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Old 25th November 2016, 19:44   #5746
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Default Re: The Official Fuel Prices Thread

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Any guesses for price revision coming up this month end ? With dollar creeping toward 70rs, but crude dropping , any wise comments ?? !!
Crude is not dropping. In the last fortnight it is up by almost 7-8%!
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Old 27th November 2016, 23:52   #5747
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I've received a message, which I highly feel that it's a rumor, which says petrol price cut by 3.5 and diesel by 4.5 rs
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Old 28th November 2016, 08:03   #5748
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Default Re: The Official Fuel Prices Thread

With exchange rate of Rupee going down, I am expecting fuel prices to go up on the 30th.
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Old 28th November 2016, 08:10   #5749
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With exchange rate of Rupee going down, I am expecting fuel prices to go up on the 30th.
On the contrary the dollar rise is compensated by the fall in crude prices. The crude is back at the $46 levels and IMO there should be no change in the fuel prices at the end of the month. Had the $ to rupee seen a major drop, then it would make sense to cut the fuel prices.
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Old 28th November 2016, 09:34   #5750
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Default Re: The Official Fuel Prices Thread

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I've received a message, which I highly feel that it's a rumor, which says petrol price cut by 3.5 and diesel by 4.5 rs
I also saw it, on WhatsApp. Price adjustments are done on the last day of the month, or the first day of the next month. So that is obviously one of myriad rumors going round. Wait for a couple of days and all will be known. Brent is down to $46.xx while the rupee is up to about 68.5 to the dollar. Anybodies guess.
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Old 28th November 2016, 10:43   #5751
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Default Re: The Official Fuel Prices Thread

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Price adjustments are done on the last day of the month, or the first day of the next month. So that is obviously one of myriad rumors going round. Wait for a couple of days and all will be known. Brent is down to $46.xx while the rupee is up to about 68.5 to the dollar. Anybodies guess.
This would be the case if the system was completely transparent, which is not the case. Govt may reduce prices for the general public to cool down the immediate effects of demonitization.
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Old 28th November 2016, 12:10   #5752
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Default Re: The Official Fuel Prices Thread

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This would be the case if the system was completely transparent, which is not the case. Govt may reduce prices for the general public to cool down the immediate effects of demonitization.
In free market driven pricing, when will be come out of the impression that prices are state driven. Only as far as the taxation. Transparency, ask IOC / BP/ HP!
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Old 30th November 2016, 18:23   #5753
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Default Re: The Official Fuel Prices Thread

Today's announcement Petrol up 13p and Diesel down 12p per litre. More or less status quo in my view. I guess these are on Delhi prices.
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Old 1st December 2016, 10:39   #5754
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Default Re: The Official Fuel Prices Thread

Opec agrees on curbing output in 8 years ! 1.2 million barrels a day to be cut from January.

Crude soars 10 %.

Source

Last edited by sdp1975 : 1st December 2016 at 10:41.
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Old 2nd December 2016, 09:49   #5755
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Default Re: The Official Fuel Prices Thread

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Opec agrees on curbing output in 8 years ! 1.2 million barrels a day to be cut from January.

Crude soars 10 %.

Source
But Iran is exempted, Indonesia walks out (or is thrown out of the cartel). Markets expect $50 to be the new par. Now let us see how many implement the cuts, Saudi and Russia for sure. The cartel has survived, but is still in ICU.
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