[redcruiser]

Is there a 2000 Rs limit for fuel as well?

[sgiitk]

Originally Posted by redcruiser

Is there a 2000 Rs limit for fuel as well?

I do not think so. I just remembered when the UK switched to Unleaded petrol the price was kept 0.5p per litre cheaper than leaded stuff. There was a near stampede of people wanting to use unleaded in their (older) cars. Did it really matter, no, my usage was about 100 litres per month, so I would have saved all of 50p a month!

It is the mindset which matters.

[nitinralli]

Originally Posted by Zappo

Of course where your bank has a special arrangement to waive off this surcharge in certain cases (like ICICI Bank has in HP pumps for ICICI EDC machines, or HDFC has in some of its cards for all fuel refills at all bunks between a certain limit) they will remain so under this new move.

To add to it, Citibank has Indian Oil card which does not charge single paisa. I have been using this card from last 10 years or so and i end up getting 5/6k rupees petrol free every year because of reward points.

So its always better to have these CC which do not charge this surcharge. On top of it, now thanks to Modi, you can save .75% more by using it

[Jaggu]

Originally Posted by joslicx

I've been using my credit card to pay for petrol for at least 10 years now. Have never been asked for any 2% extra to the best of my knowledge.

I also thought so, till fellow mod Vidyut pointed out, the bill vs credit card statement had surcharge added. Since i was using SBI card which waives the charges, i was getting refund all the while (shown separate when i look at the statement). Which i thought was cess waiver, which was not the case. I have an IOC citibank card also, next i will use and see how it works.

[volkman10]

Get ready to pay more for fuel

Analysts said state oil marketing companies may need to raise petrol and diesel prices by up to Rs 6 per litre when they review global fuel rates on December 15

Link

[nitinralli]

Originally Posted by volkman10

Get ready to pay more for fuel




Link

So will this increase happen today midnight or later in the month? I didnt see any update in news about any change in prices today, or did i miss something?

[volkman10]

Originally Posted by nitinralli

So will this increase happen today midnight or later in the month? I didnt see any update in news about any change in prices today, or did i miss something?

Final outcome will be known soon, Govt. asks for soft pedaling the anticipated hike.



Link

[S_U_N]

I have just filled up Rs. 1500 of petrol via my HDFC credit card (which generally gives me back the surcharge, minus the service tax).
I am looking forward to the 0.75% discount. :P

Petrol was 71.09 per liter in Pune city.

[JD1]

On Sunday the 2 normal stores that I visited had card not working issues - later found out that they were attributed to cyclone. Today when I visited my neighbourhood BP station (honest station) at 9 pm - they too said card payments not working. And ofcourse they denied having any change (so basically fill for exact cash payment). I asked for complaint book and they immediately agreed to fill and gave change (it helped that my bill came to 1700 something so was easy to get change of 2000).
This is in Bangalore - has anyone else experienced card issues today at pumps? I wasn't sure if they were doing mischief in anticipation of hike.

[romeomidhun]

Originally Posted by sgiitk

In free market driven pricing, when will be come out of the impression that prices are state driven. Only as far as the taxation. Transparency, ask IOC / BP/ HP!

Originally Posted by volkman10

Final outcome will be known soon, Govt. asks for soft pedaling the anticipated hike.

Attachment 1585168

Link

Sgiitk, can you still claim that the pricing is not dependant on govt policies / pressures?

[drmohitg]

^^ Things will never change in India. All this deregulation talk is just plain hogwash. The government decides the prices and without their approval, not even a paisa can be increased or decreased. And this is not the first time either that it is happening. During elections too, prices were always kept stable or decreased post deregulation claim. I do not think they will increase the prices anytime soon since the government is already battling the demonetization fiasco at present and would not want to increase their troubles.

[bullrun87]

With the government facing flak due to demonatization and a wasted winter session, the fuel price hike has been deferred.

http://indianexpress.com/article/bus...erred-4430002/

[vin_b]

Petrol up by 2.21 and Diesel by 1.79. When will GoI start reducing the inflated excise duty on fuels

[dass]

Originally Posted by vin_b

When will GoI start reducing the inflated excise duty on fuels

I don't think they will do this for the next 2 years. Probably they may think about doing this just before the next general election. Till then

[khoj]

Petrol increased by ₹2.84 & Black Oil by ₹2.11 per litre in Dilli per toi.in