Team-BHP > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 23rd March 2021, 19:13   #7126
BHPian
 
Join Date: Dec 2014
Location: Chennai
Posts: 440
Thanked: 1,031 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by RJK View Post
The Oil minister‘s statements are truly appalling, to the point where he thinks all of us are collective bunch of idiots.
The Oil Minister lieing with a straight face was pathetic to see and a real shame. It was as if he perceives the 1.4 billion to be all dumb folks who have no idea that oil prices reached historic lows and are still low at 80$ , for petrol to sell at 100 rupees.

Quote:
Originally Posted by condor View Post
Even basic numbers like number of km's road constructed per day itself should give you an idea.
Boss, 90% of projects constructed are on BOT basis where the loan is borrowed , to be paid by the general public with tolls . The government doesn't make any net contribution. And the common man again suffers with expensive toll charges.

Last edited by GTO : 26th March 2021 at 07:07. Reason: Quoted post edited
Ragavsr is offline  
Old 23rd March 2021, 19:18   #7127
Senior - BHPian
 
Join Date: Mar 2007
Location: Kolhapur
Posts: 1,596
Thanked: 1,067 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by condor View Post
Even basic numbers like number of km's road constructed per day itself should give you an idea.
Not really a good measure. Kms of road is not the only thing in infra. You can have one govt which spent 200 rs on infra but spent in 5 things - so perhaps Rs. 40 on each kind of infra. Another govt which spent 80 on Roads but only 20 on all other kinds of infra put together.

Much better would be if you can back up what you claimed - more being spent on infra - is it really proportionally more.

Last edited by vb-san : 26th March 2021 at 09:17. Reason: Quoted post has been edited for being rude (and removing the deleted quoted part)
carboy is offline   (9) Thanks
Old 24th March 2021, 09:28   #7128
Senior - BHPian
 
Join Date: Mar 2007
Location: Kolhapur
Posts: 1,596
Thanked: 1,067 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by M00M View Post
Yes economy globally was slowing down
No, we slowed down much before the global economy.
Quote:
Originally Posted by M00M View Post

The freebies that everyone demands and protests and sits on dharna and gets, needs to stop.
Yeah, Some 35,000 crore farmer loan waiver in UP by Yogi. 35,000 crore farmer loan waiver in Maharashtra by Fadnavis. This really needs to stop. I think WB manifesto by BJP now even includes subsidised electricity.

Last edited by carboy : 24th March 2021 at 09:29.
carboy is offline  
Old 24th March 2021, 12:31   #7129
Senior - BHPian
 
Join Date: Nov 2009
Location: Bangalore
Posts: 1,311
Thanked: 1,392 Times
Default Re: The Official Fuel Prices Thread

In today's newspaper, fuel price expected to come down by Rs. 2/- due to falling crude prices from $68 to $64. Front page news.
Page 3 news. OMCs losing Rs.4/- per liter due to stagnation of prices due to upcoming elections in several states.
So What can we expect in the coming days?
wildsdi5530 is offline   (4) Thanks
Old 24th March 2021, 14:20   #7130
Newbie
 
Steppenwolf1978's Avatar
 
Join Date: Feb 2019
Location: New Delhi
Posts: 12
Thanked: 32 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by Garth View Post
I think the lack of a serious and effective opposition in our country is so apparent at the moment. This has gone to a point that is not at all funny any longer.

They keep blabbering some new thing every time someone asks them about the fuel prices.
hello,

I dont think the opposition is lacking in any manner. The problem is the blanket ban on reporting about them by the media. You can see their activity when they are making a baffoon out of themselves but when they say anything usefull, you wont hear or see them.

Take for example, last february i.e. 2020 Rahul Gandhi said that because of Covid Economy & Health services are going to suffer, we have to make preparations, did any news outlet give it importance?

I am in no way a follower of any political party, but cannot unsee the reality.

cheers.
Steppenwolf1978 is offline   (6) Thanks
Old 24th March 2021, 16:04   #7131
BANNED
 
Join Date: Jan 2021
Location: Coimbatore
Posts: 26
Thanked: 15 Times
Infractions: 0/1 (5)
Default Re: The Official Fuel Prices Thread

https://timesofindia.indiatimes.com/...w/81656414.cms

Some Positive news in the last few months!
jayendra is offline  
Old 24th March 2021, 16:38   #7132
Distinguished - BHPian
 
ashis89's Avatar
 
Join Date: Aug 2011
Location: Bengaluru
Posts: 2,632
Thanked: 6,033 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by jayendra View Post
https://timesofindia.indiatimes.com/...w/81656414.cms

Some Positive news in the last few months!
Quote:
Originally Posted by wildsdi5530 View Post
In today's newspaper, fuel price expected to come down by Rs. 2/- due to falling crude prices from $68 to $64. Front page news.
Page 3 news. OMCs losing Rs.4/- per liter due to stagnation of prices due to upcoming elections in several states.
So What can we expect in the coming days?
The article says that a fall in crude price to $64 could lead to a price cut of Rs.2 per litre of fuel.

Also says that OMCs are 'losing' Rs.4 per litre of fuel due to frozen prices of fuel because of the upcoming elections. And that the OMCs would 'breakeven' when oil falls to $62 per barrel.

To me it feels like a junk article to fill some space on the paper. The way I understand, OMCs can't change the prices right now due to upcoming elections and they have been incurring losses. As in the past, after elections the OMCs raise prices as per the current crude oil price and then some more, to recover the losses they incurred in the past.

In this case, if oil prices fall below $62 (breakeven crude price for the current petrol/diesel prices) by the time the elections end, we might see some relief in the fuel prices. Or the govts. stop being greedy and cut some cess and VAT rates.
ashis89 is offline   (2) Thanks
Old 24th March 2021, 19:27   #7133
Distinguished - BHPian
 
Join Date: Sep 2008
Location: DL9C
Posts: 3,073
Thanked: 4,354 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by wildsdi5530 View Post
OMCs losing Rs.4/- per liter due to stagnation of prices due to upcoming elections in several states.
So What can we expect in the coming days?
Quote:
Originally Posted by ashis89 View Post
Also says that OMCs are 'losing' Rs.4 per litre of fuel due to frozen prices of fuel because of the upcoming elections.
Oh the irony!

Fuel is long deregulated, we don't fiddle with the prices anymore.
Dry Ice is offline   (4) Thanks
Old 24th March 2021, 21:26   #7134
Newbie
 
Join Date: Dec 2020
Location: MH12
Posts: 5
Thanked: 40 Times
Default Re: The Official Fuel Prices Thread

I have slightly different opinion here. Please don't hate me

Let's accept one fact that government needs money to run the country.

How many autowallas, transporters or local vendors do we know that pay their income taxes honestly given that they have eligible income for taxation? Heck people do cash transaction for this very purpose of avoiding taxes. (I am not generalizing, but very few people pay taxes if it's not for TDS)

Assume petroleum products are brought under GST and petrol becomes 55 Rs/Litre. Everyone is happy. Yay!
We are forgetting that to recover the lost money, government will find some other way! They would end up having no choice but to do so.

Now I belong to the category of people paying 30% taxes, so as most of the others on this forum. What if we are suddenly asked to pay 40% to recover the deficit? Will that be feasible? No! Why should less than 2% of taxpayers take care of entire nation?

At least when government is getting these indirect taxes from petroleum products, everyone HAS TO pay it, no one can avoid even if they want.
I am okay to fill petrol at whatever rate given that every other person is also filling at the same rate.

If you don't believe me, just wait till EVs become mainstream. Govt will have to recover money from elsewhere by taxing whatever they can. I just hope honest taxpayers would be last on their list.

Again, this is my opinion, you may or may not agree with it.
abhijeetd_swift is offline   (5) Thanks
Old 25th March 2021, 11:12   #7135
Senior - BHPian
 
Venkatesh's Avatar
 
Join Date: Feb 2020
Location: Hyderabad
Posts: 4,038
Thanked: 15,566 Times
Default Re: The Official Fuel Prices Thread

Petrol and diesel prices cut for the first time in a year by a few paise a litre.

Name:  20210325_111020.jpg
Views: 1266
Size:  40.3 KB

Source
Venkatesh is online now   (1) Thanks
Old 25th March 2021, 13:02   #7136
Senior - BHPian
 
harry10's Avatar
 
Join Date: Jul 2008
Location: Faridabad/Delhi
Posts: 2,494
Thanked: 1,691 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by Venkatesh View Post
Petrol and diesel prices cut for the first time in a year by a few paise a litre.

Attachment 2136778

Source
A 40 paise cut. Wow. Someone must have accidentally pressed cut than increase so let me do the tank full before it starts increasing again from tomorrow

Last edited by harry10 : 25th March 2021 at 13:03.
harry10 is online now   (1) Thanks
Old 25th March 2021, 15:48   #7137
BHPian
 
M00M's Avatar
 
Join Date: Apr 2010
Location: Mumbai
Posts: 730
Thanked: 897 Times
Default Re: The Official Fuel Prices Thread

I dont understand why personal pot shots are required. We are all having a civilised debate, just stick to the points. Do you even know if some of us are Economists / Lawyers / Tax Consultants ? How would you know or not know if i or anyone else is one of these above and i am sharing my views based on my research and my analysis or anyone else. Kindly refrain from such personal attacks.


Quote:
Originally Posted by Ragavsr View Post
The Oil Minister lieing with a straight face was pathetic to see and a real shame.

Boss, 90% of projects constructed are on BOT basis where the loan is borrowed , to be paid by the general public with tolls . The government doesn't make any net contribution. And the common man again suffers with expensive toll charges.
The GOV does make a contribution and provides the bridge loan and loan guarantees that are required in such projects and the contributions etc are recovered using these tolls. Oil Minister and FM think theyre trying to pull a magic trick on all of us regarding their irresponsible statements.


Quote:
Originally Posted by carboy View Post
No, we slowed down much before the global economy.
Our economy is still better than western economy, we are far better than others in the world order right now, just need to stay focussed and keep unnecessary expenses and corruption at bay.

Quote:
Originally Posted by abhijeetd_swift View Post
I have slightly different opinion here. Please don't hate me
Thank you for your opinion. Theres no need to hate you, you are an individual and entitled to your views. I agree with you, they will recover it from somewhere else, maybe even raise electricity charges when EV become mainstream, wait and watch.

Quote:
Originally Posted by harry10 View Post
A 40 paise cut. Wow. Someone must have accidentally pressed cut than increase so let me do the tank full before it starts increasing again from tomorrow
Haha. Someone indeed pressed cut by mistake it seems. Time to tank up.

Last edited by GTO : 26th March 2021 at 07:08. Reason: Quoted post has been edited for being rude
M00M is offline   (2) Thanks
Old 25th March 2021, 21:33   #7138
Senior - BHPian
 
Mortis's Avatar
 
Join Date: Mar 2011
Location: Mumbai
Posts: 1,068
Thanked: 938 Times
Default Re: The Official Fuel Prices Thread

I guess now is the best time to buy and use an electric car. Once they start becoming mainstream, there's no way the government isn't going to move them to a higher tax bracket and charge more for electricity.
Mortis is offline  
Old 25th March 2021, 23:24   #7139
BHPian
 
ABHI_1512's Avatar
 
Join Date: Feb 2020
Location: Calcutta
Posts: 513
Thanked: 5,100 Times
Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by abhijeetd_swift View Post
Why should less than 2% of taxpayers take care of entire nation?
Firstly, everyone is paying taxes across the spectrum and no, less then 2% of taxpayers are not responsible for the entire nation. At the cost of sounding repetitive in this very thread, direct taxes affect few but indirect taxes affect everybody and anybody.

Someone is taxed at 30% because that someone earns to that extent to fall in the slab. Of course it pinches but then one still can live a decent life despite paying the taxes. Now think of the auto wala or the rickshaw wala who doesn’t earn that much but still has to pay the same indirect taxes that a well off person pays too. Isn’t that a travesty ?

Off late, I have been hearing this very often that government needs money and that money has to come from the sale of petroleum products only !! Wonder how the previous governments functioned and where did they got the money to run a country !! The cascading effect of high fuel prices engulfs all and sundry and they all are contributing to the kitty of the government.

As I always say, deregulation of fuel prices is the biggest joke in this country and we, despite knowing this happily go around and think that we are paying because the crude prices are high !!

And now, election time and brain freeze time on the part of the fuel retailers

P.S- Nobody hates anybody here for having an opinion.

Last edited by ABHI_1512 : 25th March 2021 at 23:26.
ABHI_1512 is online now   (8) Thanks
Old 2nd May 2021, 17:26   #7140
AZT
BHPian
 
Join Date: Nov 2019
Location: Bombay
Posts: 508
Thanked: 1,892 Times
Default Re: The Official Fuel Prices Thread

Petrol prices have been static for 17 days. With state elections over expect prices to start increasing now. This silly cycle needs to end, govt takes us for idiots.

The Official Fuel Prices Thread-b1f20d7629604393acbbb6e1d5bb0c33.jpeg
AZT is offline   (9) Thanks
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright 2000 - 2021, Team-BHP.com
Proudly powered by E2E Networks