The Official Fuel Prices Thread

jaganm · 3rd January 2008, 10:08

Finally a sensible decision and not a day too soon. However, I have my doubts about whether this will actually come through or not, in the wake of the dismal performance of the Congress in the recent elections. Even if it does, we could see a partial rollback pretty soon.

madan80 · 3rd January 2008, 10:10

Was wondering when this was coming. They waited till Guj elections were over.

amohit · 3rd January 2008, 10:18

hopefully shell will again start selling normal fuel.

Sankar · 3rd January 2008, 10:32

Aah.. if this comes through then i'll be paying at Trivandrum the same amount as i was paying for fuel at Bangalore.

theMAG · 3rd January 2008, 11:10

This hurts. Salaries dont go up on account of regular increases in cost of living. Its high time the govt cuts duties and taxes they levy on petroleum products.

adya33 · 3rd January 2008, 11:13

Although hike seems necessary but sudden 4 Rs hike will surely hurt.

Quote:

Its high time the govt cuts duties and taxes they levy on petroleum products.

Coming to think of it, its high time govt cuts duties & taxes on everything

narayan · 3rd January 2008, 11:14

Quote:

Originally Posted by theMAG

This hurts. Salaries dont go up on account of regular increases in cost of living. Its high time the govt cuts duties and taxes they levy on petroleum products.

true - and no one even looks at the flab in the oilmarketing companies...

they could save Rs2-3 by just cutting costs !

and if only the govt was to spend a part of the earnings from fuel taxes on good roads, vehicles would get a better mileage and indirectly help in the overall fuel consumption figures...

but then the easiest thing to do is hike the petrol prices which has one of the least price elasticity on demand after cigarettes and alchohol...

amit · 3rd January 2008, 11:17

It's high time they cut duties and levies on petro products. The finance minister has himself said that the government has recieved a way more then expected collection of almost Rs. 3 lakh crores from direct taxes. Add Indirect taxes which even the poorest of poor pay and the figure should be mind boggling.

Now we are paying tolls for development and maintainence of roads and education cess for improving literacy so it can be assumed that the government isn't spending on roads and education from their direct and indirect tax collection isnt it? So what the hell are they doing with all the money?

mjothi · 3rd January 2008, 11:25

Just read yesturday that everytime a minister is changed they auction the furnitures in his office & house for almost 1/8 of the price [in crores]. Do they really keep doing this in every office when a person is changed? Same with the govt provided cars to them. Same with everything and we waste so much of tax money. And in states like KA where its change so often, imagine the waste if money.

Possibly govt should stop this and that would help to reduce the tax by atleast a some amount...
Also, Diesel was subsidized more because it was used by Public carriers that transport people & goods and its hike will affect all common people. but we have so many Diesel engines in passenger & travel cars now and that subsidy is still given to them... So, govt will be getting more burden only and keep hiking all these often.
Do we need to provide subsidy on diesel only to public transports? Will that be possible?
Not sure how many diesel owners and would be owners will be bouncing on me now

BUSA · 3rd January 2008, 11:26

Quote:

So what the hell are they doing with all the money?

My guess is as good as yours, eating it up what else!

There was some talk to do away with State Tax or something which would reduce the price to around 38 levels for petrol, but i guess it was as usual all talk.

mjothi · 3rd January 2008, 11:29

Quote:

Originally Posted by amit

It's high time they cut duties and levies on petro products. The finance minister has himself said that the government has recieved a way more then expected collection of almost Rs. 3 lakh crores from direct taxes. Add Indirect taxes which even the poorest of poor pay and the figure should be mind boggling.

Now we are paying tolls for development and maintainence of roads and education cess for improving literacy so it can be assumed that the government isn't spending on roads and education from their direct and indirect tax collection isnt it? So what the hell are they doing with all the money?

It goes for infrastructures but not for INDIA but for govt office & people only...

Imagine the amount we pay every month
1. Service tax 12% for Phone
2. same for Mobile
3. Electricity
4. VAT for anything and everything you buy...

Just wondering how much this would come up to when added for the 100 crore people...

LLL · 3rd January 2008, 11:34

So diesel price will be hiked by Rs 2 and Petrol by Rs 4? And some govts & high courts want to discourage diesel cars?

Samurai · 3rd January 2008, 11:38

Quote:

Originally Posted by theMAG

This hurts. Salaries dont go up on account of regular increases in cost of living.

