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Old 3rd September 2017, 13:31   #6061
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Default Re: The Official Fuel Prices Thread

the steady relentless upward march of petroleum retail price continues in India. IOC petrol increased by 13 paise yesterday.

Modi govt is extremely conscious of pro-rich image and thereby was under pressure to increase GST on full-size, mid-size cars & SUV. But apparently has no qualms in regard of petrol prices actually irritating common man beyond limits. What kind of logic is being peddled here ??
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Old 3rd September 2017, 20:09   #6062
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Little off topic, not too much though: Shell Helix engine oils have become 20-25% costlier in last 1/1.5 years. MRP I mean. I bought from Amazon last 4 times, MRP for 10W40 3L has risen from 1149 MRP to 1600 MRP now. I do not know, what governs the price of engine oil, but can anyone tell me if desi oil company products like HP Milcy, IOC Servo etc too have increased in same proportion? The cost of maintenance of cars is definitely getting higher.

Last edited by lapis_lazuli : 3rd September 2017 at 20:16.
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Old 3rd September 2017, 20:30   #6063
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Default Re: The Official Fuel Prices Thread

60 days - increase of almost Rs.6.5
2-July - ₹63.1*
2-Sep - ₹69.5*

Brent, in the same period -
3-Jul - $49.68
1-Sep - $52.62

* ex-delhi, petrol
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Old 6th September 2017, 18:01   #6064
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This is shameful. As an individual tax payer many are paying close to 60% tax maybe even more if they travel more considering the 200%+ taxation on fuel, roads and 28% GST on maintenance of cars. This, considering we're utilizing the same income on which the tax is already paid. Isn't this double taxation?

The ideal way would be to enable individual tax payers like companies to claim input tax credit. This would really guarantee better tax collection because this would encourage people to actually ask for bills, and bills mentioning tax amount. Since, the source of funds used to purchase is already taxed for, this additional tax should be enabled to be offset against the tax already paid.

Maybe, this sounds logical, maybe there are better options, but we all know which direction we're headed in, looking at the taxation in this country. More the merrier, for our politicians.
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Old 7th September 2017, 11:33   #6065
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Came across an excellent article which provides all relevant data which clearly suggests OMC's are taking consumer for a ride via daily price revision

Article

1. OMC's have increased their margins

Quote:
According to the price build-up of petrol in Delhi effective 17 June, Indian Oil was paying refineries Rs 24.89 for every litre of petrol and charging its dealers Rs 27.33, netting a 9.8% margin on the ex-refinery cost price.
The price build-up of petrol in Delhi effective 4 September shows that Indian Oil was paying refineries Rs 26.65 for every litre of petrol and was charging dealers Rs 30.31 per litre, earning a 13.7% margin.
2. Increase in dealer commission
Quote:
While the OMCs have expanded their margins, their commission to fuel pump owners has also risen substantially from 17 June to 4 September. The data show that the commission Indian Oil pays its dealers jumped 27% from Rs 2.55 a litre to Rs 3.24.

Overall increase which doesnt go hand in hand with crude prices

Quote:
Data show that between 1 July and 4 September, the price of petrol sold at Indian Oil outlets in Delhi rose from Rs 63.09 per litre to Rs 69.66, an increase of 10.4%. The price of diesel increased 7.5%, from Rs 53.33 per litre to Rs 57.38.
However, the price of the Indian basket of crude oil rose just 3.4% during this period, from Rs 3,114.44 per barrel to Rs 3,219.57.
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Old 9th September 2017, 09:07   #6066
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Default Re: The Official Fuel Prices Thread

Fuel in Mumbai now costs 79 per liter. My fuel budget is factored keeping in mind worst case scenario of 80 Rs per liter and that scenario is set to become reality and will upset my current budget. Will the increase ever stop or it will just keep rolling ?
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Old 11th September 2017, 10:22   #6067
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Delhi petrol price crosses Rs 70 over the weekend and today 11 Sep is 70.28 per litre.

Why is it that we do not have a big CNG tank in all OEM cars and 10 llitre petrol tank.

