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Old 16th August 2014, 09:07   #3721
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Default Re: The Official Fuel Prices Thread

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Originally Posted by akj123 View Post
In shell bunks, diesel is now only ~Rs 3 higher than HPCL etc (seen in a banner in the bunk). So diesel price (~65) would still be lower than petrol (~78).
So the differential will be under Rs.15!

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At the risk of attracting anger from diesel-lovers, I believe that not only should Diesel be de-regulated but a hefty pollution tax should be imposed on Diesel........

This pollution tax can be used to subsidize CNG, hybrid cars and electric cars and also to modernize / expand public transport. Too much wishful thinking?
The most alarming factor in Diesel is SPM and uSPM. Thid can be lower only if green technology is adapted, but the PSUs got the BS-IV norms diluted since they could not meet the E-IV norms for sulphur. Also, this lobby is behind BS-V being postponed.

As for CNG there is already a shortage, partly due to the reluctance to revice prices, since it will impact power and fertilizer

Last edited by sgiitk : 16th August 2014 at 09:09.
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Old 16th August 2014, 18:04   #3722
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Default Re: The Official Fuel Prices Thread

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Originally Posted by theexperthand View Post
Dont worry bro - the price reduction is applicable pan India.

--Anoop
Just filled up today at Shell - Petrol, normal grade @ Rs.77 and premium grade @ Rs.82.

I am a happier man!!
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Old 18th August 2014, 12:58   #3723
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Default Re: The Official Fuel Prices Thread

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Originally Posted by ghodlur View Post
In Mumbai the rates are still 80+ even with a 2 rs drop in petrol prices. In Thane its still 82+ thanks to the obnoxious LBT. Petrol pump owners had gone on strike to protest against the LBT all across Maharashtra except Mumbai but the state govt is unwilling to reduce the taxes making the common man suffer as usual.
In mumbai after the Rs 2.xx drop petrol price is 78.xx and not 80+
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Old 18th August 2014, 13:51   #3724
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Default Re: The Official Fuel Prices Thread

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Originally Posted by ghodlur View Post
In Mumbai the rates are still 80+ even with a 2 rs drop in petrol prices. In Thane its still 82+ thanks to the obnoxious LBT. Petrol pump owners had gone on strike to protest against the LBT all across Maharashtra except Mumbai but the state govt is unwilling to reduce the taxes making the common man suffer as usual.
Good to know about this. Many times I have gone from Pune to Palghar/ Boisar/ Gujarat and filled up somewhere around Airoli or Thane and the rates were higher.

Next time, I will tank up somewhere earlier on the route (but after the expressway ends) so that I can skip Thane or probably reach closer to Manor before filling up.
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Old 18th August 2014, 14:29   #3725
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Default Re: The Official Fuel Prices Thread

So now the exact difference between Petrol and Diesel is 13.50 rs. I thought diesel is already de-regulated, but Govt seem to be silent on this. So few more months of 50 ps increase to build a buffer of 1 rs profit before they stop the diesel hike ?
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Old 18th August 2014, 17:44   #3726
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Default Re: The Official Fuel Prices Thread

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Originally Posted by rajshenoy View Post
So now the exact difference between Petrol and Diesel is 13.50 rs. I thought diesel is already de-regulated, but Govt seem to be silent on this. So few more months of 50 ps increase to build a buffer of 1 rs profit before they stop the diesel hike ?
I really doubt if they will stop it now until both fuels are priced exactly the same which will take an eternity. No one is really criticizing the diesel price hikes every month and hence I do not see any reason for them to hurt there own revenue source.
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Old 18th August 2014, 18:27   #3727
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Default Re: The Official Fuel Prices Thread

Just saw on the box that the under recovery will ne substantially under Re.1 on 1 September. Also, an analyst on CNBC was predicting Bent at or under $95 by November. So acche din aa rahe hain. Diesel deregulation looks imminent.
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Old 19th August 2014, 11:41   #3728
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Default Re: The Official Fuel Prices Thread

Latest news is that Brent has already fallen to $101/barrel. This is a drop of about 13%. On Rs. 80/- this works out to about Rs. 10/-!!! So actually petrol should be selling at Rs. 70/- in Mumbai by end of this month? Don't get your hopes up guys. We will probably see only another Rs. 2.xx cut.

Reliance, Shell and Essar are getting ready to open their petrol pumps in a big way. Hopefully then we will see true market set prices, instead of being cheated by the Oil PSUs all the time.

Last edited by sandeep108 : 19th August 2014 at 11:43.
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Old 19th August 2014, 11:47   #3729
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Default Re: The Official Fuel Prices Thread

A liter of petrol costs Rs. 69.68 in Ranchi. Diesel is 61.XX, hence the difference is mere 8 rupees here.
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Old 19th August 2014, 14:04   #3730
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Default Re: The Official Fuel Prices Thread

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Originally Posted by sandeep108 View Post
Reliance, Shell and Essar are getting ready to open their petrol pumps in a big way. Hopefully then we will see true market set prices, instead of being cheated by the Oil PSUs all the time.
Really ? I thought all of them could then cheat together.

Indian oil market is basically a price-fixation market, why should the private & public sector forego profits. In US the tendencies are also same, they never cut the cost of gas (heating) for example. The cartelization ensures that there are no break-outs.
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Old 19th August 2014, 14:13   #3731
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Default Re: The Official Fuel Prices Thread

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Really ? I thought all of them could then cheat together.
Yes, probably that is what will happen. But hopefully on some days we will get buy 2L get 1 free, etc. types of rackets too. At least make the consumer feel good.
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Old 19th August 2014, 15:46   #3732
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Default Re: The Official Fuel Prices Thread

They made sure that Reliance, potentially the biggest of them all, shot shop (retail outlets). Chaps like Essar are babies. Shell buys from IOC.
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Old 19th August 2014, 16:38   #3733
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Default Re: The Official Fuel Prices Thread

Delhi: Petrol is selling at 70.xx/ltr and Diesel is at 58.xx/ltr. Still about a Rs.11 gap.
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Old 19th August 2014, 19:04   #3734
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Default Re: The Official Fuel Prices Thread

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Originally Posted by Dry Ice View Post
Delhi: Petrol is selling at 70.xx/ltr and Diesel is at 58.xx/ltr. Still about a Rs.11 gap.
So 10-20 may be the normal band. What is interesting is the Goa scene, is petrol now cheaper?
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Old 19th August 2014, 19:06   #3735
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Originally Posted by sgiitk View Post
So 10-20 may be the normal band. What is interesting is the Goa scene, is petrol now cheaper?
Don't have any knowledge about how all this works. But what I wanna know is will this 10 difference between petrol and diesel sustain or it will come down to bare equal?
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