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Old 6th November 2008, 12:17   #901
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Looks like the crude prices have dwindled yet again. It has fallen below $65 a barrel. But, does this mean anything to us, the daily consumers ?

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Oil follows stock markets, falls below $65 in Asia- Indicators-Economy-News-The Economic Times
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Old 6th November 2008, 12:24   #902
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this is the biggest scam. And this Govt is busy perpetuating it.

ATF is priced lower than Petrol in India.

talk of catering only to business and corporate interests.
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Old 6th November 2008, 12:59   #903
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Guess the consumers need to wait till the elections. The prices would be then reduced for vote bank politics

End result is that the government does not care much for the consumers
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Old 6th November 2008, 13:17   #904
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You are right. It will be used as a election stunt. Shame on these guys. Shouldn't they take care about inflation and change the fuel price ASAP ?
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Old 6th November 2008, 14:59   #905
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[FONT=Times New Roman][SIZE=3]At present, I heard that the government is planning to revise the fuel prices and there are expected to come down. But then the increase in dollar value against Indian Rupee may have a greater impact on the decision taken by the government. Lets see when the prices come down and till what extent.[/SIZE][/FONT]
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Old 13th November 2008, 11:19   #906
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Angry Yet again !

Well, its happened again ! The international crude prices have plummeted yet again. The latest figure is $55 per barrel. Am sure consumers around the world are rejoicing while we, the Indian consumers still face the heat !

God knows what on earth is the Oil Ministry dreaming over !

Source:Oil plunges to 22-month low of $55 a barrel- Indicators-Economy-News-The Economic Times
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Old 13th November 2008, 11:25   #907
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All that difference is eaten-up by the corrupt politicians and oil companies.

When the prices go up, the govt as well as the oil companies are shaken, but not when it goes down. A very sad story.
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Old 13th November 2008, 13:08   #908
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I saw in the news tickers on CNBC TV18 that the Government was asking oil companies to deposit these profits earned as deposits in PSU banks at favourable rates of interest to partly ease the credit crunch! A very clever way of making more people in the society pay for the credit crunch!
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Old 13th November 2008, 13:22   #909
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Our Govt doesnt care for citizens. They just care for their pocket. PM Manmohan Singh has announced, govt is not reducing the oil prices till the time all PSUs recover their losses. and I am sure they will drop the price just before the election.
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Old 13th November 2008, 15:02   #910
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PSU's will never recover losses and dirty politics is again there to harass consumers. I feel like not voting for any of these politicians cos all are damn corrupt to the core.
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Old 13th November 2008, 15:09   #911
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Quote:
Originally Posted by nkrishnap View Post
Guess the consumers need to wait till the elections. The prices would be then reduced for vote bank politics

End result is that the government does not care much for the consumers
As I said earlier, and I will say again. This is how the Congress led government works
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Old 13th November 2008, 15:20   #912
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Quote:
Originally Posted by nkrishnap View Post
As I said earlier, and I will say again. This is how the Congress led government works
Actually this problem is not due to BJP or Congress govts. This problem is there due to coalition politics and I don't see it being any better after the next general elections. We need the American System and we need it now.
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Old 13th November 2008, 15:31   #913
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They had delayed raising the prices. At least they can reduce on time
We should use this opportunity to
- have a fixed rate of duty + taxes on petro products (not a percentage to cushion the users)
- reduce subsidy in LPG (Give subsidized cylinders for poor based on the ration cards and the open market should be subsidy free)
- allow free float of Petro prices to ensure that demand and supply equilibrium is maintained
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Old 13th November 2008, 15:43   #914
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Reduce petrol prices! I hate paying (subsidy) for somebody's diesel!

Last edited by AirWind : 13th November 2008 at 15:45.
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Old 13th November 2008, 18:21   #915
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I read somewhere today that the oil companies re still under losses. This time they are attributing to the rise in dollar value - comeon, how many of us take that

I do not remember the dates, there was once an article in TOI, saying why the Indian oil producers should price their barrell at global prices? Another was the calculation of th actual losses these public ltd companies made. All was hinting that the losses defined are not indeed correct. I am not so informed to make a comment on this, but the article went on to describe the flaws in pricing of these in India.
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