Go Back   Team-BHP > Around the Corner > Shifting gears


Reply
 
Thread Tools Search this Thread
Old 27th November 2008, 12:13   #31
Newbie
 
Join Date: Sep 2008
Location: Mumbai
Posts: 19
Thanked: 0 Times
Default Fuel prices should not be lowered

The government should not lower fuel prices. They should cut down on issuing oil bonds (ie. reduced subsidy) and let the oil companies generate their own income by taking advantage of the reduced oil prices.

It just is not fair to pass on benefits to end consumers indefinitely... you win some you lose some.

When prices are high the government takes the hit and when prices are low in the market the consumer takes the hit.

In addition to this with inflation dropping rapidly due to lack of liquidity there is no reason to subsidize fuel prices anymore (high fuel prices can trigger inflation).
FaeLLe is offline   Reply With Quote
Old 27th November 2008, 13:32   #32
Senior - BHPian
 
lamborghini's Avatar
 
Join Date: Apr 2004
Location: Mumbai
Posts: 4,535
Thanked: 1,087 Times
Default

Time to update the thread. Petrol is now below $2 a gallon!!!
That is around Rs 26-27 a litre!
lamborghini is online now   Reply With Quote
Old 27th November 2008, 13:54   #33
Senior - BHPian
 
Join Date: Jul 2006
Location: Bangalore
Posts: 2,254
Thanked: 31 Times
Default

Premium fuel cut has happened in India by 1/- on Petrol and Diesel 25 paisa I guess.

Premium fuel means: IOC Extra Premium and BP, HPCL will follow the same price cut soon I hope.

Anyway its not so big move but some cut down of the price. by Jan. 2009 price cut would take place because crude is showing symptom on being around 55$.

Lets hope for best.

Regards,

Ravi.
ravibhat is offline   Reply With Quote
Old 27th November 2008, 17:54   #34
Senior - BHPian
 
vivekiny2k's Avatar
 
Join Date: Feb 2005
Location: cincinnati, jabalpur,chennai
Posts: 1,241
Thanked: 163 Times
Default

Quote:
Originally Posted by lamborghini View Post
Time to update the thread. Petrol is now below $2 a gallon!!!
That is around Rs 26-27 a litre!
Quote:
Originally Posted by vivekiny2k View Post

in US it's down by 60%.
it's 1.59 a gallon here.
vivekiny2k is offline   Reply With Quote
Old 27th November 2008, 20:23   #35
Senior - BHPian
 
akshay4587's Avatar
 
Join Date: Mar 2005
Location: Chandigarh/Mohali/Ambala Cantt
Posts: 3,759
Thanked: 1,534 Times
Default

Quote:
Originally Posted by ravibhat View Post
Premium fuel cut has happened in India by 1/- on Petrol and Diesel 25 paisa I guess.

Premium fuel means: IOC Extra Premium and BP, HPCL will follow the same price cut soon I hope.

Anyway its not so big move but some cut down of the price. by Jan. 2009 price cut would take place because crude is showing symptom on being around 55$.

Lets hope for best.

Regards,

Ravi.
Even I read this in newspaper however when I went to fill fuel in the evening no one had a clue about this price cut
akshay4587 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
Diesel Cars: Down, down, down! Market share = 34% S2!!! The Indian Car Scene 66 2nd June 2016 16:21
From a City Down Under to a Country Down Under : From a RX100 to a Fatboy... LTAutoMad Introduce yourself 9 22nd July 2014 16:35
Car Break Down due to Adulterated Petrol! netarchie Street Experiences 44 6th August 2010 17:00
Palio 1.2 fitted with LPG Kit - Petrol level keeps coming down in LPG Mode shineshine Technical Stuff 9 10th May 2009 04:52
22nd September - Help bring down the cost of petrol!!! cream Shifting gears 32 18th September 2006 22:57


All times are GMT +5.5. The time now is 22:16.

Copyright ©2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks