[IamNikhil]

Originally Posted by SN88

The way the increase is happening is now really pissing off!! I would always think once it crossed 100, people would really make noise and the govt would do some drama and reduce the prices to get some goodies by saying see we reduced prices. Filled up petrol today for 107.6 in Mumbai!!

When is this going to stop? My heart rate is similar to when shorting a stock and the prices starts climbing like a building lift!

My heart rate starts climbing as the meter edges forward! Hate to admit, but I've stopped with the "Tank full kar dena..." and just do a 1000-1500/- top-up as need be. It pinches and pinches harder every passing day. Just shows how the government doesn't care two hoots about the common public. Was expecting some outrage, drama and then a roll-back in prices...but seems we're all just resigned to fate now.

[aravind.anand]

The state Government of Tamil Nadu has reduced taxes to the tune of ~3 INR, and today morning I filled up petrol at INR 99.66.

It is just a matter of 2-3 days to breech 100 again, with the central Government's unabashed apathy. So yes, but at least a tiny relief from the State Government. Salute to them !

[SN88]

Originally Posted by IamNikhil

My heart rate starts climbing as the meter edges forward! Hate to admit, but I've stopped with the "Tank full kar dena..." and just do a 1000-1500/- top-up as need be. It pinches and pinches harder every passing day. Just shows how the government doesn't care two hoots about the common public. Was expecting some outrage, drama and then a roll-back in prices...but seems we're all just resigned to fate now.

Resigning to fate will not be easy!!

We have 4 cars in the family as everyone drives to different places and does different things. It costs approx 18k in total for a tank full..

[dark.knight]

Those who've woken up after a decade of sleep and dusted off their vehicles to get them re-fueled will be shaken to their core seeing the petrol meter fly in rupee terms with the quantity barely moving.

We all have myopic vision and short memories, but I seem to remember that around the Rs.700/- 800 mark would be the indication that ten litres of fuel has been filled into the tank, as of today the number is Rs.1055/-. The more positive among us will be quick to point out that it barely matters, even 4-5 refuels will be about Rs.2000/- extra and that's that.

That never was the point, the point is that I feel the voting class were/are never treated like there is health & economic crises looming in the nation, all I see is that the petroleum industry is making bucks, something people are forced to depend upon, as with cooking gas, cooking oils etc. Massive infrastructure projects are also in full swing as if the concerned authorities are beyond the disease.

It's much easier to assume that every adverse action has a genuine reason behind it and that the government is the tragic figure trapped in trying to balance health and wealth, while genuine voices are trampled towards silence, I assume everyone got the point.

[Chetan_Rao]

The familiar chap at my regular IOCL pump chimed in today 'Saar, XP95 is only 6 rupees extra, try maadi'. I smiled at him, he smiled back knowingly, took the regular petrol nozzle and started pumping. These chaps used to be pushy not too far in the past, now they just smile sympathetically when you turn them down.

Topping up a little hatch that barely takes in 20 liters and a bit at 3 quarters empty, costs 2000+ INR. Truly a luxury.

[IamNikhil]

Originally Posted by SN88

We have 4 cars in the family as everyone drives to different places and does different things. It costs approx 18k in total for a tank full..

Can totally relate to what you're going through, albeit at a lesser level: We have 2 cars, out if which we're just trying to use 1 and that too, sparingly, to reduce the burden on the pocket

[blorebuddy]

Originally Posted by aravind.anand

The state Government of Tamil Nadu has reduced taxes to the tune of ~3 INR, and today morning I filled up petrol at INR 99.66.

It is just a matter of 2-3 days to breech 100 again, with the central Government's unabashed apathy. So yes, but at least a tiny relief from the State Government. Salute to them !

Completely agree. It's ~3% reduction not bad. Makes a difference over a month. Does not look like Central Govt has any mood. Thank God it's not raised for the last 27days!. Ideally it should have been reduced as prices are going down for all these days! Prices only go up when it goes up and does not come down when international prices come down! What a formula!

[giri1.8]

Originally Posted by aravind.anand

The state Government of Tamil Nadu has reduced taxes to the tune of ~3 INR, and today morning I filled up petrol at INR 99.66.

I am glad that people were vocal to the Local political party.

Lower tax instead of freebies is the need of the hour.

[rahul_kej]

https://www.hindustantimes.com/busin...684077465.html

As per the above news by Hindustan Times there will be a meeting on 17th of September with the GST council and a proposal will be put forward to include petrol and diesel under GST.

Fingers crossed if that happens, petrol can come till Rs. 75 a litre and diesel Rs.68 a litre.

