The Official Fuel Prices Thread

greatgyan · 5th April 2016, 15:45

Now this is turning into an unethical practice by both the government and the oil cos.
First, the government doesn't pass on the entire benefit of the fall in crude oil prices to the citizens, keeps increasing excise duty, and now, the oil cos. increase prices substantially even though the rupee has strengthened over the $ by about 1.5 during the past fortnight and crude oil prices have remained under 40$/barrel. (last i heard, it was around 37$/barrel). Seriously unethical.

ghodlur · 5th April 2016, 16:25

Illogical price hikes by the oil cos. This goes to show that the fuel prices are indirectly controlled by the central govt and the oil ministry. The only way to protest against such practice is to write a grievance in the
http://pgportal.gov.in/GrievanceNew.aspx

Although a surprising move by the oil cos (indirectly by the govt) considering this is the election season or is it that the govt has assumed they will come to power in all those states and hence the rise in prices?

mohammedismail · 5th April 2016, 16:39

The problem is no body is fighting against these illogical hikes. Everyone thinks that it is small money and it hardly matters and move on. But if I calculate from the last 2 hikes I get 1 litre petrol LESS every time I full tank my Bike, that difference is huge and I'm just talking about the bike and not a Car! For a car multiply by 3 or 4 times!

I think there should be some sort of petition to sign and fight against these Illogical hikes!

Saying things like we will use this money for infrastructure development is a pure SCAM by this Government!

mohammedismail · 5th April 2016, 18:45

Looks like there is a Petition started already by Change.Org but it needs 16K+ more people to sign the petition to reach the goal!

Click HERE to sign the Petition!

saurabhkum · 5th April 2016, 20:46

Sometimes I feel that all the good work done by earlier government in terms of de-regulation of fuel prices have been misused. They took the bold step of price freedom just to work what is good for economy and country as whole. When crude prices go down the taxes go up and when crude prices go up then the retailing fuel price go up.

carZest · 6th April 2016, 09:12

Quote:

Originally Posted by suresh_gs

The place where i stay in Bangalore has a BP bunk. As of Sunday (April 3rd), the petrol price was Rs 63.92 / litre . This includes the recent hike in KA alone.

Even mypetrolprice.com reports the following prices as of April 5th. Guess they must be the lowest price in the city (which might be BS3). But this gives a fair idea of prices.
------
Panaji: 59.64 Rs/Ltr
Chennai: 61.32 Rs/Ltr
Bengaluru: 64.53 Rs/Ltr
Lucknow: 65.74 Rs/Ltr
Trivandrum: 65.77 Rs/Ltr
Hyderabad: 66.22 Rs/Ltr
Pune: 66.59 Rs/Ltr
Vizag: 67.24 Rs/Ltr
Mumbai: 67.96 Rs/Ltr
------

AJITHAAA · 6th April 2016, 09:15

I am sure the government was not banking on the crude oil price drop to announce the grand infra projects in the budget. What was the actual plan for the infra projects and if there was a plan then where is that money now?
Remember reading a post on this forum that the money the government makes of this crude price fall is negligible. If so then why not pass on that negligible bit of relief to the people.
With the crude oil price at this historical low, food prices are at the gargantuan high what will be our fate when the oil prices rise.
We had a lesson in our Hindi text in High school titled 'Andher Nagri, Choupat Raja'. Get the feeling that we are part of that lesson now and would add to the title 'Andher Nagri, Choupat Raja, Gadha Praja'.

tharian · 6th April 2016, 10:01

Bangalore special.

Prices set to increase or have already increased in response to the transporters strike.
What I could not understand was that the trucks will now use a longer route via Hoskote which is what they were already using . Because of the longer route, the extra charges will be taken by oil companies till the exisiting roads are done up and the charges will be passed on to the customers.

http://www.deccanheraldepaper.com/

ramzsys · 6th April 2016, 10:34

Too bad these minimal price hikes won't take much vehicles off our road. sigh.

romeomidhun · 6th April 2016, 10:40

Quote:

Originally Posted by AJITHAAA

I am sure the government was not banking on the crude oil price drop to announce the grand infra projects in the budget. What was the actual plan for the infra projects and if there was a plan then where is that money now?

Please don't believe all those modified reasons by governments. And I don't think they are building a reserve for the high prices in the future. If the crude prices go up, they will surely jack up the prices accordingly. Otherwise, why they are increasing now?

This is a talk-everything-do-nothing era.

sgiitk · 6th April 2016, 22:18

Quote:

Originally Posted by romeomidhun

Please don't believe all those modified reasons by governments. And I don't think they are building a reserve for the high prices in the future. If the crude prices go up, they will surely jack up the prices accordingly. Otherwise, why they are increasing now?

I think the OMCs are collecting cash to fund the Euro-VI refineries. I am told that 60% of refineries have to be essentially scrapped for Euro-VI.

balajisv · 7th April 2016, 01:04

Quote:

Originally Posted by sgiitk

I think the OMCs are collecting cash to fund the Euro-VI refineries. I am told that 60% of refineries have to be essentially scrapped for Euro-VI.

If that happens to be the real motive of OMCs, I'm gladly willing to pay more to enable them to upgrade to EURO-VI standards.
It would translate to lower and cleaner emissions.

ghodlur · 7th April 2016, 08:21

Quote:

Originally Posted by mohammedismail

Looks like there is a Petition started already by Change.Org but it needs 16K+ more people to sign the petition to reach the goal!

