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Old 25th June 2010, 19:36   #1471
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Originally Posted by abhinav.s View Post
ROFL! for the line in bold

On the net, the revised prices mentioned are only for metro cities. Does anyone know how much is the price hike in Bangalore?
Since Shell sells it at Rs. 59.xx, I assume it should be same with other PSU oil brands.
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Old 25th June 2010, 19:44   #1472
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I hope this means better quality of fuel!

I am not going to queue up at the pump to save 50 to 100 rupees, but I wonder if everyone tanking up today will mean lack of supply tomorrow.
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Old 25th June 2010, 19:47   #1473
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Petrol, Diesel and LPG price hike form tomorrow onwards. Petrol-3.73, Diesel-2 and LPG-35. http://bit.ly/PriceHike250610
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Old 25th June 2010, 20:07   #1474
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Originally Posted by mohandas View Post
Just a question. Do you guys think that this will impact the resale value of petrol vehicles?
I would say yes. This will directly impact the cost per kilometer for the vehicle and fuel being one of the biggest contributors to this, the cost of running a petrol car will be higher thus reducing demand. This will also increase the differance between the petrol and diesel cars for the same thus making diesel cars more attractive. If not anything, there will definitely be a psychological impact

I'm actually in two minds about this. While one part of me believes that what the Government has done is correct, the other part is looking at the impact on the monthly budget and cursing for not buying a diesel car. As rightly pointed out, some questions remain:
- will the prices fluctuate daily or will it be periodic?
- will different brands now offer different prices as in developed markets?

What I think is unfair is that the Government has only implemented a portion of the Kelkar report. It should have followed up and announced an addition tax on diesel passenger cars to even the field. The way I see it now, there is no subsidy on petrol but we poor owners of petrol cars are still paying taxes to offset the subsidy on diesel cars to some extent. Oh well, life is not always fair but it does have a way of evening out in the long run.
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Old 25th June 2010, 20:34   #1475
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Originally Posted by rajushank84 View Post
I hope this means better quality of fuel!
I don't think this will lead to better quality of fuel from PSUs except we shift back to Shell and Reliance reopens the closed pumps.

The prices were increased by 60 paise for BS IV compliant fuel few months back. I did not find any difference in the fuel quality even after the raise. (Maybe because I use a car running on carburetor?)
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Old 25th June 2010, 20:45   #1476
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Er, decontrol means that the price of petrol will now be able to go DOWN as well as UP!
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Old 25th June 2010, 20:47   #1477
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Originally Posted by Car Fan View Post
Er, decontrol means that the price of petrol will now be able to go DOWN as well as UP!
That is wishful thinking. When did fuel prices ever go down, in the long term?
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Old 25th June 2010, 21:52   #1478
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I'm ok with the government deregulating Petrol prices as long as they do the same with Diesel, LPG and Kerosene prices.
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Old 25th June 2010, 21:54   #1479
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Originally Posted by BaCkSeAtDrIVeR View Post
That is wishful thinking. When did fuel prices ever go down, in the long term?
When we finish the earth's reserves, and the last fuel drop has been burnt, fuel prices WILL go down to where they were before Mrs. Karl Benz drove to her mother's... Deregulation FTW!
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Old 26th June 2010, 00:06   #1480
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De regulation is great... I even support immediate deregulation of Diesel...

But the govt needs to lower taxes/excise on fuels... immediately.
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Old 26th June 2010, 00:14   #1481
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If the petrol prices are de regulated, who will decide the market price as per the change? Will the price change every now and then as in US or will it change only upwards?
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Old 26th June 2010, 02:10   #1482
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I think some finer points are yet to be decided - like how often the prices can be changed.

Yes, the price will go up and down based on the market rate of the oil barrel. I just hope some of those taxes are slashed.
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Old 26th June 2010, 10:26   #1483
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Originally Posted by BaCkSeAtDrIVeR View Post
That is wishful thinking. When did fuel prices ever go down, in the long term?
well it did go down to around $33 per barrel in dec 2008 from around $145 in july 2008, before gradually increasing to current levels of $78.So, it fluctuates up and down, not just up.
I have faith in the americans. I bet they have already started planning the next bubble. So when the bubble bursts along with it comes economic slow down and crashing oil prices. After all, they have been doing it regular 4-5 year cycles.

BTW, it occurred to me that these people who are cribbing about this hike should also know we were not paying high prices when the oil was trading at twice the current prices.
So, this seems like selective amnesia.
Moderate crude prices+rs.60 per litre = bad government
High crude prices+rs.60 per litre = still bad government
??? cant see the logic
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Old 26th June 2010, 11:49   #1484
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well, paying 26rs tax per 50/ltr petrol = bad govt
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Old 26th June 2010, 12:04   #1485
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Originally Posted by echo77 View Post
well, paying 26rs tax per 50/ltr petrol = bad govt
no 26rs tax per 50/ltr petrol = no subsidy on LPG, kerosene = very very bad govt

bad govt > very very bad govt

Hence, 26rs tax per 50/ltr petrol
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