The Official Fuel Prices Thread

rr_zen · 6th November 2008, 12:17

Looks like the crude prices have dwindled yet again. It has fallen below $65 a barrel. But, does this mean anything to us, the daily consumers ?

Source:

Oil follows stock markets, falls below $65 in Asia- Indicators-Economy-News-The Economic Times

lurker · 6th November 2008, 12:24

this is the biggest scam. And this Govt is busy perpetuating it.

ATF is priced lower than Petrol in India.

talk of catering only to business and corporate interests.

nkrishnap · 6th November 2008, 12:59

Guess the consumers need to wait till the elections. The prices would be then reduced for vote bank politics

End result is that the government does not care much for the consumers

srishiva · 6th November 2008, 13:17

You are right. It will be used as a election stunt. Shame on these guys. Shouldn't they take care about inflation and change the fuel price ASAP ?

nanopano · 6th November 2008, 14:59

[FONT=Times New Roman][SIZE=3]At present, I heard that the government is planning to revise the fuel prices and there are expected to come down. But then the increase in dollar value against Indian Rupee may have a greater impact on the decision taken by the government. Lets see when the prices come down and till what extent.[/SIZE][/FONT]

rr_zen · 13th November 2008, 11:19

Well, its happened again ! The international crude prices have plummeted yet again. The latest figure is $55 per barrel. Am sure consumers around the world are rejoicing while we, the Indian consumers still face the heat !

God knows what on earth is the Oil Ministry dreaming over !

Source:Oil plunges to 22-month low of $55 a barrel- Indicators-Economy-News-The Economic Times

Swifty2008 · 13th November 2008, 11:25

All that difference is eaten-up by the corrupt politicians and oil companies.

When the prices go up, the govt as well as the oil companies are shaken, but not when it goes down. A very sad story.

mtnrajdeep · 13th November 2008, 13:08

I saw in the news tickers on CNBC TV18 that the Government was asking oil companies to deposit these profits earned as deposits in PSU banks at favourable rates of interest to partly ease the credit crunch! A very clever way of making more people in the society pay for the credit crunch!

coolbareilly · 13th November 2008, 13:22

Our Govt doesnt care for citizens. They just care for their pocket. PM Manmohan Singh has announced, govt is not reducing the oil prices till the time all PSUs recover their losses.

and I am sure they will drop the price just before the election.

harry10 · 13th November 2008, 15:02

PSU's will never recover losses and dirty politics is again there to harass consumers. I feel like not voting for any of these politicians cos all are damn corrupt to the core.

nkrishnap · 13th November 2008, 15:09

Quote:

Originally Posted by nkrishnap

Guess the consumers need to wait till the elections. The prices would be then reduced for vote bank politics

End result is that the government does not care much for the consumers

As I said earlier, and I will say again. This is how the Congress led government works

SumitB · 13th November 2008, 15:20

Quote:

Originally Posted by nkrishnap

As I said earlier, and I will say again. This is how the Congress led government works

Actually this problem is not due to BJP or Congress govts. This problem is there due to coalition politics and I don't see it being any better after the next general elections. We need the American System and we need it now.

suvi · 13th November 2008, 15:31

They had delayed raising the prices. At least they can reduce on time

We should use this opportunity to
- have a fixed rate of duty + taxes on petro products (not a percentage to cushion the users)
- reduce subsidy in LPG (Give subsidized cylinders for poor based on the ration cards and the open market should be subsidy free)
- allow free float of Petro prices to ensure that demand and supply equilibrium is maintained

AirWind · 13th November 2008, 15:43

Reduce petrol prices! I hate paying (subsidy) for somebody's diesel!

laluks · 13th November 2008, 18:21

I read somewhere today that the oil companies re still under losses. This time they are attributing to the rise in dollar value - comeon, how many of us take that

I do not remember the dates, there was once an article in TOI, saying why the Indian oil producers should price their barrell at global prices? Another was the calculation of th actual losses these public ltd companies made. All was hinting that the losses defined are not indeed correct. I am not so informed to make a comment on this, but the article went on to describe the flaws in pricing of these in India.