Click HERE to sign the Petition!

I have done my bit by signing the petition and not just keep hanking about the injustice. I have also registered on the pgportal and dropped a grievance against the ministry of petroleum. I have also written to a few of my friends in the media (paper) requesting them to highlight this issue.

lurker · 7th April 2016, 09:29

Quote:

Originally Posted by sgiitk

I think the OMCs are collecting cash to fund the Euro-VI refineries. I am told that 60% of refineries have to be essentially scrapped for Euro-VI.

I don't think so.

regards

sgiitk · 7th April 2016, 11:09

@lurker; The 60% plus scrap is from the author of the IITK report. Remember I am ex-IITK.

5th April 2016, 15:45	#5416
greatgyan BHPian Join Date: Oct 2015 Location: Bangalore Posts: 88 Thanked: 200 Times	Re: The Official Fuel Prices Thread Now this is turning into an unethical practice by both the government and the oil cos. First, the government doesn't pass on the entire benefit of the fall in crude oil prices to the citizens, keeps increasing excise duty, and now, the oil cos. increase prices substantially even though the rupee has strengthened over the $ by about 1.5 during the past fortnight and crude oil prices have remained under 40$/barrel. (last i heard, it was around 37$/barrel). Seriously unethical.
	(7) Thanks

5th April 2016, 16:25	#5417
ghodlur Senior - BHPian Join Date: Sep 2009 Location: Thane Posts: 6,010 Thanked: 4,200 Times View My Garage	Re: The Official Fuel Prices Thread Illogical price hikes by the oil cos. This goes to show that the fuel prices are indirectly controlled by the central govt and the oil ministry. The only way to protest against such practice is to write a grievance in the http://pgportal.gov.in/GrievanceNew.aspx Although a surprising move by the oil cos (indirectly by the govt) considering this is the election season or is it that the govt has assumed they will come to power in all those states and hence the rise in prices?
	(2) Thanks

5th April 2016, 16:39	#5418
mohammedismail BANNED Join Date: May 2012 Location: https://t.me/pu Posts: 467 Thanked: 1,273 Times	Re: The Official Fuel Prices Thread The problem is no body is fighting against these illogical hikes. Everyone thinks that it is small money and it hardly matters and move on. But if I calculate from the last 2 hikes I get 1 litre petrol LESS every time I full tank my Bike, that difference is huge and I'm just talking about the bike and not a Car! For a car multiply by 3 or 4 times! I think there should be some sort of petition to sign and fight against these Illogical hikes! Saying things like we will use this money for infrastructure development is a pure SCAM by this Government!
	(3) Thanks

5th April 2016, 18:45	#5419
mohammedismail BANNED Join Date: May 2012 Location: https://t.me/pu Posts: 467 Thanked: 1,273 Times	Re: The Official Fuel Prices Thread Looks like there is a Petition started already by Change.Org but it needs 16K+ more people to sign the petition to reach the goal! Click *HERE* to sign the Petition!
	() Thanks

5th April 2016, 20:46	#5420
saurabhkum BHPian Join Date: May 2007 Location: Mumbai Posts: 479 Thanked: 115 Times	Sometimes I feel that all the good work done by earlier government in terms of de-regulation of fuel prices have been misused. They took the bold step of price freedom just to work what is good for economy and country as whole. When crude prices go down the taxes go up and when crude prices go up then the retailing fuel price go up.
	(1) Thanks

6th April 2016, 09:15	#5422
AJITHAAA BHPian Join Date: Jan 2008 Location: Bangalore Posts: 215 Thanked: 543 Times	Re: The Official Fuel Prices Thread I am sure the government was not banking on the crude oil price drop to announce the grand infra projects in the budget. What was the actual plan for the infra projects and if there was a plan then where is that money now? Remember reading a post on this forum that the money the government makes of this crude price fall is negligible. If so then why not pass on that negligible bit of relief to the people. With the crude oil price at this historical low, food prices are at the gargantuan high what will be our fate when the oil prices rise. We had a lesson in our Hindi text in High school titled 'Andher Nagri, Choupat Raja'. Get the feeling that we are part of that lesson now and would add to the title 'Andher Nagri, Choupat Raja, Gadha Praja'.
	(3) Thanks

6th April 2016, 10:01	#5423
tharian Senior - BHPian Join Date: Dec 2011 Location: SBC Posts: 3,986 Thanked: 8,040 Times View My Garage	Re: The Official Fuel Prices Thread Bangalore special. Prices set to increase or have already increased in response to the transporters strike. What I could not understand was that the trucks will now use a longer route via Hoskote which is what they were already using . Because of the longer route, the extra charges will be taken by oil companies till the exisiting roads are done up and the charges will be passed on to the customers. http://www.deccanheraldepaper.com/ Attached Thumbnails
	() Thanks

6th April 2016, 10:34	#5424
ramzsys Senior - BHPian Join Date: Dec 2006 Location: NH209 Posts: 1,775 Thanked: 1,462 Times	Re: The Official Fuel Prices Thread Too bad these minimal price hikes won't take much vehicles off our road. sigh.
	() Thanks

7th April 2016, 11:09	#5430
sgiitk BANNED Join Date: Dec 2007 Location: Gurugram Posts: 7,969 Thanked: 4,788 Times	Re: The Official Fuel Prices Thread @lurker; The 60% plus scrap is from the author of the IITK report. Remember I am ex-IITK.
	() Thanks