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Old 24th April 2017, 13:30   #5896
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Default Re: The Official Fuel Prices Thread

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Originally Posted by PetrolRider View Post
They say it is a drought tax, not sure drought due to lac of rain or spirit.

If it is indeed a drought tax, why only on petrol? Even after de regularization of diesel, taxes make sure there is a huge margin between Petrol and Diesel, may be interest lies elsewhere.

In fact, when the Draught Tax (of 2 ₹) was first implied, it was proposed for 2 yrs only.. Now the period is over by another year & there is NO Draught in the State also..

But, the Tax still remains..
As a matter of fact, Govt needs to collect revenue by this or that way..
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Old 24th April 2017, 13:54   #5897
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Default Re: The Official Fuel Prices Thread

It seems that as per the box Mumbai has the honor of having the costliest fuel in India.

So Mumbaikars should rejoice. (?)
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Old 24th April 2017, 14:15   #5898
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Hope, it's not just out of recovery of the LOST revenue in Spirit due to 500 mtr rule..
One of the idiotic reasons stated by the state govt as read in the newspapers to hike the VAT on petrol was to compensate for the loss of tolls when PWD and MSRDC scrapped a few state levied tolls.

Now with the Pune Expressway toll scrapping in midst of heat due to public litigation filed, it would not be a surprise if the VAT on fuels is further increased to compensate for the loss here too.
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Old 28th April 2017, 00:17   #5899
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Default Re: The Official Fuel Prices Thread

The fuel prices may go down in view of ₹ being stronger this fortnight..

My speculation is, it will be 1.5- 2 ₹ down for both (if won't be even more than that.)


Plz note, it's just a speculation only..
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Old 30th April 2017, 21:29   #5900
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Default Re: The Official Fuel Prices Thread

Petrol up by 1 paisa litre and Diesel up by 44 paisa litre.

Petrol in Delhi is now at Rs 68.09 while diesel Rs 57.35 a litre.
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Old 3rd May 2017, 15:23   #5901
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Default Re: The Official Fuel Prices Thread

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Petrol in Delhi is now at Rs 68.09 while diesel Rs 57.35 a litre.
For Diesel, which is cheaper - Delhi or Gurgaon/Haryana ?
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Old 3rd May 2017, 15:32   #5902
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For Diesel, which is cheaper - Delhi or Gurgaon/Haryana ?
Delhi is cheaper in diesel and petrol in gurgaon.
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Old 3rd May 2017, 18:11   #5903
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Default Re: The Official Fuel Prices Thread

Daily dynamic fuel prices have started in Vizag city (60 filling pumps).
Today it was 72.02.
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Old 3rd May 2017, 18:37   #5904
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Default Re: The Official Fuel Prices Thread

In UP we are in a mess with more and more bunks being exposed. A strike by the pump owners in Lucknow did not last even a day.

I am quite sure the fraud must have some serious political backing, else this wide spread game can not survive. Watch the space for more developments.
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Old 5th May 2017, 16:55   #5905
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Default Re: The Official Fuel Prices Thread

This is an interesting article.

http://profit.ndtv.com/news/economy/...ome-topstories

Not really sure if we will see the pump prices going down in a hurry though. I wouldn't be surprised if they bump up their excise taxes again.
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Old 9th May 2017, 12:11   #5906
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Default Re: The Official Fuel Prices Thread

Petrol & Diesel prices for May 9, 2017 are given below:

Name:  dprice09052017.jpg
Views: 1069
Size:  25.4 KB

IOC
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Old 10th May 2017, 07:49   #5907
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Default Re: The Official Fuel Prices Thread

With crude down by >10% in last 30 days and Re appreciation, there should be a drop in prices, don't understand why we continue to pay high and bear the brunt of govt. inefficiencies coupled with state govts dictatorship in earning more revenues from fuel.
Highly frustrating.
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Old 10th May 2017, 08:00   #5908
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Default Re: The Official Fuel Prices Thread

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Originally Posted by StallionAmit View Post
With crude down by >10% in last 30 days and Re appreciation, there should be a drop in prices, don't understand why we continue to pay high and bear the brunt of govt. inefficiencies coupled with state govts dictatorship in earning more revenues from fuel.
Highly frustrating.
A little more time, and we should be able to ride the prevailing prices every day. Be it a hike or drop in international prices. Would like to see how people will react to increases when the new system comes in.
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Old 10th May 2017, 08:41   #5909
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by Dr.Vikas View Post
The fuel prices may go down in view of ₹ being stronger this fortnight..

My speculation is, it will be 1.5- 2 ₹ down for both (if won't be even more than that.)
[/i]
Yes! it is speculated that mid of May; the fuel prices will be go down a fair bit.

Petrol - (-) Rs 1.75/- per Ltr
Diesel - (-) Rs 1.50/- per Ltr

I am availing services from Rex Fuels which keeps me updated pro-actively on the important crude commodities.

Cheers,
Amey
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Old 11th May 2017, 08:43   #5910
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by Amey Kulkarni View Post
Yes! it is speculated that mid of May; the fuel prices will be go down a fair bit.

Petrol - (-) Rs 1.75/- per Ltr
Diesel - (-) Rs 1.50/- per Ltr

I am availing services from Rex Fuels which keeps me updated pro-actively on the important crude commodities.

Cheers,
Amey
Read this today, contradicting to price cut. If this is true, then we should be expecting a hike.


Oil prices rose after Iraq and Algeria joined Saudi Arabia in supporting an extension of OPEC supply cuts and US inventories fell more than expected, said a Reuters report.
US crude rose 3.2 percent to USD 47.35 per barrel and Brent was last at USD 50.22, up 3.06 percent on the day.



Source - http://www.moneycontrol.com/news/bus...1-2276059.html
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