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Old 12th July 2017, 13:34   #6001
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Angry Re: The Official Fuel Prices Thread

Quote:
Originally Posted by Mohan Mathew A View Post
I saw a sudden drop of almost a rupee and half in Mumbai and when checked for the reason found this

http://m.timesofindia.com/city/mumba...-diesel-by-rs-

Don't be surprised if the state government increases VAT soon. So better tank up
Is there a drop in Mumbai? Why is there a rise in Thane then? Yday tanked up the Punto and the rate seemed a rupee more than few days back. Almost touching Rs 60 for diesel.
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Old 13th July 2017, 17:06   #6002
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Default Re: The Official Fuel Prices Thread

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Originally Posted by ghodlur View Post
Is there a drop in Mumbai? Why is there a rise in Thane then? Yday tanked up the Punto and the rate seemed a rupee more than few days back. Almost touching Rs 60 for diesel.
i have not filled up myself but yes the price should have dropped as all sites are showing that
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Old 4th August 2017, 13:47   #6003
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Default Re: The Official Fuel Prices Thread

The fuel prices seem to be climbing up substantially week on week. Not sure what is triggering the price rise.
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Old 4th August 2017, 15:11   #6004
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Quote:
Originally Posted by dass View Post
The fuel prices seem to be climbing up substantially week on week. Not sure what is triggering the price rise.
This was always on the cards. When they started implementing the daily price change, it was decreasing each day for two-three weeks. Then came the dealers' protest, claiming they are making loss. After that, the prices started increasing. Even though the value of rupee is improved nowadays, it seems that prices are not going down. People are not following the change nowadays, as is the case with the medias.
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Old 11th August 2017, 11:01   #6005
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Default Re: The Official Fuel Prices Thread

I wanted to wait a month before i posted this. From 10 July to 10 August, the price of petrol has increased by Rs. 3.13 per liter and that of diesel by Rs. 2.26 in diesel. These are prices in Delhi

Sources below:

https://www.iocl.com/Product_Previou...iousPrice.aspx

https://www.iocl.com/Product_Previou...iousPrice.aspx

I am not able to understand or find the reasons for this steady increase in prices over the course of last month specially because the fluctuation in prices of oil and the exchange rate has not been consistent.

Sources:

http://www.x-rates.com/graph/?from=USD&to=INR&amount=1

http://www.infomine.com/investment/m...e-oil/1-month/

It would be great if someone can help me understand this better.

Rohan

Last edited by RohanDheman : 11th August 2017 at 11:06.
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Old 14th August 2017, 12:16   #6006
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Default Re: The Official Fuel Prices Thread

The petrol price increased by Rs 0.8 in Hyderabad today from Rs. 72.22/liter to 73.02/liter. Lets hope the hike flattens, this gradual increase is turning out to be a slow poison.
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Old 14th August 2017, 12:27   #6007
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Default Re: The Official Fuel Prices Thread

That seems to be the game plan. Earlier with fortnightly revisions, there used to be a hue and cry at every increase. Now with daily revisions nobody hardly notices or discuss. Game well played!
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Old 14th August 2017, 12:54   #6008
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by jetsetgo08 View Post
The petrol price increased by Rs 0.8 in Hyderabad today from Rs. 72.22/liter to 73.02/liter. Lets hope the hike flattens, this gradual increase is turning out to be a slow poison.
This reminds me of the frog in boiling water!

Iif a frog is dropped suddenly into boiling hot water, it will immediately jump out due to the huge temperature difference. However, if the frog is put in water at room temperature and brought to a boil slowly, it will not perceive the increase in temperature and would be boiled to death.

I see a similar case here.
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Old 14th August 2017, 13:13   #6009
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Default Re: The Official Fuel Prices Thread

this is the main reason I made fun of those who were supporting 'price reforms' & 'decontrol' of oil prices. Whatever reforms initiated by oil companies will only be to benefit the govt and never the customer.

Notice last weeks graph, every single day has recorded a steady increase culmimating with yesterday's 80 paise increase in one day.
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Old 14th August 2017, 23:59   #6010
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Default Re: The Official Fuel Prices Thread

Part of the reason for the spike is because the dealer margins have been increased from August 1.

http://www.financialexpress.com/econ...-today/788708/
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Old 15th August 2017, 06:31   #6011
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by lurker View Post
...........will only be to benefit the govt and never the customer......
Don't forget to add "....to benefit the gov't and the oil companies!" The customer caught in-between is the milch cow!
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Old 15th August 2017, 07:43   #6012
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Default Re: The Official Fuel Prices Thread

Oh man! So, the oil prices are deregulated on a daily basis now. And people who don't tank up regularly are wondering why the cars are giving a lesser average.

And here is the bombshell. Brent in Indian Rupee per Barrel has been falling steadily from the beginning of this year. Wonder what will happen to the daily deregulation when the price go back up.

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Old 17th August 2017, 12:48   #6013
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Default Re: The Official Fuel Prices Thread

The petrol prices in Mumbai have gone up by more than Rs. 3 in the last couple of weeks (Rs. 77.4). It's ridiculous that the Government first milks us for taxes then the dealers want more commission and we, poor folks, shell out whatever they ask silently.
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Old 17th August 2017, 13:16   #6014
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Default Re: The Official Fuel Prices Thread

Petrol is a luxury item. In our country with 52% of the population below the poverty line i.e. <Rs.23 in urban and <Rs.16 in rural areas, a vehicle is a luxury item attracting highest tax.
Why shouldn't the fuel to drive these vehicles be exorbitant?
We have a pro poor govt. The cater to the very poor. Just to help the economy, the govt also supports big corporates. Neither of these use petrol, so why shouldn't the prices go up?
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Old 18th August 2017, 10:38   #6015
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Quote:
Originally Posted by wildsdi5530 View Post
Petrol is a luxury item. In our country with 52% of the population below the poverty line i.e. <Rs.23 in urban and <Rs.16 in rural areas, a vehicle is a luxury item attracting highest tax.
Why shouldn't the fuel to drive these vehicles be exorbitant?
We have a pro poor govt. The cater to the very poor. Just to help the economy, the govt also supports big corporates. Neither of these use petrol, so why shouldn't the prices go up?
Do you use inland letter for your communication?
I am guessing no.
We all have evolvd on to better ways to communicate.
This below poverty line argument is also an inland letter.

Case in point petrol prices in Goa.
They are low because the tourism economy is based on petrol vans.
Also to keep diesel pollution under control.

All states can adopt it.
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