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Old 21st October 2021, 10:32   #7456
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Default Re: The Official Fuel Prices Thread

One of the primary reasons why we are where we are is because what
earlier used to be engagement between Elected Representatives vs People has now become People (airing grievances) vs People (in defense of our representatives) while our representatives talk about how we are suffering for our past mistakes and all we do is lap it up expecting a bright future.

Unless we get back to dialogue with our representatives instead of people (justifiers ) we are going to be
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Old 21st October 2021, 21:13   #7457
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95 Percent People Donít Need Petrolí: Minister Says in Face of Record Highs

In view of the record breaking highs of petrol and fuel prices, UP minister Upendra Tiwari claimed on Thursday, 21 October, that 95 percent people do not need petrol, as there are now a handful of people who use four-wheelers and need petrol. If we compare it to per capita income, prices of petrol and diesel are very low.

https://www.thequint.com/news/india/...ter-price-hike
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Old 21st October 2021, 23:31   #7458
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If we compare the per capita incomes, petrol is 4th most expensive in Maharashtra when compared with all of Asia.
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Old 21st October 2021, 23:44   #7459
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Filled diesel at 103.34 rupees/liter.

I miss the days when I had got my first diesel car just 10 years ago and the fuel was at 45 rupees a liter.

Fuel prices trickle down to every single component in the market. From vegetable to large scale manufacturing, every thing is dependent on Fuel.

Looking at the way fuel rates are skyrocketing, it wont be long when the prices of basic necessities do so as well.
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Old 21st October 2021, 23:52   #7460
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Default Re: The Official Fuel Prices Thread

Quote:
Originally Posted by anb View Post
95 Percent People Donít Need Petrolí: Minister Says in Face of Record Highs

In view of the record breaking highs of petrol and fuel prices, UP minister Upendra Tiwari claimed on Thursday, 21 October, that 95 percent people do not need petrol, as there are now a handful of people who use four-wheelers and need petrol. If we compare it to per capita income, prices of petrol and diesel are very low.

https://www.thequint.com/news/india/...ter-price-hike
Only if someone could make these so called Ministers pay from their own pocket for fuel, electricity, gas etc. They get everything free from govt. hence they can freely speak all the rubbish which comes to mind. Disgraceful.
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Old 22nd October 2021, 00:36   #7461
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Well, lets hope they arrest the price rise sooner before "95% people can't afford petrol". Or else, they would no more be in power to pass such irresponsible statements.
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Old 22nd October 2021, 05:27   #7462
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Quote:
Originally Posted by anb View Post
95 Percent People Donít Need Petrolí: Minister Says in Face of Record Highs
Well, at least they are agreeing that within 7 years they have made 95% of the population so poor that they can't afford petrol even for two wheelers. Wasn't it last day another neta declared that once the petrol prices cross Rs. 200/-. Going triples on bikes will be made legal.

Reality is now stranger than fiction as these people say out whatever ludacris thought that comes into their mind and even stranger is that there are people who will defend this.
Government concerned should at least ensure that when selecting ministers and all that they should have a minimal count of grey cells between their ears.
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Old 22nd October 2021, 08:13   #7463
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Quote:
Originally Posted by iamahunter View Post
I miss the days when I had got my first diesel car just 10 years ago and the fuel was at 45 rupees a liter.
I'm using the same car for the last 10 years. From a tankful at ₹1600 to an eye-watering ₹3500 now.

The worst part is business taking a steep hit. Prices of raw materials and transport have gone up 30% in the last 10 months. A product that I bought in December at ₹355/sqm costs ₹475 now. Doesn't seem much, but when you see that I bought 600 sqm, the input value shoots up. Add 18% GST and transport too.

I work a niche market for the affluent folk and even they are feeling the pinch. My turnover increases, but my earnings have gone down.