Why is it that car manufacturers are not asked to make CNG as main fuel in a car and research on how tank can be inbuilt somewhere besides the boot. We should have 90% CNG stations and 10% petrol stations all over the country.

Is it because govt does not get tax on CNG as much as it gets on petrol ?
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Old 11th September 2017, 10:31   #6068
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by compenn View Post
Delhi petrol price crosses Rs 70 over the weekend and today 11 Sep is 70.28 per litre.

Why is it that we do not have a big CNG tank in all OEM cars and 10 llitre petrol tank.

Why is it that car manufacturers are not asked to make CNG as main fuel in a car and research on how tank can be inbuilt somewhere besides the boot. We should have 90% CNG stations and 10% petrol stations all over the country.

Is it because govt does not get tax on CNG as much as it gets on petrol ?
Nitin Gadkari seems to have heard you. He's now making it mandatory for car companies to launch models with CNG and electric engines. He's cracking down on petrol and diesel engines. However, one must realize that not all car engines can immediately support a change of fuel. Sudden changes due to the whims of one person should not be allowed. These sudden changes put the huge investments made by existing car manufacturers at risk. Much better to build a roadmap in consultation with the manufacturers and then implement it over a 3 to 5 year period.
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Old 13th September 2017, 09:13   #6069
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Default Re: The Official Fuel Prices Thread

Finally TimesNow has woken up and has started reporting since 8:30am today.
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Old 13th September 2017, 12:35   #6070
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Default Re: The Official Fuel Prices Thread

For first day the oil marketing lumpens decided not to hike prices by their routine 10 paise per day as they have been doing everyday for past 2 months.

What a stealthy, cowardly lot these OMCs are.

Oil minister who was/is somebody sleeping on job suddenly woke up today and pretends as if he gives a damn and calls OMCs for a meeting. As if he is going to do something about daily hikes.

Last edited by aah78 : 16th September 2017 at 01:06. Reason: Typo / grammar.
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Old 13th September 2017, 13:12   #6071
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Quote:
Originally Posted by Lalvaz View Post
Nitin Gadkari seems to have heard you. He's now making it mandatory for car companies to launch models with CNG and electric engines. He's cracking down on petrol and diesel engines. However, one must realize that not all car engines can immediately support a change of fuel.
First let them launch CNG stations before launching CNG vehicles. The whole of south India - Tamil Nadu, Kerala , Karnataka and most parts of Andhra, Telangana don't have CNG supply whatsoever. So, there is not a single CNG station.

4 states with high per capita incomes and car ownership without CNG. Whatever the party, we have a bunch of dimwits running the government.
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Old 13th September 2017, 14:09   #6072
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by lurker View Post
for first day the oil marketing lumpens .. they have been doing everyday for past 2 months.

what a stealthy, cowardly lot these OMCs are.
As if he is going to do something about daily hikes.
Somehow, I have stopped expecting a reduction in fuel prices. Diesel in my city retails at price which is higher than petrol price in June.

Came across this article and the data in form of info-graphics is as follows.

1. Central Excise Duty on Petrol increased from Rs 9.48 per liter to Rs 21.48 per liter in the 3+ years and duty on Diesel increased by more than 4 times from Rs 3.56 per liter to Rs 17.33 per liter
Name:  tli 1 centralExciseDutyonpetroldiesel.jpg
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2. State VAT on petrol is at least 25% in 26 states; highest in Mumbai at 48.98%. State VAT on diesel is more than 20% in 15 states; highest of 31.06% in Andhra Pradesh.
Name:  tli 2.png
Views: 905
Size:  52.0 KB

3. Central government revenue through excise duty on petrol & diesel more than tripled between 2013-14 and 2016-17. During the same period, state government revenue through VAT increased marginally
Name:  tli 3.jpg
Views: 906
Size:  55.5 KB

4.In retail selling price of diesel (in Delhi at IOCL as of 09th September 2017), 44.6% is taxes
Name:  tli 4.png
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Size:  49.0 KB

5.In the retail selling price of petrol (in Delhi at IOCL as of 09th September 2017), 51.6% is taxes.
Name:  tli 5.png
Views: 904
Size:  49.3 KB

Quote:
Originally Posted by compenn View Post
Why is it that we do not have a big CNG tank in all OEM cars and 10 llitre petrol tank.
Why is it that car manufacturers are not asked to make CNG as main fuel in a car and research on how tank can be inbuilt somewhere besides the boot.

