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Old 27th May 2021, 12:19   #7171
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Re: The Official Fuel Prices Thread

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Originally Posted by batish View Post
Since last year the price in my city has increased by about 23 Rupees per litre.
.
Rs.13 increase happened in a single day, on 6th May 2020.

https://www.thehindu.com/business/Ec...le31513415.ece
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Old 27th May 2021, 12:33   #7172
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Re: The Official Fuel Prices Thread

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Originally Posted by batish View Post
Since last year the price in my city has increased by about 23 Rupees per litre. A single refill has gone up by 1000, which lasts around a week. Considering the monstrous recession and elections ahead, the government should roll back the duties to where it were in February 2020.

COVID has hurt everybody, nobody is in their glory except for a handful of industrialists. Every increase in the price is like rubbing salt into the wound of common *helpless* man.

This too from the same set of idiots, who used to protest with donkeys.

OT, government is collecting road cess from fuel. We're paying road tax and tolls too. So basically we're paying for a single product in three different forms? *sigh*

Now a days Petrol Pumps as basically tax collection centers which also sell petrol and diesel.
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Old 27th May 2021, 12:35   #7173
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Re: The Official Fuel Prices Thread

Petrol crosses ₹100/litre in Thane, hits ₹99.94 in Mumbai.

Quote:
In Thane, petrol now comes for ₹100.06 a litre and diesel comes for ₹91.99 per litre

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Last edited by volkman10 : 27th May 2021 at 12:36.
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Old 29th May 2021, 09:58   #7174
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Re: The Official Fuel Prices Thread

Petrol now costs costs Rs 100.19 a litre in Mumbai.

Quote:
Since January 1, 2021, when petrol cost Rs 90.30 a litre, it has risen by 9.89 a litre. And since April 2020, when the BS VI era kicked in, it has become more expensive by Rs 24.91 a litre.

Motorists in three other metros cities – Delhi, Chennai and Kolkata – pay Rs 6.25, Rs 4.68 and Rs 6.22 a litre less respectively than their counterparts in Mumbai
The Official Fuel Prices Thread-p.jpg


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Last edited by volkman10 : 29th May 2021 at 10:00.
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Old 29th May 2021, 12:23   #7175
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Re: The Official Fuel Prices Thread

An article in Bangalore Mirror about rising fuel prices. Request to reduce the taxes which is 2.5%.

The Official Fuel Prices Thread-whatsapp-image-20210529-10.44.05-am.jpeg
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Old 29th May 2021, 14:46   #7176
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Re: The Official Fuel Prices Thread

Why do all the articles in media have the same rhetoric, "The price of petroleum products are benchmarked to international product prices"? Anybody who reads any fuel related article knows this.

We don't need to be reminded this everytime. What we need to know is why are these prices not benchmarked around elections? Why and how do the companies absorb the fluctuations then?
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Old 29th May 2021, 14:52   #7177
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Re: The Official Fuel Prices Thread

How to have your cake and eat it too?

Quote:
The government, which is selling its entire 52.98 per cent stake in BPCL, will get Rs 6,665.76-crore plus dividend distribution tax
https://www.telegraphindia.com/busin...re/cid/1816854
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Old 29th May 2021, 16:06   #7178
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Re: The Official Fuel Prices Thread

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Originally Posted by volkman10 View Post
Petrol crosses ₹100/litre in Thane, hits ₹99.94 in Mumbai.
There was a WhatsApp forward for this. It is Mumbai's tribute to Donald Bradman.
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Old 31st May 2021, 17:48   #7179
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Re: The Official Fuel Prices Thread

Driving a vehicle in Mumbai is now costlier than it is to drive it in New York - HT Auto

The Official Fuel Prices Thread-194037194_350597529731383_4234653721009236947_n.jpg
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Old 1st June 2021, 10:33   #7180
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Re: The Official Fuel Prices Thread

First fuel price hike of June kicks in:

Quote:
With today’s price increase, the petrol in Mumbai is costlier by 53 paise a litre atRs 100.72 and diesel by 52 paise at Rs 92.69 a litre. In the past 26 days, petrol has become costlier by Rs 3.60 a litre and diesel by Rs 4.50 a litre.
The Official Fuel Prices Thread-1.jpg

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Last edited by volkman10 : 1st June 2021 at 10:35.
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Old 12th June 2021, 16:52   #7181
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Re: The Official Fuel Prices Thread

Karnataka sees petrol at ₹ 100/litre.

- Karnataka becoming the 7th state to record ₹ 100 a litre petrol.

- Diesel price on Saturday breached the ₹ 100 per litre mark in Rajasthan

Quote:
Karnataka got added to that list with many places in the state including Bidar, Bellary, Koppal, Davanagere, Shimoga and Chikmagalur recording over₹ 100 per litre petrol.

Petrol in the state capital Bengaluru is priced at ₹ 99.39 per litre and a litre of diesel comes for ₹ 92.27.
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Last edited by volkman10 : 12th June 2021 at 16:54.
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Old 14th June 2021, 18:14   #7182
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Re: The Official Fuel Prices Thread

https://www.business-standard.com/ar...1400436_1.html

Wholesale Inflation at 12.94%, the highest ever. I look forward to the self professed economics experts tell us how fuel prices don't have a knock-on effect on prices of other products due to depreciation, low share of basket etc.,
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Old 14th June 2021, 19:06   #7183
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Re: The Official Fuel Prices Thread

Every time I contemplate a new vehicle purchase, I'm faced with the triple-digit petrol prices. At this point, I think it makes better sense to just wait a little bit and buy an EV. The rate of interest on the loan is definitely lower than the rate of inflation and the increase in fuel prices!
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Old 18th June 2021, 10:04   #7184
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Re: The Official Fuel Prices Thread

Petrol hits a century in Bengaluru

Petrol price crossed the Rs 100-a-litre mark in Bengaluru.

Quote:
In Bengaluru, petrol now costs Rs 100.17 a litre, whereas diesel is priced at Rs 92.97 per litre.

Records show petrol was priced at Rs 71.91 in March 2020 (Rs 28.79-increase now).
Diesel prices went up from Rs 64.41 per litre in March 2020 to Rs 92.97 now, a hike of Rs 28.56 in 15 months.

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Last edited by volkman10 : 18th June 2021 at 10:05.
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Old 18th June 2021, 10:11   #7185
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Re: The Official Fuel Prices Thread

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Originally Posted by RoadTrippin View Post
Wholesale Inflation at 12.94%, the highest ever. I look forward to the self professed economics experts tell us how fuel prices don't have a knock-on effect on prices of other products due to depreciation, low share of basket etc.,
Unfortunately for you, that is correct. The 12.94% inflation is a statistical artefact caused by a low base - inflation in the 12 months to May 2020 was -3.37% (negative 3.37%); so WPI inflation over the last two years averages just 4.5%. Further, WPI is not a good metric since it is influenced too much by commodity price fluctuations - CPI which is the metric people look at is also up a lot due to base effects but is just 6.8%. The fact is fuel prices donít matter unless you are a taxi operator.
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