Last edited by discoverwild : 22nd October 2021 at 08:23.
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Old 24th October 2021, 08:17   #7464
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Yesterday got my petrol car fueled up for 116.41/- per liter. Itís absolutely crazy for whatís going on. Things are becoming expensive like anything. Wanted to get a mattress from an acquaintance and he quoted me 12750/- a few days back. When I asked the prices again day before yesterday to finally place the order, he is saying itís 14000/- because raw material cost is constantly shooting up.
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Old 24th October 2021, 12:55   #7465
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Petrol, diesel prices increased for 5th consecutive day

With a hike of Rs 0.35 per litre, the price of petrol in Delhi increased to Rs 107.59 per litre. The price of diesel also saw a hike of Rs 0.35 in Delhi thereby amounting to Rs 96.32 per litre respectively today.

Mumbai also reported a surge in fuel prices as compared to yesterday. Petrol witnessed a hike of Rs 0.34 and now costs Rs Rs 113.46 per litre, while diesel rates sored by Rs 0.38, amounting to Rs Rs 104.38.

Read
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Old 24th October 2021, 13:13   #7466
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I find it so surprising that the Indian Govt. is requesting the OPEC to increase the supply of oil so as to control the oil prices as prices in India have gone too high. I find it so disgraceful on the part of Indian Govt. as to how can they make this demand as the Govt. has raised the taxes to almost 60%. It is like the Govt. is making a laughing stock of themselves with these demands.

I guess we will have some respite from the rising prices just before the state elections early next year. Do not see any respite before that.

Attaching the screen shot of the Diesel fuel trend from the fuel log maintenance of my car. Had bought the car in Dec 2012. Since the first lockdown have filed fuel occasionally as has been WFH.

The Official Fuel Prices Thread-screenshot_2021102413085059_b0c2496a694cd51cd6913fffd62d3733.jpg
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Old 24th October 2021, 13:42   #7467
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Filled petrol at 113.12/- yesterday in Mumbai! Literally want to fill the fuel tank with tears
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Old 24th October 2021, 16:38   #7468
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Meanwhile, in the US ...

Gas hits $7.59 a gallon in California town along Big Sur coast

https://www.dailymail.co.uk/news/art...r-average.html

That's more than 2x the price a few years ago.

About 25% increase in gas price since Biden has taken over. The US was surplus in oil production under Trump and was exporting oil. Under Biden the US is requesting OPEC to pump more oil!

I'm sure it's temporary, and gas prices in California may go down again. But looks like OPEC is indeed to share some of the blame for the situation worldwide, besides Indian govt created problem of high fuel taxes in India.
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Old 24th October 2021, 18:03   #7469
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Originally Posted by vharihar View Post
Meanwhile, in the US ...

Gas hits $7.59 a gallon in California town along Big Sur coast

https://www.dailymail.co.uk/news/art...r-average.html
The average US price is 3.38 dollars a gallon. That's 67 Rs a Litre. And most right wing states are lower. Like Texas at 3.03$ a gallon. That's 60 rupees a litre. Mississippi, Missouri, Arkansas & few others also near that. It's the left wing states which tax most. US gas prices aren't set by the Govt nor do the taxes change much.
Quote:
Originally Posted by vharihar View Post
gas prices in California may go down again.
The average gas price in California is 4.54$. California is considered the most left state in the US & has the highest taxes.

Last edited by carboy : 24th October 2021 at 18:06.
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Old 24th October 2021, 18:10   #7470
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Default Re: The Official Fuel Prices Thread

A related question: I remember most credit cards offer fuel surcharge waiver on a certain limit. For Example, this is what HDFC website says for Regalia "1% fuel surcharge waiver at all fuel stations across India (on minimum transaction of ₹400 and maximum transaction of ₹5000)".

I'm regularly hitting 4900+ on tankful, somehow not hit 5000 yet.

Also interesting is the fact that the HDFC site says fuel surcharge ranges between 1%-2.5% and even best of their cards only waive 1% and no reward points too. So is it time to use UPI for fuel?
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