![]() | #1546 |
BHPian ![]() | ![]() OMG! it is already expensive at 55.95 rs. If it goes up by another rs.1! damn! petrol is getting dearer! I just wish the crude prices drop to 40 - 45$ PB |
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![]() | #1547 |
BHPian ![]() Join Date: Mar 2004 Location: Mumbai
Posts: 783
Thanked: 128 Times
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Not true. Thane has usually been more expensive than Mumbai, currently petrol and diesel are ~Rs. 1.5 more expensive in Thane compared to Mumbai. BTW, the Oil PSU's had announced a few weeks ago that they would collectively set the fuel prices through consensus every 15 days so that they sell at similar prices. Is this beneficial for us? What do you guys think about this? |
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![]() | #1548 |
BHPian ![]() Join Date: Jun 2009 Location: MUMBAI
Posts: 180
Thanked: 44 Times
| ![]() @gomzi, this is nothing but cartelization, how can they talk about free market and arriving at prices by consensus in the same breath, this is bad news. Even after the initial prices there have been no revision in prices, on the higher or lower side, which is again bad news. |
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![]() | #1549 |
Senior - BHPian ![]() | ![]() |
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![]() | #1550 |
BHPian ![]() | ![]() |
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![]() | #1551 | |
BHPian ![]() Join Date: Mar 2004 Location: Mumbai
Posts: 783
Thanked: 128 Times
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Unfortunately, I do not think aam junta will have a choice in that decision and as always will have to like it or lump it. Again I wonder when the price revisions will happen. | |
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![]() | #1552 | |
BHPian Join Date: Feb 2010 Location: Bangalore
Posts: 208
Thanked: 214 Times
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Oil PSUs may up petrol prices August-end - Money - DNA On the cartel front, wonder whether private players (shell, reliance, essar) are part of it. How can they be, they need to do things differently to win customers, right? | |
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![]() | #1553 | ||
BHPian ![]() Join Date: Mar 2004 Location: Mumbai
Posts: 783
Thanked: 128 Times
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The cartel is the PSU's ganging up together to set fuel prices for their outlets collectively. We the consumers could be worse off due to 2 factors:- 1) From the way I see it, the most inefficient company from this cartel will determine the price. e.g. if Co. A and Co. B can transport their fuel to Mumbai for Rs. X and Co. C for Rs. X+2, then the consensus price will be something Co. C's cost will drive. So we would get fuel at Rs. X+2+Profit% at all outlets whereas we could have got it from the other 2 companies for Rs. X+Profit% if there was no cartel 2) The PSU's collectively have a stranglehold on fuel distribution in India. They can theoretically gain HUGE advantages through mutual collaboration. All this clout can make market entry even more unattractive for private distributors. What do you guys think? Note: I dont have a stake in any oil company PSU or Pvt. I'm just a concerned aam aadmi trying to look at developments and what they can mean for me and my passion of cars and driving them. | ||
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![]() | #1554 | |
Newbie Join Date: Apr 2008 Location: Muscat
Posts: 15
Thanked: 0 Times
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So next time when you buy premium fuels from IOC or BP or HP, keep in mind, they could be coming from the same refinery. ![]() Then why are the PSUs spending big money on advertising their fuels using stars? Money Laundering PSU style!! Anyway we are paying for that money right. | |
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![]() | #1555 | |
Senior - BHPian ![]() | ![]() Quote:
Oil companies set to hike petrol prices by up to 70 paise per litre - Commodities - Markets - The Economic Times | |
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![]() | #1556 |
BHPian Join Date: Jul 2007 Location: Bangalore
Posts: 451
Thanked: 51 Times
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![]() | #1557 |
Senior - BHPian ![]() | ![]() I guess we all need to be ready for "HIKES" dont worry not salary ![]() Fuel goes up and along with almost all the commodity/services cost goes up! minimum fare for auto as of today is 15bucks... |
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![]() | #1559 |
Senior - BHPian ![]() Join Date: Jun 2006 Location: Tura
Posts: 1,560
Thanked: 1,372 Times
| ![]() A very small column insert in the local newspaper. Petrol price increased by a further 37 paise. This is being going on since the decontrol, every 2 weeks prices get increased by sometimes 67 paise sometimes 37 paise and it goes below the radar. If this is the trend, i fully expect petrol to touch 100 bucks sooner than later. What is going on ? |
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![]() | #1560 |
BHPian Join Date: Jul 2007 Location: Bangalore
Posts: 451
Thanked: 51 Times
| ![]() any idea what is the latest fuel price now in bangalore? |
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