[ABHI_1512]

Originally Posted by volkman10

Politics to the core:

Petrol prices not coming down as states don't want it under GST: Minister

And I was wondering when would this statement be made by some minister, better late then never !! Hoodwinking people has got a new name now- Politics

Fuel prices have now turned into an organised way of taking money from the general public (to put it gently) and no one really bothers. In fact, as I am typing this, I will be glad if moderators delete my post citing irrelevance !!

[IamNikhil]

Have given up any hope of the petrol prices coming down in the near future. All statements by all politicians are pure BS!

[PGA]

Any pointers to understand this graph, or it finally indicates the elastic value of fuel at this level

[discoverwild]

Another day, another hike. It's business as usual.

https://www.thehindu.com/business/Ec...le36788288.ece

[twinblades]

Originally Posted by PGA

Any pointers to understand this graph, or it finally indicates the elastic value of fuel at this level

I am very surprised that diesel consumption is so far ahead of petrol. Is this because the number of commercial vehicles is a lot more that private?

[sunilch]

Originally Posted by twinblades

I am very surprised that diesel consumption is so far ahead of petrol. Is this because the number of commercial vehicles is a lot more that private?

This has been the case forever. Petrol is used for only and only personal vehicles and that too the 50-60% that we buy. Rest all modes of transport are by Diesel - including ships, trucks, etc. Commercial applications such as power backups, generators, industrial pumps, etc all too use Diesel only. Diesel vehicles run a lot too.

Diesel will always remain high in consumption.

[PGA]

Originally Posted by twinblades

I am very surprised that diesel consumption is so far ahead of petrol. Is this because the number of commercial vehicles is a lot more that private?

Average diesel consumption of broad categories is as given below,

Trucks and buses 5 +4 -2 kmpl
Tractors and gensets 5+ 3 - 1 ltr per hour
Earthmoving machinery, JCBs etc 12 + 3 -2 ltr per hour
Locomotives 15+8 - 2 kmpl

Fuel consumption of abovementioned machinery varies heavily with onload and offload running, economic viability is when this equipment is run on load so one can get idea of fuel consumed and resultant inflationary impact of raised prices. Since there is a limit that this additional cost can be passed on to the consumer, operators are compressing themselves to stay in the game.

[anb]

Petrol prices didn't reduce when crude oil prices reduced from 75 to 65 dollars. Now the petrol prices started increasing when crude oil prices going above 75 dollars. More over these oil companies made record profits last year. It's high time to change the dynamic fuel pricing system in India.

[Venkatesh]

Diesel crosses Rs 99 a litre in Mumbai – now just 83 paise short of hitting a century. Becomes costlier by Rs 1.33 a litre in first 6 days of October.



Source

[airbus]

Bengaluru rates today:

Petrol: ₹106.52

Petrol XtraPremium: ₹110.87

Diesel: ₹97.03

[LonelyPlanet]

With elections in key states coming up, i expect that there will be a fall in the prices (taxes) coming soon.

[DigitalOne]

If you were in India, dear Archie and Betty, you would have to wait for eternity

[IamNikhil]

Petrol has crossed 108/- in Mumbai. Elections, please come soon!

[Akshay6988]

I filled in petrol at 109.65 ₹ here in Maharashtra. It's hopeless to think petrol prices will be reasonable anytime soon as long as incompetent people hold the powers. We don't want fuel at cost price, we just want it at a reasonable price. Those who are jumping on to the EV bandwagon, enjoy few years till someone from this goverment comes up with another stupid idea to charge higher rate of electricity for EVs. As far as media's concern, the common man is dead for them since 2019. We can just bear the grunt and hope for better things to come post 2024. The less I say about how and where our honest tax payer's tax money is going, the better.
PS - In other news household LPG prices were increased by ₹15 and CNG by ₹2
- CC - MSIL, maybe not so good idea to bet on CNG vehicles ?

[IamNikhil]

Originally Posted by Akshay6988

PS - In other news household LPG prices were increased by ₹15 and CNG by ₹2
- CC - MSIL, maybe not so good idea to bet on CNG vehicles ?

The rate at which CNG prices are being hiked, the very benefit of having/converting CNG vehicle is reducing by the day for sure. Better to adopt an EV than a CNG vehicle judging how things are shaping up.

It won't be surprising if govt hikes electricity rates once the market trends shift toward EV; considering the massive increase that will take place in the demand for power.

Any government is only worried about it's own pockets, not those of it's citizens.