[rjainv]

Originally Posted by rahul_kej

https://www.hindustantimes.com/busin...684077465.html

As per the above news by Hindustan Times there will be a meeting on 17th of September with the GST council and a proposal will be put forward to include petrol and diesel under GST.

Fingers crossed if that happens, petrol can come till Rs. 75 a litre and diesel Rs.68 a litre.

I don't think that's how govt works.
They'll simply add cess /surcharge to make sure the tax recovered by government remains same.
The only change that will happen is that the non-uniformity of state tax will go away and become consistent pan India. But even there who knows if state govts also bring in additional state cess over it.

Bottomline, this is a revenue source today, and no govt likes to give up their revenue source.

[Venkatesh]

Fuel prices hit record highs in India
- Petrol at Rs 107.95
- Diesel Rs 97.84 a litre in Mumbai.



Over the past year, petrol has turned costlier by Rs 20.41 & diesel by Rs 20.91 a litre.

Source

[aargee]

Over the past year, petrol has turned costlier by Rs 20.41 & diesel by Rs 20.91 a litre

I like the awesome strategy of the govt. Increase the taxation on fuel so that the ownership breakeven cost between fossil fueled vehicles & EVs becomes nearly the same someday & owning a EV makes sense.

[fazayal]

Originally Posted by aargee

I like the awesome strategy of the govt. Increase the taxation on fuel so that the ownership breakeven cost between fossil fueled vehicles & EVs becomes nearly the same someday & owning a EV makes sense.

The day that happens electricity costs would spiral out of control

[shortbread]

If the multiple forecasts are anything to go by, the high petroleum prices are here to stay and even worse is what will happen if the barrel touches $100.

We can argue about taxes, whom to vote for, how governments spend, rest assured friend fuel prices are only heading in one direction, ie. North!

The best way to plan against energy inflation is two fold I believe:

1. Produce one's own energy:
Going SOLAR is the best long term investment one can make. Sacrifice a holiday, buy a vehicle that's segment lower, break an FD, sell unused jewellery... whatever it takes, this is a no-brainer. Solar power is free, makes no sense not to use it.

Per capita electricity consumption will continue to rise along with bills, therefore anyone with the provision of a rooftop/open space and the financial wherewithal must install solar panels in my humble opinion. If you can make something that you currently spend buying, that too with no real effort then why would you ignore it?

This is the right time to avail the multiple govt. subsidies (approx 40%) to purchase before demand rises and the schemes disappear. There is a lot of information/advice available online, whether to be on or off grid depending on states/cities, what size of instalment to choose, what vendors to use etc..etc...

Yet I have relatives who fill fork out far more on a holiday to Maldives but keep ignoring this advice. They don't have an excuse, perhaps there are no social media brownie points when purchasing solar panels. That's what the Govt. is doing wrong, get Jhanvi Kapoor to post pics sunbathing on a solar panel and make this a social media trend!

2. Plan to electrify one's transportation:
Tough pill to swallow I know, especially for members on a car forum. It might not be immediate, but plan ahead. Building/buying a property, then think of EV PowerPoints, buying a new car in 1-2 years then be open to alternative choices..... but one can't keep ignoring anymore. Because right now it hits where it hurts the most, our wallets.

I think for starters most people buying two wheelers will be spoilt for choice in another year or two with more electric models being available. Four wheelers will be slower, but it will happen.

Folk living in high-rises will have it tough, tall residential buildings never incorporated these requirements when they were built/designed. One hopes as technology improves solutions will be found eg. removable batteries.

Everyone complains after visiting the fuel pumps, it's high time we think of doing something about it instead!

[allinbalance]

Originally Posted by rahul_kej

https://www.hindustantimes.com/busin...684077465.html

As per the above news by Hindustan Times there will be a meeting on 17th of September with the GST council and a proposal will be put forward to include petrol and diesel under GST.

Fingers crossed if that happens, petrol can come till Rs. 75 a litre and diesel Rs.68 a litre.

Regrettably this will never happen for political reasons. There is too much to lose and little to gain financially for the states, not to mention the tax revenue is the best way for state politics to finance "freebie culture" for votes.

The moment states accept fuel under GST - the cascade of producing state <vs> consuming state begins along with the same old fund mediation by centre and then, "we as a state are getting stiffed" ruckus will come right back up. We have been seeing this same issue come back again and again over the years as soon as Brent crude prices spike due to the all powerful OPEC cartel.

Crude spikes triggers supply chain prices spike and refiners want to hold on to their margins, while center and states won't let go of easy money and voila! Here we are - again!