We should have 90% CNG stations and 10% petrol stations all over the country.
Having lived with CNG vehicles since more than a decade, somehow I feel that living with CNG isn't that easy. CNG is stored at more than 200 kg/cm2. Its claimed to be 220 kg/cm2, but I have hardly seen even CNG stations having more than 200-205 kg/cm2 pressure. Most Indian cars are quite compact, and a 60 litre water holding capacity tank can house 10 kg CNG. Relocation of such high pressure storage wont be as simple a task.

Living with CNG isn't easy. Filling in CNG isn't as quick as petrol/diesel. CNG is filled via pressure difference, it would take more time. In Vadodara CNG stations are quite limited, and while Maruti's IGP factor fitted CNG cars have faster refilling of CNG, not all stations are having nozzles for it.

CNG queues are inconvenient, have faced this atleast where I stay and in A'bad. Surat fares much better, but dont about rest of the country. If 10 petrol fuel stations are filling "Y' number of cars in an hour, 10 CNG stations cannot fill "Y" number of cars in an hour, the number would be less than "Y" for CNG stations. If CNG is to replace petrol, more stations need to come up.

Frequency of filling up. Let me cite and example here.
Wagon R : Fuel tank is 35 litres. At 12 kmpl in city, it can travel 25X12=300 kms. with some more kms. still to go.
Wagon R CNG : 10 kg capacity. At 20 km per kg of CNG, it can travel 20X10=200 kms.

Frequency of filling up CNG can be higher.


Quote:
Originally Posted by Lalvaz View Post
He's now making it mandatory for car companies to launch models with CNG and electric engines. He's cracking down on petrol and diesel engines. However, ... at risk. Much better to build a roadmap in consultation with the manufacturers and then implement it over a 3 to 5 year period.
Well said. Given the execution of GST and a very quick rollout of new, err, higher cess, I doubt if a roadmap can be expected.

And not only manufacturers, the CNG/electric infrastructure should also be factored in.

Last edited by aaggoswami : 13th September 2017 at 14:15.
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Old 13th September 2017, 14:14   #6073
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Default Re: The Official Fuel Prices Thread

yaar yeh wahi GST council meeting wala maamla hain. For past 5 years, every month I am hearing about GST council meeting every month with all state finance ministers and finance dept secretaries flying in expensive business class to and from delhi discussing GST rates and implementation.

And now look at the result, we have GST rates of 50% on cars and 70% of fuel. Unheard of anywhere in the world and that too in a country where only IT sector and Govt sector have any level of respectable salaries and stable income. More than that the GST network crashes and is poorly thought out with basic implementation flaws. Even high school level comp science kids can do better testing on this software than our GST busybees who have done nothing except eat samosa and drink chai on public funds.

https://swarajyamag.com/amp/story/ec...est-tax-reform

So coming to the main question, what where these people discussing for 5 years. After all their discussion we have obscene, never seen anywhere in world rates of GST @ 28% designed to devastate business activities and fuel taxed at 70%.
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Old 13th September 2017, 14:59   #6074
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Default Re: The Official Fuel Prices Thread

Apparently some respite from govt. about fuel price rises:

ET - OMCs to absorb oil price hike
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Old 13th September 2017, 19:51   #6075
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Default Re: The Official Fuel Prices Thread

Today's prices across various cities based on data from https://www.mypetrolprice.com

Petrol
Delhi: 70.35 Rs/Ltr
Bangalore: 71.45 Rs/L
Lucknow: 72.46 Rs/Ltr
Chennai: 72.92 Rs/Ltr
Hyderabad: 74.49 Rs/Ltr
Pune: 79.25 Rs/Ltr
Mumbai: 79.46 Rs/Ltr

Why are Mumbai/Pune so expensive?
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