The Official Fuel Prices Thread

ravib · 11th May 2011, 21:24

Quote:

Originally Posted by Gansan

This is all hogwash! Just to make you feel grateful for a Rs 3.00 hike, which will be the intention all along.

+1. I completely agree. Its like hiking the price and giving a discount. In any calculation, hike is a hike...no matter what, its going to impact everyone in all possible ways.

-Ravi

centaur · 13th May 2011, 09:33

The newpapers also said that international oil prices had come down below $100 a barrel post the osama killing news. these things done seem to gel together - I mean on one side international oil prices are down and other the other side oil companies ask for a hike citing that they are having losses.

Neilguy · 13th May 2011, 10:56

Quote:

Originally Posted by centaur

The newpapers also said that international oil prices had come down below $100 a barrel post the osama killing news. these things done seem to gel together - I mean on one side international oil prices are down and other the other side oil companies ask for a hike citing that they are having losses.

The current petrol/diesel prices in India were set when the international crude oil prices were around $78.

So when the international price is around $100, surely the oil companies still "need" a hike in prices, even though international prices have relatively come down from $130 to around $100.

bzr77k · 13th May 2011, 14:32

Quote:

Originally Posted by Neilguy

The current petrol/diesel prices in India were set when the international crude oil prices were around $78.

So when the international price is around $100, surely the oil companies still "need" a hike in prices, even though international prices have relatively come down from $130 to around $100.

And add to it the losses they have booked when the prices were higher! From a pure business sense, they would have to increase prices

joecherian · 14th May 2011, 18:27

finally, it has happened. Petrol price to go up by Rs 5 tonight..

Turbanator · 14th May 2011, 18:36

So the news is out. Petrol is going to be expensive by rs 5 from tonight ,, don't know yet why have they spared Diesel

libranof1987 · 14th May 2011, 18:57

TOI is still showing it as "Breaking News".

Ah! 5 bucks! That is going to pinch real bad.

This happens to be the 9th hike in 9 months. So, petrol crosses the 70-mark barrier in Bangalore.

Wonder where Shell is headed.

ani_meher · 14th May 2011, 18:58

I don't see any such news on any website. Can you pls point the source?

EDIT: Got the news. Filled up the bike by 800 bucks worth of petrol, which would have taken 850-870 tomorrow. Thanks Turbanator!

agspins · 14th May 2011, 19:03

So the Petrol prices around my place will go to Rs.71.40 from 66.40.

ph03n!x · 14th May 2011, 19:03

Quote:

Originally Posted by ani_meher

I don't see any such news on any website. Can you pls point the source?

Petrol price to go up by Rs 5 per litre from midnight - The Times of India

Petrol price to go up by Rs 5 per litre

Gujarat | DeshGujarat.Com » Archives » Petrol dearer by about Rs. five per litre from midnight

ph03n!x · 14th May 2011, 19:05

Quote:

Originally Posted by libranof1987

Wonder where Shell is headed.

Shell is already there - they do it as and when the crude goes up. No wait-for-election-results, and no 5-bucks-at-a-time hike. Incremental, then and there

nitrous · 14th May 2011, 19:09

Revenge of the congress?
Fuel Prices in the UK have actually gone down, in the past week.

misquitas · 14th May 2011, 19:32

In the PTI report, this is what an 'industry official' had to say: "The hike needed to make domestic rates at par with international prices was Rs. 9.50-10 per litre but oil companies choose to hike rates by just half of that," an industry official said. "Another hike in petrol price is on cards soon."

Just what are these international prices that everyone seems to talk about? It seems to vary from country to country, with Gulf countries (I would assume) paying the lowest. Also, as far as I know, heavy taxes are being levied on petrol, which makes it expensive.

At this point, my I10 may end up spending more time in the garage than on the road and I don't know whom to curse for this, the government or the oil companies...or my decision to buy the I10.

n.devdath · 14th May 2011, 19:53

Here is the link to the Hindu article on the hike.The Hindu : Business News : Petrol price up by Rs. 5

I fail to understand the reasoning behind it when world crude is dropping. Moreover, inspite of showing losses, the employees of petro Cos are amongst the highest paid and incremented.

download2live · 14th May 2011, 19:54

Wow. Now it will touch around Rs 70 a liter in Bangalore. A nice twisted way of curbing the traffic on Roads. Are we such fools that petrol price hike before or after elections makes a difference. Does this makes people vote this way or that way? And not the long term policies of the leaders? If it is so then we Indians deserve every rupee of this hike.

Diesel cars are so much going to be in demand.

