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


Reply
 
Thread Tools Search this Thread
Old 4th October 2016, 22:44   #5671
Distinguished - BHPian
 
saket77's Avatar
 
Join Date: Dec 2012
Location: Ranchi
Posts: 2,948
Thanked: 2,833 Times
Default Re: The Official Fuel Prices Thread

So, according to a report, there is a marginal increase in fuel prices. This is the second increase in the week. Probably petrol is up by 14p and diesel by 10p.

Let's wait to see on what account this untimely increase might be effective.

Regards.
saket77 is offline   Reply With Quote
Old 4th October 2016, 22:49   #5672
BHPian
 
CarguyNish's Avatar
 
Join Date: Sep 2016
Location: Hubli
Posts: 164
Thanked: 232 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by saket77 View Post
So, according to a report, there is a marginal increase in fuel prices. This is the second increase in the week. Probably petrol is up by 14p and diesel by 10p.

Let's wait to see on what account this untimely increase might be effective.

Regards.
Dealer commission has been increased I guess
Dont have any reason apart from that, this is done only on odd days and next price revision is on 15th October.
CarguyNish is offline   Reply With Quote
Old 5th October 2016, 08:31   #5673
Senior - BHPian
 
Join Date: Dec 2010
Location: --
Posts: 7,767
Thanked: 10,660 Times
Default Re: The Official Fuel Prices Thread

Petrol price hiked for second time in four days by 14p/L, diesel by 10p/L , following increase in commission paid to dealers.

Quote:
Petrol will now cost Rs 64.72 a litre in Delhi from midnight as against Rs 64.58 per litre currently. Diesel will cost Rs 52.61 per litre as against Rs 52.51 a litre at present
Quote:
There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission.
Source

Last edited by volkman10 : 5th October 2016 at 08:34.
volkman10 is offline   (1) Thanks Reply With Quote
Old 5th October 2016, 14:07   #5674
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,637
Thanked: 3,050 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

I do not like the bit about the 10/8p increase. Why could it not be clubbed with the price increase a week ago? Some bureaucrat forgot or what. Yes, the dealers probably need the small increase in their commission but I am sure there are better ways of handling it.
sgiitk is offline   (4) Thanks Reply With Quote
Old 11th October 2016, 15:45   #5675
BHPian
 
lapis_lazuli's Avatar
 
Join Date: Feb 2012
Location: Zilla Ghaziabad
Posts: 413
Thanked: 398 Times
Default Re: The Official Fuel Prices Thread

Came across a news article in today's ToI, which says the next revision of fuel prices will actually make the fuels expensive owing to >50USD a barrel oil prices now. I wonder why the media doesn't remind the government, of the excise cushion, which, may be used to keep the price changes minimal. It seems to be conveniently forgotten : we increase excise now, to reduce it when crude price rises. Now, no one from the guv's office, mentioned what the effective "high" threshold was, unfortunately.
lapis_lazuli is offline   (1) Thanks Reply With Quote
Old 11th October 2016, 20:01   #5676
BHPian
 
dass's Avatar
 
Join Date: May 2008
Location: Bangalore
Posts: 900
Thanked: 303 Times
Default Re: The Official Fuel Prices Thread

Prices are set to go north during the next revision.

http://profit.ndtv.com/news/economy/...=home-business

I wonder when will all the excise tax that was jacked up be pulled back to provide some cushion?
dass is offline   (3) Thanks Reply With Quote
Old 12th October 2016, 10:43   #5677
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,637
Thanked: 3,050 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

@dass; I am expecting at least ₹5 this time round. Saudis are talking of $60 levels for crude. This time at least for the moment the cartel seems to be holding.
sgiitk is offline   Reply With Quote
Old 12th October 2016, 14:48   #5678
Senior - BHPian
 
Join Date: Jul 2010
Location: Bangalore
Posts: 1,565
Thanked: 2,363 Times
Default Re: The Official Fuel Prices Thread

Not a snide remark, but does anyone actually believe the 'we're hiking excise duty to build a price cushion' nonsense paraded out during the low crude price months?
Chetan_Rao is offline   (2) Thanks Reply With Quote
Old 12th October 2016, 15:08   #5679
Senior - BHPian
 
Join Date: Dec 2006
Location: NH209
Posts: 1,605
Thanked: 681 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by Chetan_Rao View Post
does anyone actually believe the 'we're hiking excise duty to build a price cushion' nonsense paraded out during the low crude price months?
I was sure diesel price is set to get a hike so i filling up the tank after returning from the 350 km trip to the nearby tourist trap. wise job, ain't it?

