any case there will be some difference between diesel and petrol prices.
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Old 26th May 2014, 22:24   #3587
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The Rupee has been constantly on the way up over last few days now. But we haven't seen any revision in petrol prices. Is it because of new government? Hope they pass on the ' achche din aane wale' feeling by dropping prices to incorporate all these rupee movements.
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Old 27th May 2014, 15:42   #3588
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Default Re: The Official Fuel Prices Thread

@vivekz; Yes, but then Brent is up to $110 plus. I stilll expect a minor drop in petrol. Diesel will go up fast till the subsidy is gone. I will like to see how they tackle Kerosene and LPG subsidies. In the latter a reduction in subsidized cylinders to six is a given.
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Old 28th May 2014, 10:02   #3589
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Default Re: The Official Fuel Prices Thread

In fact the LPG subsidy need a quick fix. At the moment it is cheaper to use LPG (subsidized) that switch to PNG, so people are avoiding taking PNG connections.
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Old 28th May 2014, 10:15   #3590
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Default Re: The Official Fuel Prices Thread

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@vivekz; Yes, but then Brent is up to $110 plus. I stilll expect a minor drop in petrol. Diesel will go up fast till the subsidy is gone. I will like to see how they tackle Kerosene and LPG subsidies. In the latter a reduction in subsidized cylinders to six is a given.
Indeed, having done two nationwide bandhs on increase of fuel prices / reduction in subsidized cylinders when in opposition, will be great fun to see what this Govt does And what the new opposition does.
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Old 28th May 2014, 10:34   #3591
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Default Re: The Official Fuel Prices Thread

@Gsurya; Simple answer then we were in opposition. They talked very nicely with Sharif yesterday. No rhetoric.
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Old 1st June 2014, 07:15   #3592
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Default Re: The Official Fuel Prices Thread

Diesel price has been increased by Rs. 0.50. The petrol price remains unchanged.

Price of diesel were last hiked on May 13 when rates went up by Rs 1.09 a lite, excluding local levies. That hike which translated into Rs 1.22 in Delhi after including VAT, made up for rate hikes for two months as government deferred rates in April due to general elections.

Before Saturday’s increase, diesel prices had risen by a cumulative Rs. 9.55 a litre in 15 instalments since January 2013.

“Even after the current increase, under recovery (loss) on retail diesel shall stand at Rs. 2.80/litre,” Indian Oil Corp, the nation’s largest oil firm, said in a statement announcing the hike.


Source - The Hindu
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Old 1st June 2014, 10:07   #3593
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Default Re: The Official Fuel Prices Thread

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“Even after the current increase, under recovery (loss) on retail diesel shall stand at Rs. 2.80/litre,” Indian Oil Corp, the nation’s largest oil firm, said in a statement announcing the hike.
So if the oil prices remain stable, max of six months before Diesel can be deregulated. If the rupee continues its rise it may even be quicker. As for petrol IOC claimed a worsening exchange rate - Where do they buy from?

Next the tricky ones LPG and Kerosene willl have to be tackled. Let us see how they fix these?
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Old 1st June 2014, 10:29   #3594
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Default Re: The Official Fuel Prices Thread

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@Gsurya; Simple answer then we were in opposition. They talked very nicely with Sharif yesterday. No rhetoric.
Indeed, I bet many of my starstruck co-workers & friends that this Govt will continue the UPA policies on fuel... foreign policy etc. Now I am chuckling, they are sulking.
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Old 1st June 2014, 16:08   #3595
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Default Re: The Official Fuel Prices Thread

@gsurya; I want to see how they fix LPG and Kerosene. That will be very interesting! After the SCi judgement direct transfer based on UID is a non-starter. The subsidies will HAVE to be targeted.
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Old 2nd June 2014, 18:18   #3596
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Angry Price cut for jet fuel & non-subsidised LPG, but not for petrol!

Jet fuel price cut by 1.8%, non-subsidised LPG by Rs 23.50

Quote:
Declining international oil prices and the strengthening of the rupee against the US dollar have made imports cheaper
(Source: Business Standard)

Why wasn't the price of petrol reduced then?

Is it the same vile cross-subsidisation trick of the oil PSUs at play here? - "We sell diesel at less than what it costs us, so let's make up for it on petrol."

The sooner the so-called "under recoveries" on diesel are wiped out, the better it would be!

Last edited by RSR : 2nd June 2014 at 18:34.
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Old 4th June 2014, 09:13   #3597
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Default Re: The Official Fuel Prices Thread

One of the main things that did the UPA-II in, was the frequent hikes in fuel prices. And to think that the new Government is following the same policy. What better endorsement of the erstwhile regime than this ?

Anyway, irrespective of the party in power, as earlier I believe that a non-renewable resource like crude needs to be used carefully and the last thing one does should be to subsidise it.
Ofcourse, it would have helped if they used the additional revenue gained from removal of these subsidies for the common good. But that would be asking too much from any politician.

Last edited by supremeBaleno : 4th June 2014 at 09:22.
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Old 4th June 2014, 09:17   #3598
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Default Re: The Official Fuel Prices Thread

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@gsurya; I want to see how they fix LPG and Kerosene. That will be very interesting! After the SCi judgement direct transfer based on UID is a non-starter. The subsidies will HAVE to be targeted.
The ONLY way forward is Aadhar/UID. The new Govt is just trying to repackage it by saying they will merge UID with NPR; both having different purposes - but so be it. Let them call it by any name, take credit but its the best way forward
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Old 5th June 2014, 16:52   #3599
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The great hope of reformists now says UPA policy on diesel was also correct. No full decontrol.

http://www.business-standard.com/art...0500255_1.html


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Old 5th June 2014, 17:05   #3600
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Default Re: The Official Fuel Prices Thread

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The great hope of reformists now says UPA policy on diesel was also correct.
True mate. They should thank previous government for finding such a solution for fuel subsidy burden.
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