13th May 2011, 09:33	#1817
centaur BHPian Join Date: May 2009 Location: -- Posts: 897 Thanked: 1,169 Times	Re: Fuel Price Thread The newpapers also said that international oil prices had come down below $100 a barrel post the osama killing news. these things done seem to gel together - I mean on one side international oil prices are down and other the other side oil companies ask for a hike citing that they are having losses.
	() Thanks

14th May 2011, 18:27	#1820
joecherian BHPian Join Date: Aug 2007 Location: Almhult,Sweden Posts: 550 Thanked: 80 Times View My Garage	Re: Fuel Price Thread finally, it has happened. Petrol price to go up by Rs 5 tonight..
	(1) Thanks

14th May 2011, 18:36	#1821
Turbanator Team-BHP Support Join Date: Mar 2011 Location: Gurgaon Posts: 6,716 Thanked: 28,312 Times	So the news is out. Petrol is going to be expensive by rs 5 from tonight ,, don't know yet why have they spared Diesel
	(1) Thanks

14th May 2011, 18:57	#1822
libranof1987 Team-BHP Support Join Date: Sep 2010 Location: All over! Posts: 7,615 Thanked: 18,340 Times	Re: Fuel Price Thread TOI is still showing it as "Breaking News". Ah! 5 bucks! That is going to pinch real bad. This happens to be the 9th hike in 9 months. So, petrol crosses the 70-mark barrier in Bangalore. Wonder where Shell is headed.
	() Thanks

14th May 2011, 18:58	#1823
ani_meher Senior - BHPian Join Date: Oct 2008 Location: Pune Posts: 1,931 Thanked: 3,825 Times	Re: Official tracker of Price hike's & cut's in petrol & diesel in India I don't see any such news on any website. Can you pls point the source? EDIT: Got the news. Filled up the bike by 800 bucks worth of petrol, which would have taken 850-870 tomorrow. Thanks Turbanator! Last edited by ani_meher : 14th May 2011 at 19:28.
	() Thanks

14th May 2011, 19:03	#1824
agspins Senior - BHPian Join Date: Apr 2006 Location: MH-31 Posts: 1,652 Thanked: 508 Times View My Garage	Re: Official tracker of Price hike's & cut's in petrol & diesel in India So the Petrol prices around my place will go to Rs.71.40 from 66.40.
	() Thanks

14th May 2011, 19:09	#1827
nitrous Senior - BHPian Join Date: May 2004 Location: UAE/Lon/Madras Posts: 6,965 Thanked: 325 Times View My Garage	Re: Official tracker of Price hike's & cut's in petrol & diesel in India Revenge of the congress? Fuel Prices in the UK have actually gone down, in the past week.
	() Thanks

14th May 2011, 19:32	#1828
misquitas BHPian Join Date: Jun 2008 Location: Panjim Posts: 875 Thanked: 324 Times	Re: Official tracker of Price hike's & cut's in petrol & diesel in India In the PTI report, this is what an 'industry official' had to say: "The hike needed to make domestic rates at par with international prices was Rs. 9.50-10 per litre but oil companies choose to hike rates by just half of that," an industry official said. "Another hike in petrol price is on cards soon." Just what are these international prices that everyone seems to talk about? It seems to vary from country to country, with Gulf countries (I would assume) paying the lowest. Also, as far as I know, heavy taxes are being levied on petrol, which makes it expensive. At this point, my I10 may end up spending more time in the garage than on the road and I don't know whom to curse for this, the government or the oil companies...or my decision to buy the I10.
	() Thanks

14th May 2011, 19:53	#1829
n.devdath BANNED Join Date: Jun 2009 Location: Bangalore Posts: 4,287 Thanked: 2,811 Times	Re: Official tracker of Price hike's & cut's in petrol & diesel in India Here is the link to the Hindu article on the hike.The Hindu : Business News : Petrol price up by Rs. 5 I fail to understand the reasoning behind it when world crude is dropping. Moreover, inspite of showing losses, the employees of petro Cos are amongst the highest paid and incremented.
	() Thanks

14th May 2011, 19:54	#1830
download2live Senior - BHPian Join Date: Feb 2010 Location: - Posts: 1,147 Thanked: 1,144 Times	Re: Official tracker of Price hike's & cut's in petrol & diesel in India Wow. Now it will touch around Rs 70 a liter in Bangalore. A nice twisted way of curbing the traffic on Roads. Are we such fools that petrol price hike before or after elections makes a difference. Does this makes people vote this way or that way? And not the long term policies of the leaders? If it is so then we Indians deserve every rupee of this hike. Diesel cars are so much going to be in demand.
	() Thanks