And they say, we get the government we deserve?
ramzsys is offline   Reply With Quote
Old 12th October 2016, 15:27   #5680
Distinguished - BHPian
 
condor's Avatar
 
Join Date: Jun 2006
Location: Speed-brkr City
Posts: 9,813
Thanked: 2,920 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by ramzsys View Post
.. And they say, we get the government we deserve?
Well, it's the pricing methodology. The moment we moved away from a fixed price mechanism, the pricing became open to manipulation. nott about the government of the day.
Quote:
Originally Posted by ramzsys View Post
.. so i filling up the tank after returning from the 350 km trip to the nearby tourist trap. wise job, ain't it?
Tourist Trap ! Ah well, many places are such these days
condor is offline   (1) Thanks Reply With Quote
Old 13th October 2016, 12:36   #5681
Distinguished - BHPian
 
sgiitk's Avatar
 
Join Date: Dec 2007
Location: Kanpur
Posts: 6,637
Thanked: 3,050 Times
Infractions: 0/1 (4)
Default Re: The Official Fuel Prices Thread

I have been watching the channels. Saudi's expect $60 (if the deal goes through), while Goldman Sachs is talking of $43 if it crashes. It is not obvious what will happen, since there are powerful forces on both sides. I suspect the current $50 is more like it.
sgiitk is offline   (1) Thanks Reply With Quote
Old 13th October 2016, 13:42   #5682
RSR
Distinguished - BHPian
 
RSR's Avatar
 
Join Date: Nov 2011
Location: Chennai
Posts: 1,467
Thanked: 3,423 Times
Default Re: The Official Fuel Prices Thread

So Essar's refinery & retail outlets are no longer going to remain with Essar, but are set to become Russkie Rosneft's local arm:

http://m.economictimes.com/industry/...w/54819849.cms

For me, that means adios to filling up at Essar outlets!

As much as I intensely dislike the three main OMCs of the PSU oil cabal for their crooked shenanigans in running a heinous, continued & worsening extortion racket against petrol users at the insistence of the diesel lobby, I hate the rogue Russkie regime to a much greater extent!

It's a pity as far as I'm concerned. Essar were opening more outlets at a steady pace, and these were quite decent - they may not be as good as Shell's outlets but they're certainly not as bad as the typical PSU outlet (not the showpiece COCO ones).

However, these Essar outlets don't need to care about losing some individual customers (like me) after the stake sale. For there are others who would gleefully rush to Rosneft's local outlets for filling up.

For instance, there is one particular newspaper/media group based out of Chennai, who always indirectly promote the idea that retail outlets which are not affiliated to the PSU oil cabal should be shut down by hook or crook in order to promote their beloved government-ownership-of-everything economic model (which has proven to be a pathetic, disastrous & miserable failure everywhere). These fellows would be the first to completely ditch the PSU oil cabal's pumps and fill up solely at Essar outlets after the stake sale to Russkie Rosneft.

Last edited by RSR : 13th October 2016 at 13:47.
RSR is offline   (1) Thanks Reply With Quote
Old 13th October 2016, 14:02   #5683
BHPian
 
M00M's Avatar
 
Join Date: Apr 2010
Location: Mumbai
Posts: 216
Thanked: 73 Times
Default Re: The Official Fuel Prices Thread

I have always refrained from commenting unnecessarily on this topic and have been highly vocal with friends about the continuing increase in the cost of fuels in India especially when price per barrel has fallen sharply however the more i get into the research i have realised that atleast the current government has been using the increased taxes to offset other expenses like the growing Defence Budget, Infrastructure, and other schemes. I do agree that price of petrol should not be more than Rs 50 /- per litre in a place like Mumbai but the Government in all the states and the centre has to collectively reduce their taxes so that price stays competitive at Rs.50 per litre.

With fuel being left out of GST it is another cause of concern but then they (the governments) need a cash cow to fund their increasing expenditures and therefore this is the easiest. If we go to war with Pak, there is another chance of rapid increases in fuel to fund everything and the inflation it causes.

I only hope that Rupee Strengthens over a period of time, Electrics like Tesla and Hybrids attract a very low GST and we the people continue to receive better Infrastructure, better facilities so that there is some solace that we are directly funding the growth of our nation.
M00M is offline   (1) Thanks Reply With Quote
Old 13th October 2016, 14:22   #5684
Senior - BHPian
 
longhorn's Avatar
 
Join Date: Nov 2009
Location: Chennai
Posts: 1,136
Thanked: 258 Times
Default Re: The Official Fuel Prices Thread

Current govt does not know the meaning of the word 'budget'. Every govt worth its salt will first find the means(funds) and then declare the schemes. The means may come from tax/cess/surcharge introduced during the annual budget exercise.

This is the only govt I have seen first declaring schemes and then introducing tax/cess/surcharge to raise funds for the same, and it kicks in on any random day as and when they please.(does krishi kalyan cess / dynamic ticket pricing for railway tickets ring a bell?)

Also, now that this govt is partly funding all new/ongoing road projects, isn't it high time the tolls are revisited and revised downwards?
longhorn is offline   (3) Thanks Reply With Quote
Old 13th October 2016, 15:58   #5685
Senior - BHPian
 
Join Date: Jul 2010
Location: Bangalore
Posts: 1,565
Thanked: 2,363 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by longhorn View Post
Current govt does not know the meaning of the word 'budget'......
Aren't they all the same? They act like the quintessential credit card wielding spendthrift: swipe card for instant gratification, knowing full well one doesn't have money in the bank to cover the bill. Then indulge in financial gymnastics to somehow meet minimum obligations, and continue to rack up debt one has no intention to fully repay, but just enough to keep the credit line open. The govt. is the spendthrift, the tax payer the card. No credit limits either, so swipe away to glory

Last edited by Chetan_Rao : 13th October 2016 at 16:00.
Chetan_Rao is offline   (2) 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 02:03.

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