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Old 16th February 2016, 15:52   #5326
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Default Re: The Official Fuel Prices Thread

These days price changes are sometimes announced a day or so later. So let us wait for tonight.
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Old 16th February 2016, 16:31   #5327
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Default Re: The Official Fuel Prices Thread

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Originally Posted by MaxTorque View Post
By the way there is no announcement regarding fuel price increase/decrease? The announcement normally happens on 1st and 15th right?
They must be busy calculating the increase in excise after reduction of fuel prices. This way increase in excise can be announced immediately after announcing the new price.
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Old 16th February 2016, 18:39   #5328
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Default Re: The Official Fuel Prices Thread

Slightly OT, but this is why digesting Odd-Even rule in Delhi becomes even harder to digest.

For every car that you buy, you pay sales tax, registration tax, service tax on insurance and I am sure a couple of more taxes. Than for every liter of fuel you buy, government gets nearly 50% of it as tax. Than for any half decent road that you drive on, you pay toll tax and even than when you need it you cannot take your car out.
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Old 16th February 2016, 19:01   #5329
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Default Re: The Official Fuel Prices Thread

Will this result in an increase in the latest price?

http://economictimes.indiatimes.com/...w/51008421.cms
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Old 17th February 2016, 18:40   #5330
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Default Re: The Official Fuel Prices Thread

Finally they have reduced petrol and increased diesel price. Guess the officials were busy due to Valentine's day.

http://www.thehindubusinessline.com/...cle8248984.ece
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Old 17th February 2016, 19:08   #5331
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Default Re: The Official Fuel Prices Thread

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Originally Posted by gm_arun View Post
Finally they have reduced petrol and increased diesel price.

Wait for it.. I am sure there will be an announcement of an increase in the taxes pretty soon

They are making a big joke of the common people.
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Old 17th February 2016, 19:45   #5332
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Default Re: The Official Fuel Prices Thread

http://m.firstpost.com/business/econ...e-2630626.html

Huge 'relief' to the modifiers: petrol prices cut by 32 paise, and diesel prices increased only by 28 paise!
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Old 18th February 2016, 09:43   #5333
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by sgiitk View Post
These days price changes are sometimes announced a day or so later. So let us wait for tonight.
Quote:
Originally Posted by gm_arun View Post
Finally they have reduced petrol and increased diesel price.
I feel prim - I said it. Maybe they were busy watching the TV!
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Old 19th February 2016, 12:52   #5334
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Default Re: The Official Fuel Prices Thread

A history of oil's booms and busts

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Old 29th February 2016, 18:28   #5335
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Default Re: The Official Fuel Prices Thread

Petrol price cut by Rs 3.02/Litre. That's a good news after a long time
Not a good news for Diesel vehicle owners though. Prices hiked by Rs 1.47/Litre
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Last edited by 1lokesh : 29th February 2016 at 18:31.
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Old 29th February 2016, 18:42   #5336
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Quote:
Originally Posted by 1lokesh View Post
Petrol price cut by Rs 3.02/Litre. That's a good news after a long time
Not a good news for Diesel vehicle owners though. Prices hiked by Rs 1.47/Litre
This is really crazy.
How can the prices move in opposite directions that too by such a large difference.
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Old 29th February 2016, 18:57   #5337
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Default Re: The Official Fuel Prices Thread

I, for once am happy to see a big fall in petrol prices. I can now get two more liters of petrol for every tankful and that amount is significant! Plus the prices will.drop below the 60 mark and the drop will make a bigger psychological impact!
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Old 29th February 2016, 18:58   #5338
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Default Re: The Official Fuel Prices Thread

So finally, after making a killing with selling petrol at higher prices, the govt has finally reduced the price. Will wait till tomorrow to tank up.
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Old 29th February 2016, 19:02   #5339
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by nik hill View Post
This is really crazy.
How can the prices move in opposite directions that too by such a large difference.
In India it can move in any direction. Don't worry our lorry drivers will come to rescue. We might see a strike or hike in all commodity prices if there's another hike in diesel price.

On a serious note I feel govt is trying all possible ways in directly to keep the number of diesel vehicles in check. This year budget and add this hike in price.
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Old 29th February 2016, 19:05   #5340
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Default Re: The Official Fuel Prices Thread

"After the price change, petrol will cost 56.61 a litre in Delhi while diesel will cost 46.43 a litre."

Reducing the difference to 10 rs/-. Though government has been holding this price cut, better be late than be never!!
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