The Official Fuel Prices Thread

SRTH1987 · 1st July 2014, 09:43

Quote:

Originally Posted by vivekz

Petrol price increased by Rs. 1.69 per litre, diesel just by Rs. 0.50.

Golden opportunity lost to deregulate diesel.

When is this effective from? Yesterday midnight or today midnight?

suresh_gs · 1st July 2014, 09:48

Quote:

Originally Posted by SRTH1987

When is this effective from? Yesterday midnight or today midnight?

Effective 1st July

http://profit.ndtv.com/news/economy/...e-otherstories

sdp1975 · 1st July 2014, 14:01

Non-subsidized LPG goes up by Rs 16.50/-. Aviation turbine fuel also up.

http://economictimes.indiatimes.com/...w/37567897.cms

romeomidhun · 1st July 2014, 17:00

Seems like netizens here are OK with the Petrol price hike this time?

dass · 1st July 2014, 19:16

Quote:

Originally Posted by romeomidhun

Seems like netizens here are OK with the Petrol price hike this time?

There is no option but to 'accept' the hike.

The alternative is to use Shell, which may be cheaper than the PSU, for now at least.

I had always thought that the gap between diesel and petrol would be a minimum of Rs.10, but the way things are going it might never get close to 10.

supremeBaleno · 1st July 2014, 19:39

Quote:

Originally Posted by romeomidhun

Seems like netizens here are OK with the Petrol price hike this time?

Indeed. The UPA Govt might have had its failings (quite of a lot of them), but the phased removal of diesel subsidy was a masterstroke. Earlier when diesel prices were hiked by 2-3Rs, there were instances of anti-socials (in the grab of party workers) destroying public property. But not a whimper after the Re0.50 monthly increase.

BTW, the new Govt. is also banking on the "public memory is short" logic. Increase prices of everything (train-fare, petrol, diesel, LPG etc) in the initial days and while there will be public anger, it will be forgotten soon and just before the next election, throw some sops to get votes. And funny thing is the TN CM also did exactly the same on coming to power (raised prices of milk, bus-fare etc), but whenever the Centre (UPA or NDA) hikes prices, she cries foul.

ad3952n · 1st July 2014, 21:51

Hi Folks, According to the Economic Times newspaper's Mumbai edition of today the fuel price hike is credited to Iraq. Here are some snaps with the latest pricing of the Petrol and Diesel:

The Official Fuel Prices Thread-photo1490.jpg

The Official Fuel Prices Thread-photo1485.jpg

The Official Fuel Prices Thread-photo1489.jpg

Thanks.

mail4ajo · 1st July 2014, 22:14

With the number of times fuel prices going up, no point in cribbing over this. Accept the fact and move on.

Not much the govt can do apart from reducing the tax component which they wont. Drive wisely to extract better FE from your car is all we can do.

Desi Dybuk · 2nd July 2014, 08:52

My worry is that the government might seek to cross-subsidize Diesel with surreptitious increases in Petrol prices.

Heck, even Aircraft Turbine Fuel is cheaper than Petrol! (Petrol is 80.40 per liter vs Rs 70 per liter for ATF)

Every time I visit Goa, I'm dumbstruck as to how forward thinking the government there is! It's a full Rs 20 lower than neighboring Karnataka & on par with Diesel.

But then again, Goa has IITian Parrikar while we have Siddu.

SRTH1987 · 2nd July 2014, 09:24

Quote:

Originally Posted by dass

There is no option but to 'accept' the hike.

The alternative is to use Shell, which may be cheaper than the PSU, for now at least.

I had always thought that the gap between diesel and petrol would be a minimum of Rs.10, but the way things are going it might never get close to 10.

When i filled at Shell yesterday they were also charging the revised prices from yesterday itself. 79.XX to a litre of petrol in Chennai

sgiitk · 2nd July 2014, 09:42

Shell buys from IOC, so ultimately the prices will be in synch. Once the Diesel subsidy is zero, then in the long term I will expect the independents - Reliance (when they reopen), Essar and co to be cheaper since their overheads may be lower.

Also, indications are that a Diesel operation (graded price hikes) may be in the offing for the subsidized LPG. Kerosene is anybody's guess; since it is accepted that it is normally not available to the poor, and is mostly used as a adulterant in Diesel. Taxation apart, the price of K-oil and ATF should be about the same. Only QC is higher in the latter.

