[S_U_N]

Saw a queue at all the bunks while returning from office. I thought that maybe there is strike tomorrow in Pune.
Now I know the reason.
Yes. ~3.4 is quite steep.

[sgiitk]

In my Ulta Pradesh the increases are ₹2.69 (Petrol), 2.29 Diesel, and 19.98 Domestic LPG Cylinder (I guess non subsidized). Only one TV channel cribbing about it. Why increase is less in UP, 'floor VAT', even though I cannot quite understand the rationale, how can value added have a floor rate.

Sounds like SAIM asking for an excise rebate on scrapping of old cars!! They are (I think) at the head of the queue asking for GST as of yesterday.

[farooq817]

Originally Posted by cs_rajesh

Hi,
Well, how did you arrive at the 1-2 Rs increase? any formula here?

I dont have any formula. It was just a feeling that I had after seeing the trend for the last few months on increase/decrease in the prices depending on the crude oil and exchange rates. And yes, I tanked up all the cars at home yesterday and saved around 400 rupees

[ptaneja]

Guys, any update for 15th ? Should I fill it up?

[joslicx]

Originally Posted by ptaneja

Guys, any update for 15th ? Should I fill it up?

crude's going down so prices could fall this time. Maybe you can wait.

[sgiitk]

Originally Posted by ptaneja

Guys, any update for 15th ? Should I fill it up?

Originally Posted by joslicx

crude's going down so prices could fall this time. Maybe you can wait.

Let us be realistic, even with a ₹3 hike maybe we are saving all of 100-150. Looking at the totality of thing it hardly matters.

[Abhi_Automobile]

Originally Posted by sgiitk

Let us be realistic, even with a ₹3 hike maybe we are saving all of 100-150. Looking at the totality of thing it hardly matters.

I didn't quite get the point. Are you suggesting it's better to wait or not?

[nitinralli]

Originally Posted by Abhi_Automobile

I didn't quite get the point. Are you suggesting it's better to wait or not?

I think what Sir is trying to say here is that, even if there is an increase in prices, you wont save much even if you get the tank full now. Doing so, you would hardly save 100-150 bucks which is any day not much of a saving, don't you think.
Unless, you have 3-4 cars and couple of gen-sets etc lying around empty tank.

[ptaneja]

Originally Posted by sgiitk

Let us be realistic, even with a ₹3 hike maybe we are saving all of 100-150. Looking at the totality of thing it hardly matters.

Originally Posted by nitinralli

I think what Sir is trying to say here is that, even if there is an increase in prices, you wont save much even if you get the tank full now. Doing so, you would hardly save 100-150 bucks which is any day not much of a saving, don't you think.
Unless, you have 3-4 cars and couple of gen-sets etc lying around empty tank.

Even with just one car, and a tankful, I would rather save 150rs right now, than filling it up on 20th. It's not that I have to take special route, get in line or so - bunk is on the way, would hardly take 5 mins, and would save me 150rs - no big deal

[joslicx]

Originally Posted by sgiitk

Let us be realistic, even with a ₹3 hike maybe we are saving all of 100-150. Looking at the totality of thing it hardly matters.

Totally agree with you. I stopped worrying about petrol prices since I started taking the bus to office. For me a tankful suffices for couple of months

On a serious note I think keeping prices in a band is a justifiable policy. People should not get used to too low prices or else they will crib lot more if high crude prices come back. The previous central govt absorbed lot of losses (to the tune of 8 lakh crores) in under recoveries. That kind of money could have modernized the entire railway system which would have benefited almost everyone. I hope that kind of situation does not arise again whereby people get subsidies to burn diesel!

[govigov]

Originally Posted by ptaneja

Even with just one car, and a tankful, I would rather save 150rs right now, than filling it up on 20th. It's not that I have to take special route, get in line or so - bunk is on the way, would hardly take 5 mins, and would save me 150rs - no big deal

Originally Posted by joslicx

Totally agree with you. I stopped worrying about petrol prices since I started taking the bus to office. For me a tankful suffices for couple of months

On a serious note I think keeping prices in a band is a justifiable policy. People should not get used to too low prices or else they will crib lot more if high crude prices come back. The previous central govt absorbed lot of losses (to the tune of 8 lakh crores) in under recoveries. That kind of money could have modernized the entire railway system which would have benefited almost everyone. I hope that kind of situation does not arise again whereby people get subsidies to burn diesel!

I agree with the both of you. Atleast, now we know that the prices will affect us on the 15th and the 30th. I have to travel daily, and if I know that the prices are going to increase, then there is no harm in tanking up. The pump is on my way to office, and no detour is required. I certainly will not stand in queue.

Any educated guesses on what the prices are going to be? I think a less than a rupee drop / Liter may happen this time.

[vin_b]

Originally Posted by govigov

Any educated guesses on what the prices are going to be? I think a less than a rupee drop / Liter may happen this time.

The average Indian Crude basket for last 15 days has reduced compared to previous fortnight, so I too feel that there would be marginal reduction in fuel price not more than rupee

[amalji]

I'm not sure whether this is the right place to post.
But, I've been getting 10% discount on Fuel fills for the last few months when I fill it via Mobikwik on an Indian Oil Pump near Koramangala Sony Signal ( towards Ejipura side ).

These are the rules.

• Maximum amount per month is 2100 per mobikwik account. If you have more than that requirement, fill it with another person's mobikwik account.
• Per transaction cashback can only be 10% of the total bill or 70 INR whichever is lesser. So, what I do is to pay in 3 shots ( 700 INR payments each with a 1 minute break in between ). You can also choose to alternate between 2 different Mobikwik accounts for this.
• There is zero transaction charge

[sumzup]

There could be a very small downward revision if at all, IMHO it could just be status quo

[sgiitk]

Originally Posted by vin_b

The average Indian Crude basket for last 15 days has reduced compared to previous fortnight, so I too feel that there would be marginal reduction in fuel price not more than rupee

Unfortunately, it is not the crude basket alone which decides what we pay. It is something called International Price Parity. I guess it is the actual trade price of the fluid.