Go Back   Team-BHP > BHP India > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 23rd August 2005, 12:50   #121
Senior - BHPian
 
Surprise's Avatar
 
Join Date: Feb 2005
Location: Chennai
Posts: 2,262
Thanked: 92 Times
Default Another increase

Read a article in Economic times where the FM says that crude oil cost per barrel has shot up to $67 from $28. If this trend continues, the loss will be between 30000 cr to 40000 cr this fiscal. The only option to cope up with the situation is to increase the price of the petroleum products.

Oops; where it will end.

Is there any other alternative with you other than increase in prices
Surprise is offline   Reply With Quote
Old 23rd August 2005, 14:19   #122
Team-BHP Support
 
tsk1979's Avatar
 
Join Date: Feb 2005
Location: New Delhi
Posts: 22,605
Thanked: 14,877 Times
Default

Two alternatives
1. Biodiesel
2. Electric cars
The govt of india(and other govts) do not push these hard because the refineries gain a lot from oil price increase. If india goes the electric way oil company lobby stands to loose. Shell of USA is buying new jet aircraft, and their profits are soaring. If the world moved to alternate energy sources, these companies would lose money. Since they are rich and powerful, their voice is heard. Only Japan is doing something worthwhile
Are you aware, that in japan the Reva is tax free and the govt gives a subsidy of 2600$. So if indian govt were to abolish taxes on reva and give subsidy it will sell for 75K only. But the govt is not going to reduce excise and taxes on electric vehicles because of the oil lobby. this story repeats in the USA also where oil lobby is very powerful.
For us indians its time to throw out the monkey sitting on FMs post and the donkey leading the nation should also go out alongwith. All these two have done is tax the middle class and appease the super rich and the super poor
tsk1979 is offline   Reply With Quote
Old 23rd August 2005, 14:21   #123
Senior - BHPian
 
shuvc's Avatar
 
Join Date: May 2005
Location: Kolkata
Posts: 2,895
Thanked: 282 Times
Default

:( .. prices will go up again by Rs. 2 / 3 /4

There is an option -- far fetched one ..

the government starts to better / optimally utilise the revenue they generate and hence keep in check or reduce the duty on fuel ..
shuvc is offline   Reply With Quote
Old 23rd August 2005, 14:38   #124
Senior - BHPian
 
ST7677's Avatar
 
Join Date: Feb 2005
Location: Bangalore
Posts: 1,041
Thanked: 45 Times
Default

Other options are
1. Govt can cut duty and taxes on petroleum products, because as the rate goes up the %age tax on this amount also goes up. So the govt is making more money than they budgeted for from petroleum products. Obviously govt is happy to see more tax revenue coming in and is not willing to cut down on duties.
2. Since all crude is not imported, as the crude prices goes up companies extracting crude earn more profits (they sell crude at a higher price). Govt can redistribute this profit so that other oil companies do not make losses. But again this is a complex process and govt does not want to do it.
3. Increase the retail cost - this is the easiest option that govt sees, but it will have disasterous long term impact on economy. But here who cares about the long term.

Congress ka saath aam admi ke saath - haathi ke dant dikhane ke aur & khane ke aur
ST7677 is offline   Reply With Quote
Old 23rd August 2005, 15:21   #125
BHPian
 
Insane Devil's Avatar
 
Join Date: Mar 2005
Location: Hyderabad
Posts: 980
Thanked: 124 Times
Default

another option, let the ministers travel around in a bus, with all his guards in it, rather than going around in 10-15 ambis!

the Govt. has still not deployed GAS for public transport vehilcles in all cities! thats a must! that itself conumes a good amount of fuel!
Insane Devil is offline   Reply With Quote
Old 25th August 2005, 21:55   #126
BHPian
 
turbo_c's Avatar
 
Join Date: Jul 2005
Location: Pune / Mumbai
Posts: 132
Thanked: 7 Times
Default

Best suggestion of all:

Sack half the govt and make the other half work twice as long... that way each of 'em will put in at least half a day's worth of work!

That should cut "overheads" by a sizeable chunk and maybe we would acutally end up with a surplus instead of a deficit!

Does anybody in here actually know how all our tax money is spent? (read "squandered")

- T u r b o C -
turbo_c is offline   Reply With Quote
Old 25th August 2005, 23:01   #127
BHPian
 
Join Date: Jun 2005
Location: Bangalore
Posts: 102
Thanked: 15 Times
Default

Interesting news on the rising oil-prices in the US of A.

"Dealerships say sales of 2-wheelers are accelerating: "
http://www.chron.com/cs/CDA/ssistory...siness/3324003
Haque is offline   Reply With Quote
Old 19th April 2006, 15:07   #128
Team-BHP Support
 
Rtech's Avatar
 
Join Date: Apr 2004
Location: Bombay
Posts: 5,770
Thanked: 177 Times
Default

I hate to be the one to revive this thread, but unfortunatley we may be in for a shocker soon.