Desi Dybuk · 2nd July 2014, 13:47

Quote:

Originally Posted by SRTH1987

When i filled at Shell yesterday they were also charging the revised prices from yesterday itself. 79.XX to a litre of petrol in Chennai

I filled up yesterday at Shell in Rajajinagar, Bangalore at Rs 80.40/l. They apparently revised their price immediately after the PSUs did.

saket77 · 2nd July 2014, 13:57

Filled (petrol) last evening. Here at Ranchi its 72.97 per litre. Diesel is 60.XX

adarsh.n · 2nd July 2014, 15:21

I filled up normal petrol from Shell in Vadapalani), Chennai this morning. Costed 79.45 per litre!!

supremeBaleno · 2nd July 2014, 16:01

Before this latest hike, petrol was costlier than diesel in Chennai only by Rs.13.64. Ever since the Re0.50 monthly hike in diesel was put in place by the UPA Govt, the huge differential between the two fuels was slowly reducing.

Now, with the latest hike, the delta has increased to Rs.15.23. I just hope we don't go back to the old situation.

1st July 2014, 14:01	#3633
sdp1975 Senior - BHPian Join Date: Aug 2009 Location: Bangalore Posts: 1,700 Thanked: 1,273 Times View My Garage	Re: The Official Fuel Prices Thread Non-subsidized LPG goes up by Rs 16.50/-. Aviation turbine fuel also up. http://economictimes.indiatimes.com/...w/37567897.cms
	(1) Thanks

1st July 2014, 17:00	#3634
romeomidhun BANNED Join Date: Nov 2007 Location: Chennai Posts: 3,282 Thanked: 4,876 Times	Re: The Official Fuel Prices Thread Seems like netizens here are OK with the Petrol price hike this time?
	() Thanks

1st July 2014, 21:51	#3637
ad3952n Senior - BHPian Join Date: Jun 2013 Location: Noida (U.P) Posts: 1,579 Thanked: 1,875 Times	Re: The Official Fuel Prices Thread Hi Folks, According to the Economic Times newspaper's Mumbai edition of today the fuel price hike is credited to Iraq. Here are some snaps with the latest pricing of the Petrol and Diesel: Thanks.
	() Thanks

1st July 2014, 22:14	#3638
mail4ajo Senior - BHPian Join Date: Mar 2006 Location: San Antonio, TX Posts: 1,957 Thanked: 331 Times View My Garage	Re: The Official Fuel Prices Thread With the number of times fuel prices going up, no point in cribbing over this. Accept the fact and move on. Not much the govt can do apart from reducing the tax component which they wont. Drive wisely to extract better FE from your car is all we can do.
	() Thanks

2nd July 2014, 08:52	#3639
Desi Dybuk BHPian Join Date: Apr 2014 Location: KA 25 Posts: 193 Thanked: 643 Times	My worry is that the government might seek to cross-subsidize Diesel with surreptitious increases in Petrol prices. Heck, even Aircraft Turbine Fuel is cheaper than Petrol! (Petrol is 80.40 per liter vs Rs 70 per liter for ATF) Every time I visit Goa, I'm dumbstruck as to how forward thinking the government there is! It's a full Rs 20 lower than neighboring Karnataka & on par with Diesel. But then again, Goa has IITian Parrikar while we have Siddu. Last edited by Desi Dybuk : 2nd July 2014 at 08:57.
	() Thanks

2nd July 2014, 09:42	#3641
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	Re: The Official Fuel Prices Thread Shell buys from IOC, so ultimately the prices will be in synch. Once the Diesel subsidy is zero, then in the long term I will expect the independents - Reliance (when they reopen), Essar and co to be cheaper since their overheads may be lower. Also, indications are that a Diesel operation (graded price hikes) may be in the offing for the subsidized LPG. Kerosene is anybody's guess; since it is accepted that it is normally not available to the poor, and is mostly used as a adulterant in Diesel. Taxation apart, the price of K-oil and ATF should be about the same. Only QC is higher in the latter.
	() Thanks

2nd July 2014, 13:57	#3643
saket77 Distinguished - BHPian Join Date: Dec 2012 Location: Ranchi Posts: 4,395 Thanked: 12,020 Times	Re: The Official Fuel Prices Thread Filled (petrol) last evening. Here at Ranchi its 72.97 per litre. Diesel is 60.XX
	() Thanks

2nd July 2014, 15:21	#3644
adarsh.n BHPian Join Date: Feb 2013 Location: Chennai Posts: 34 Thanked: 20 Times	Re: The Official Fuel Prices Thread I filled up normal petrol from Shell in Vadapalani), Chennai this morning. Costed 79.45 per litre!!
	() Thanks

2nd July 2014, 16:01	#3645
supremeBaleno Senior - BHPian Join Date: Dec 2005 Location: Chennai / Kochi Posts: 5,546 Thanked: 2,698 Times View My Garage	Re: The Official Fuel Prices Thread Before this latest hike, petrol was costlier than diesel in Chennai only by Rs.13.64. Ever since the Re0.50 monthly hike in diesel was put in place by the UPA Govt, the huge differential between the two fuels was slowly reducing. Now, with the latest hike, the delta has increased to Rs.15.23. I just hope we don't go back to the old situation.
	() Thanks