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


Reply
 
Thread Tools Search this Thread
Old 15th January 2015, 20:07   #4516
BHPian
 
jaaz's Avatar
 
Join Date: Jul 2009
Location: Bangalore
Posts: 267
Thanked: 50 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by reverse_gear View Post

What are they going to do with all the excess recovery that they are now enjoying?
Swiss Banks

Quote:
Originally Posted by Chetan_Rao View Post
I'm not saying any of those schemes will ever get properly funded or actually benefit anyone except those supposed to deliver/supervise/manage them, but the common Joe taxpayer will continue to get ripped off in their name(s) as usual.
The funniest part is that, We pay for the laying of the Roads, We pay for the Cars that run on them as Road Tax, We pay for the Corrupt Supervisors to monitor on the Corrupt Contractors etc. etc.,

And the icing of the Cake is that you're once again asked to pay over and above as Toll for every 80 kms. of usage.
jaaz is offline   (4) Thanks Reply With Quote
Old 16th January 2015, 04:34   #4517
BHPian
 
Join Date: Sep 2013
Location: Hyderabad
Posts: 933
Thanked: 416 Times
Default Re: The Official Fuel Prices Thread

On my way to office today, I have seen all the petrol stations enroute have remain closed. Barricades were put up so that customers have no way to get in. Any particular reason? Festival season may not be the correct conclusion here. I found that strange as there was no news of hike or reduction in fuel prices.
JoseVijay is offline   Reply With Quote
Old 16th January 2015, 08:23   #4518
BHPian
 
Join Date: Oct 2006
Location: Madras
Posts: 588
Thanked: 138 Times
Default Re: The Official Fuel Prices Thread

It is absolutely strange and shocking to see no movement in fuel prices this fortnight. It is "Acche Din" for babus not for common man.
hyper-VTEC is offline   Reply With Quote
Old 16th January 2015, 10:12   #4519
BHPian
 
Join Date: Jan 2015
Location: Mumbai
Posts: 240
Thanked: 251 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by jaaz View Post
Swiss Banks
BTW, with the Swiss central bank releasing the currency cap yesterday, the Swiss Franc shot by 20%. There is probably a mega celebration on amongst all the crooked politicos and industrialists who will suddenly see the value of their Swiss bank deposits shoot up.

The sad part is that they choose not to share their windfall with us common folk, by at least bringing down fuel prices to a fair level.
reverse_gear is offline   (1) Thanks Reply With Quote
Old 16th January 2015, 10:35   #4520
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,636
Thanked: 3,050 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

Last fortnight it was a day late. So maybe they want to break the cycle of fixed dates. In any case the OMCs are enjoying the impact of high prices on the bottom lines, and some (esp IOC) are plum for sale of stake.
sgiitk is offline   (1) Thanks Reply With Quote
Old 16th January 2015, 11:01   #4521
Senior - BHPian
 
StarScream's Avatar
 
Join Date: Nov 2007
Location: Noida/Delhi
Posts: 1,215
Thanked: 598 Times
Default Re: The Official Fuel Prices Thread

Apparently, we can expect crude to stay low for a while:
http://www.bloomberg.com/news/2015-0...r-average.html
StarScream is offline   Reply With Quote
Old 16th January 2015, 11:08   #4522
BHPian
 
manas27587's Avatar
 
Join Date: Oct 2013
Location: Mumbai
Posts: 141
Thanked: 55 Times
Default

Quote:
Originally Posted by StarScream View Post
Apparently, we can expect crude to stay low for a while:
http://www.bloomberg.com/news/2015-0...r-average.html

I expect crude prices to remain this low until Russian problems are sorted out and even after then they may not cross 70$.
Saudi has seen enough to know how shale gas will ruin the party.
Meanwhile, I'm not an expert on this and only say this based on my experience.
manas27587 is offline   Reply With Quote
Old 16th January 2015, 12:08   #4523
Senior - BHPian
 
harry10's Avatar
 
Join Date: Jul 2008
Location: Faridabad/Delhi
Posts: 2,153
Thanked: 458 Times
Default

So no fuel price cuts again. Lol. This deregulation has been the biggest joke off late. I was expecting a cut especially cos of elections coming up.
harry10 is offline   Reply With Quote
Old 16th January 2015, 12:20   #4524
Senior - BHPian
 
fiat_tarun's Avatar
 
Join Date: Jan 2010
Location: Pune / Mysore
Posts: 1,072
Thanked: 518 Times
Default Re: The Official Fuel Prices Thread

OMC's are using the excuse of inventory losses to not reduce fuel price. This same inventory gain is not accounted for when prices have to be increased. According to news reports they are making a profit of ~ Rs.5 per litre !!!
fiat_tarun is offline   Reply With Quote
Old 16th January 2015, 12:44   #4525
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,636
Thanked: 3,050 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by fiat_tarun View Post
According to news reports they are making a profit of ~ Rs.5 per litre !!!
See my post #4511 here. ₹5.00-5.50 for Diesel and ₹6.50 for Petrol.
sgiitk is offline   Reply With Quote
Old 16th January 2015, 13:46   #4526
Distinguished - BHPian
 
drmohitg's Avatar
 
Join Date: Sep 2010
Location: Delhi
Posts: 4,165
Thanked: 2,933 Times
Default Re: The Official Fuel Prices Thread

The most interesting thing in all this is that the media is very conveniently staying silent on this issue. They are more interested in other non issues. Isn't it clear to them that the whole country is being taken for a ride here with such lame excuses.
drmohitg is offline   Reply With Quote
Old 16th January 2015, 13:56   #4527
Distinguished - BHPian
 
saket77's Avatar
 
Join Date: Dec 2012
Location: Ranchi
Posts: 2,947
Thanked: 2,828 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by drmohitg View Post
The most interesting thing in all this is that the media is very conveniently staying silent on this issue. They are more interested in other non issues. Isn't it clear to them that the whole country is being taken for a ride here with such lame excuses.
Exactly what I have been thinking. This issue is more like opening a can of worms for the media or it may be something which is beyond an average journalist's/ editor's head. Who would like to bell the cat anyway when they have more popular and spicy stuff which, for some reason, they call 'NEWS'!
You know there are some 'reputed' news channels and news websites which I avoid opening at my workplace for what they openly sell & display?
saket77 is offline   Reply With Quote
Old 16th January 2015, 17:49   #4528
Senior - BHPian
 
StarScream's Avatar
 
Join Date: Nov 2007
Location: Noida/Delhi
Posts: 1,215
Thanked: 598 Times
Default Re: The Official Fuel Prices Thread

Excise on diesel and petrol raised by 2 rupees/liter each from Jan. 17, so I assume that means no price cut.

Last edited by StarScream : 16th January 2015 at 18:07.
StarScream is offline   Reply With Quote
Old 16th January 2015, 18:25   #4529
BHPian
 
Join Date: Jan 2015
Location: Mumbai
Posts: 240
Thanked: 251 Times
Default Re: The Official Fuel Prices Thread

4th duty hike in the last 3 months. CNBC says that excess recovery is Rs.5-5.50 even after this duty increase.

Government should just go ahead and announce re-regulation of petrol and diesel prices.
reverse_gear is offline   Reply With Quote
Old 16th January 2015, 18:44   #4530
BHPian
 
mukeshgoel's Avatar
 
Join Date: Sep 2008
Location: Gurgaon
Posts: 726
Thanked: 347 Times
Default Re: The Official Fuel Prices Thread

Petrol price cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre.

So benefits shared 33% each by Govt, consumers, Oil companies.

Last edited by mukeshgoel : 16th January 2015 at 18:51.
mukeshgoel 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 06:03.

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