IOC is looking for a price hike in petrol and diesel to the tune of Rs.5.6/litre & Rs.7.6/litre respectively.

IOC seeks price hike in Petrol/diesel - www.mid-day.com

Time to park the 400 and get myself a luna!
Rtech is offline   Reply With Quote
Old 19th April 2006, 15:19   #129
Senior - BHPian
 
Deeps's Avatar
 
Join Date: May 2004
Location: Delhi/Noida
Posts: 1,079
Thanked: 61 Times
Default

Damn!! How come the prices dont come down according to the world crude prices too?? And 5.6-7.6 is a fricking huge amount!!
Deeps is offline   Reply With Quote
Old 19th April 2006, 15:22   #130
Team-BHP Support
 
Rtech's Avatar
 
Join Date: Apr 2004
Location: Bombay
Posts: 5,770
Thanked: 177 Times
Default

According to IOC, they are incuring losses of 2,500 crores a years with these prices! Maybe the Govt. needs to wake up and lower the taxes on fuel instead of consistency increasing the price of it.
Rtech is offline   Reply With Quote
Old 19th April 2006, 15:24   #131
Jay
BHPian
 
Jay's Avatar
 
Join Date: Mar 2006
Location: Bangalore
Posts: 819
Thanked: 2 Times
Default

diesel increasing by 7.6 Rs/ litre, great... and i was thinking of giving off my santro and going for a diesel car.... i think i better buy a Reva... atleast current is cheaper compared to petrol/diesel.
Jay is offline   Reply With Quote
Old 19th April 2006, 15:25   #132
Senior - BHPian
 
Deeps's Avatar
 
Join Date: May 2004
Location: Delhi/Noida
Posts: 1,079
Thanked: 61 Times
Default

Considering the huge demand for Oil in India, how can IOC be making such huge losses while the international players are posting record profits? And you're right about the taxes.

a bit OT, but whats the inflation rate running at?
Deeps is offline   Reply With Quote
Old 19th April 2006, 15:29   #133
BANNED
 
Join Date: Feb 2005
Location: Bombay
Posts: 628
Thanked: Once
Default

DOH!!!
DOH!!!
DOH!!!
Makes me wanna CRY...
2L8uLoose is offline   Reply With Quote
Old 19th April 2006, 16:04   #134
Distinguished - BHPian
 
supremeBaleno's Avatar
 
Join Date: Dec 2005
Location: Weekdays@Chennai, Weekends@Kerala
Posts: 5,093
Thanked: 1,421 Times
Default

Quote:
Originally Posted by Rtech
Time to park the 400 and get myself a luna!
Nice one, Rtech. But, I guess though most of us think like that, we would never get around to doing it. Sort of like when they raise the cigarette prices, smokers think of quitting. Driving/riding is also sort of addictive.
Way back in '85, when I started driving, a litre of petrol was less than 9 bucks and today is like 47.5 - an increase of 5 times in 20 years.

Last edited by supremeBaleno : 19th April 2006 at 16:05.
supremeBaleno is offline   Reply With Quote
Old 19th April 2006, 16:14   #135
BHPian
 
venkatrx's Avatar
 
Join Date: Jan 2006
Location: bangalore
Posts: 453
Thanked: 2 Times
Default

Guys,

have a look the 'crude oil prices' for last 60 years......and see how violently they changed during the 'iran revolution'/'gulf war'....

with 'iran-us nuclear dialog' not working out.....the probability of the price changes looms large.

http://news.bbc.co.uk/1/shared/spl/h...oil/html/5.stm

During arab-isreali war in 1973 the prices changed from $3 to $11

So in case of US attack on Iran do not be surprised to see petrol prices go up from rs.50/ltr to 200/ltr

Rtech plans to go for a luna.........i will look out for a 'chinese electric' scooter which are available at 30k and charge them at home every night.

Damn it ..... I will miss the Baleno AC
venkatrx is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
BMW to drop prices due to increased localisation. EDIT: New prices announced Aditya The Indian Car Scene 38 10th July 2015 21:19
Have official pioneer HU prices fallen? greenhorn In-Car Entertainment 3 11th January 2010 01:36
Hyundai Cut prices- New detailed prices. harry10 The Indian Car Scene 5 9th December 2008 00:45
Are these good prices for Tata\Fiat vehicles? Corporate Offer Prices sahakar The Indian Car Scene 15 8th July 2008 23:03


All times are GMT +5.5. The time now is 23:49.

Copyright 2000 - 2016, Team-BHP.com
Proudly powered by E2E Networks