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Old 29th January 2009, 00:48   #1171
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Default Petrol comes down by 5, diesel by 2

The government on Wednesday announced further reduction in petrol and diesel prices by Rs 5 and Re 2 a litre, respectively. In second round of cuts in as many months, the domestic LPG rate was also brought down by as much as Rs 25 per cylinder.
The reduction, which will be effective from midnight Wednesday, will help further ease inflationary pressures and benefit common man.

Petroleum Secretary R S Pandey said no decision on raising excise and customs duty to mop up any extra revenue has been taken. Also, the parallel proposal of freeing petrol and diesel prices from administrative control has not been acted upon.
"The Government," he said, "will made good all of the losses of state-run retailers after accounting for Rs 32,000 crore contribution from upstream firms, through issue of oil bonds."
Deora said, "This is the first time the retail selling price has gone down below the rates in June 2006. There is no inflationary impact at all because of fuel now." Petrol on June 6, 2006 was priced at Rs 47.51 a litre in Delhi, diesel at Rs 32.47 and domestic LPG at Rs 294.75.
"After reduction, petrol in Delhi will cost Rs 40.62 a litre, diesel Rs 30.86 and domestic LPG Rs 279.70 per cylinder," he said.


source: NDTV

Last edited by pulsarmaniac : 29th January 2009 at 00:50.
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Old 29th January 2009, 01:39   #1172
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Glad to hear that after a long 45 days!!!
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Old 29th January 2009, 07:28   #1173
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Finally its out.

But just thinknig if this would be just for the next couple of months. Anyway, lets enjoy the drive and especially fill-ups in pumps. for some time.
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Old 29th January 2009, 09:08   #1174
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Originally Posted by jkdas View Post
Forgot recession ?
No ways! I didn't mention it as its been 'etched' in the minds of the people already. With recession comes lay off's and I only know how scared I am these days!
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Old 29th January 2009, 09:13   #1175
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finally - petrol at 46 bucks in Bangalore. Good going. Btw, how much is diesel in Blr now?
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Old 29th January 2009, 09:32   #1176
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petrol cut by 5 Rs and Diesel by 2 Rs w.e.f Tuesday midnite
good!
but the catch is that they may have one more hike before elections.

till then, fill up and enjoy
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Old 29th January 2009, 10:13   #1177
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I think before election this will come down one more time.

Enjoy for now...
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Old 29th January 2009, 10:15   #1178
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Originally Posted by shankar.balan View Post
petrol cut by 5 Rs and Diesel by 2 Rs w.e.f Tuesday midnite
good!
but the catch is that they may have one more hike before elections.

till then, fill up and enjoy
Tuesday midnite means coming Tuesday
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Old 29th January 2009, 10:29   #1179
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Lucky buggers! Petrol will cost something like 44.xx in Chennai after the price cut.

Guess the Govt cant make any changes till the elections are over.
Petrol is 44.24 in Chennai. Just filled up my Yezdi.

Petrol is just 38/- in Pondy. Guess it is time to make another Pondy drive.
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Old 29th January 2009, 10:55   #1180
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ahhh finally! time to do some long drives esp to stats where the fuel prices are even low...
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Old 29th January 2009, 10:58   #1181
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Feels so goooood... alteast for some time no need to think of fuel bills and zip off on weekend drives .
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Old 29th January 2009, 11:13   #1182
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46 Bucks in Bangalore, which meants in comparison to the previous price you get 1 ltr free for every 10ltr worth fuel. thats cool....
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Old 29th January 2009, 11:16   #1183
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Originally Posted by esteem_lover View Post
Petrol is 44.24 in Chennai. Just filled up my Yezdi.

Petrol is just 38/- in Pondy. Guess it is time to make another Pondy drive.
If that's the case, I'm off to Pondy this weekend
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Old 29th January 2009, 11:26   #1184
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If that's the case, I'm off to Pondy this weekend
Diesel for 30.86 bucks in Delhi... and less than 30 bucks in Gurgaon! Cool!
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Old 29th January 2009, 11:26   #1185
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Wow.. Wish i would be in Pondy.. 45 Rs in Pune.
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