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Old 1st April 2017, 12:05   #5851
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I paid Rs 71 per litre of petrol this morning.
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Old 3rd April 2017, 12:59   #5852
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Default Re: The Official Fuel Prices Thread

What are the rates now in Gurgaon, Delhi ? Heard there was a reduction ...?
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Old 4th April 2017, 19:15   #5853
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Originally Posted by shankar.balan View Post
I paid Rs 71 per litre of petrol this morning.
Wasn't the price Rs 76 earlier? Is there a Rs 5 cut?
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Old 4th April 2017, 19:17   #5854
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Petrol in delhi is at 66 now
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Old 5th April 2017, 11:05   #5855
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Originally Posted by glenmz View Post
Wasn't the price Rs 76 earlier? Is there a Rs 5 cut?
When price goes up, state taxes gets added. When price goes down, state taxes reduces. So you are seeing those extra reduction.
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Old 5th April 2017, 17:08   #5856
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Originally Posted by shamanth View Post
When price goes up, state taxes gets added. When price goes down, state taxes reduces. So you are seeing those extra reduction.
Shamanth, not necessarily. In case of this reduction, there has been no role of excise and it is purely done on the global crude sentiment. Also, in our country, there are other factors that necessitate a drop of this magnitude. Well, lets at least use all that is saved for some good use. Cheers
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Old 7th April 2017, 08:30   #5857
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State-run oil companies plan to review fuel rates daily

Read more at:
http://economictimes.indiatimes.com/...campaign=cppst
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Old 7th April 2017, 10:34   #5858
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State-run oil companies plan to review fuel rates daily
Obviously they are expecting more volatility in days to come. UK had it ages ago. Prices were revised more than once a day also. I always wondered while you were filling up, the price changed, then what will be applicable?
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Old 7th April 2017, 10:46   #5859
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Default Re: The Official Fuel Prices Thread

Currently there is a huge difference between neighboring states primarily because of the respective states tax. With GST being rolled out, what is the impact on Fuel? Will the rates be uniform across states?

Last edited by sathya_g_m : 7th April 2017 at 10:48.
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Old 7th April 2017, 10:49   #5860
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Default Re: The Official Fuel Prices Thread

Diesel Price trend in Haryana during the year 2016.

The Official Fuel Prices Thread-20170407-10.46.19.png
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Old 8th April 2017, 07:31   #5861
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Default Re: The Official Fuel Prices Thread

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Originally Posted by sathya_g_m View Post
With GST being rolled out, what is the impact on Fuel? Will the rates be uniform across states?
No, no impact yet. Petroleum is not yet included in GST.
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Old 8th April 2017, 07:59   #5862
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Default Re: The Official Fuel Prices Thread

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Originally Posted by Sree73 View Post
Oil Marketing Companies are planning for a daily price revision for Petrol/Diesel instead of the current method of fortnightly revision.
This is good for companies, but not for Dealers. Because, most outlets haven't been Automated. Also, if the price changes daily, the dealer will be selling at cheaper/higher price then what he purchased for, not acceptable when the margins are low & the product loss is high.
Also, the Installation guys will have a nightmare on adjusting prices daily for every city they supply.

This will be unsuccessful. Because it has more con's then pro's.

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No, no impact yet. Petroleum is not yet included in GST.
Petroleum Products to be included in GST if all states agree.
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Old 8th April 2017, 08:18   #5863
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Default Re: The Official Fuel Prices Thread

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Petroleum Products to be included in GST if all states agree.
That is the future state. Whenever it happens.

Then again, technically it is included with a tax rate of 0%.
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Old 8th April 2017, 10:55   #5864
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Default Re: The Official Fuel Prices Thread

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Originally Posted by sathya_g_m View Post
Currently there is a huge difference between neighboring states primarily because of the respective states tax. With GST being rolled out, what is the impact on Fuel? Will the rates be uniform across states?
Zilch. At this point of time Fuel and Alcohol are out of the GST. I have heard that a few (three?) years down to line, fuel may be included.
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Old 8th April 2017, 11:34   #5865
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Default Re: The Official Fuel Prices Thread

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Originally Posted by sgiitk View Post
Zilch. At this point of time Fuel and Alcohol are out of the GST. I have heard that a few (three?) years down to line, fuel may be included.
I read that the following are out of GST
1. Alcohol for human consumption
2. Petroleum Products
3. Electricity

Another tax, Road tax will remain as it is now. Will not roll into GST.
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