But the IT guys can't complain, aren't IT salaries jumping by 20-30% every year? Although this year I doubt it consdiering the dollar slump.

CrAzY dRiVeR · 3rd January 2008, 11:48

Seriously speaking, I'm getting increasingly jealous of CRDi, DDiS, TDCi, TCDi badges!

They are having their cake and eating it too!

hrishig · 3rd January 2008, 11:51

Quote:

Originally Posted by Samurai

But the IT guys can't complain, aren't IT salaries jumping by 20-30% every year? Although this year I doubt it consdiering the dollar slump.

Ha Ha 20% - 30 % every year?

If you can put names of the company's who are giving such a hike every year.. I guess everyone will join those !

3rd January 2008, 10:08	#316
jaganm BHPian Join Date: May 2007 Location: Bangalore Posts: 372 Thanked: 428 Times	Finally a sensible decision and not a day too soon. However, I have my doubts about whether this will actually come through or not, in the wake of the dismal performance of the Congress in the recent elections. Even if it does, we could see a partial rollback pretty soon.
	() Thanks

3rd January 2008, 10:10	#317
madan80 Senior - BHPian Join Date: Jan 2006 Location: Santa Clara, CA Posts: 1,360 Thanked: 80 Times View My Garage	Was wondering when this was coming. They waited till Guj elections were over.
	() Thanks

3rd January 2008, 10:18	#318
amohit BHPian Join Date: Jul 2007 Location: Bangalore Posts: 451 Thanked: 52 Times	hopefully shell will again start selling normal fuel.
	() Thanks

3rd January 2008, 10:32	#319
Sankar Senior - BHPian Join Date: May 2005 Location: Location Posts: 5,766 Thanked: 9,054 Times	Aah.. if this comes through then i'll be paying at Trivandrum the same amount as i was paying for fuel at Bangalore.
	() Thanks

3rd January 2008, 11:10	#320
theMAG Distinguished - BHPian Join Date: May 2006 Location: Avon, CT Posts: 7,217 Thanked: 1,807 Times View My Garage	This hurts. Salaries dont go up on account of regular increases in cost of living. Its high time the govt cuts duties and taxes they levy on petroleum products.
	() Thanks

3rd January 2008, 11:17	#323
amit Senior - BHPian Join Date: Feb 2004 Location: Mumbai Posts: 3,717 Thanked: 449 Times	It's high time they cut duties and levies on petro products. The finance minister has himself said that the government has recieved a way more then expected collection of almost Rs. 3 lakh crores from direct taxes. Add Indirect taxes which even the poorest of poor pay and the figure should be mind boggling. Now we are paying tolls for development and maintainence of roads and education cess for improving literacy so it can be assumed that the government isn't spending on roads and education from their direct and indirect tax collection isnt it? So what the hell are they doing with all the money?
	() Thanks

3rd January 2008, 11:25	#324
mjothi Senior - BHPian Join Date: Dec 2007 Location: Bangalore Posts: 3,287 Thanked: 231 Times View My Garage	Just read yesturday that everytime a minister is changed they auction the furnitures in his office & house for almost 1/8 of the price [in crores]. Do they really keep doing this in every office when a person is changed? Same with the govt provided cars to them. Same with everything and we waste so much of tax money. And in states like KA where its change so often, imagine the waste if money. Possibly govt should stop this and that would help to reduce the tax by atleast a some amount... Also, Diesel was subsidized more because it was used by Public carriers that transport people & goods and its hike will affect all common people. but we have so many Diesel engines in passenger & travel cars now and that subsidy is still given to them... So, govt will be getting more burden only and keep hiking all these often. Do we need to provide subsidy on diesel only to public transports? Will that be possible? Not sure how many diesel owners and would be owners will be bouncing on me now
	() Thanks

3rd January 2008, 11:34	#327
LLL BHPian Join Date: Mar 2005 Location: Delhi Posts: 635 Thanked: 2 Times	So diesel price will be hiked by Rs 2 and Petrol by Rs 4? And some govts & high courts want to discourage diesel cars?
	() Thanks

3rd January 2008, 11:48	#329
CrAzY dRiVeR Team-BHP Support Join Date: Jun 2006 Location: Bangalore / TVM Posts: 17,181 Thanked: 73,511 Times View My Garage	Seriously speaking, I'm getting increasingly jealous of CRDi, DDiS, TDCi, TCDi badges! They are having their cake and eating it too!
	() Thanks