6th November 2008, 12:17	#901
rr_zen Senior - BHPian Join Date: Sep 2006 Location: Chennai, India Posts: 1,799 Thanked: 400 Times View My Garage	Looks like the crude prices have dwindled yet again. It has fallen below $65 a barrel. But, does this mean anything to us, the daily consumers ? Source: Oil follows stock markets, falls below $65 in Asia- Indicators-Economy-News-The Economic Times
	() Thanks

6th November 2008, 12:24	#902
lurker Senior - BHPian Join Date: Jun 2006 Location: Tura Posts: 1,592 Thanked: 1,423 Times	this is the biggest scam. And this Govt is busy perpetuating it. ATF is priced lower than Petrol in India. talk of catering only to business and corporate interests.
	() Thanks

6th November 2008, 12:59	#903
nkrishnap Distinguished - BHPian Join Date: May 2006 Location: Bangalore Posts: 3,983 Thanked: 7,407 Times View My Garage	Guess the consumers need to wait till the elections. The prices would be then reduced for vote bank politics End result is that the government does not care much for the consumers
	() Thanks

6th November 2008, 13:17	#904
srishiva Senior - BHPian Join Date: Nov 2006 Location: Bengaluru Posts: 4,375 Thanked: 2,256 Times	You are right. It will be used as a election stunt. Shame on these guys. Shouldn't they take care about inflation and change the fuel price ASAP ?
	() Thanks

6th November 2008, 14:59	#905
nanopano BHPian Join Date: Nov 2008 Location: Bangalore Posts: 110 Thanked: 0 Times	[FONT=Times New Roman][SIZE=3]At present, I heard that the government is planning to revise the fuel prices and there are expected to come down. But then the increase in dollar value against Indian Rupee may have a greater impact on the decision taken by the government. Lets see when the prices come down and till what extent.[/SIZE][/FONT]
	() Thanks

13th November 2008, 11:19	#906
rr_zen Senior - BHPian Join Date: Sep 2006 Location: Chennai, India Posts: 1,799 Thanked: 400 Times View My Garage	Yet again ! Well, its happened again ! The international crude prices have plummeted yet again. The latest figure is $55 per barrel. Am sure consumers around the world are rejoicing while we, the Indian consumers still face the heat ! God knows what on earth is the Oil Ministry dreaming over ! Source:Oil plunges to 22-month low of $55 a barrel- Indicators-Economy-News-The Economic Times
	() Thanks

13th November 2008, 11:25	#907
Swifty2008 BHPian Join Date: Oct 2008 Location: Pune Posts: 236 Thanked: Once	All that difference is eaten-up by the corrupt politicians and oil companies. When the prices go up, the govt as well as the oil companies are shaken, but not when it goes down. A very sad story.
	() Thanks

13th November 2008, 13:08	#908
mtnrajdeep BHPian Join Date: Feb 2006 Location: Bangalore Posts: 904 Thanked: 338 Times View My Garage	I saw in the news tickers on CNBC TV18 that the Government was asking oil companies to deposit these profits earned as deposits in PSU banks at favourable rates of interest to partly ease the credit crunch! A very clever way of making more people in the society pay for the credit crunch!
	() Thanks

13th November 2008, 13:22	#909
coolbareilly BHPian Join Date: Oct 2007 Location: Delhi Posts: 193 Thanked: 16 Times	Our Govt doesnt care for citizens. They just care for their pocket. PM Manmohan Singh has announced, govt is not reducing the oil prices till the time all PSUs recover their losses. and I am sure they will drop the price just before the election.
	() Thanks

13th November 2008, 15:02	#910
harry10 Senior - BHPian Join Date: Jul 2008 Location: Faridabad/Delhi Posts: 2,713 Thanked: 3,625 Times View My Garage	PSU's will never recover losses and dirty politics is again there to harass consumers. I feel like not voting for any of these politicians cos all are damn corrupt to the core.
	() Thanks

13th November 2008, 15:31	#913
suvi BHPian Join Date: Jan 2008 Location: Bangalore Posts: 121 Thanked: 6 Times	They had delayed raising the prices. At least they can reduce on time We should use this opportunity to - have a fixed rate of duty + taxes on petro products (not a percentage to cushion the users) - reduce subsidy in LPG (Give subsidized cylinders for poor based on the ration cards and the open market should be subsidy free) - allow free float of Petro prices to ensure that demand and supply equilibrium is maintained
	() Thanks

13th November 2008, 15:43	#914
AirWind BHPian Join Date: Jul 2005 Location: Bangalore Posts: 998 Thanked: 404 Times View My Garage	Reduce petrol prices! I hate paying (subsidy) for somebody's diesel! Last edited by AirWind : 13th November 2008 at 15:45.
	() Thanks

13th November 2008, 18:21	#915
laluks Senior - BHPian Join Date: Sep 2008 Location: Bangalore Posts: 6,552 Thanked: 16,397 Times	I read somewhere today that the oil companies re still under losses. This time they are attributing to the rise in dollar value - comeon, how many of us take that I do not remember the dates, there was once an article in TOI, saying why the Indian oil producers should price their barrell at global prices? Another was the calculation of th actual losses these public ltd companies made. All was hinting that the losses defined are not indeed correct. I am not so informed to make a comment on this, but the article went on to describe the flaws in pricing of these in India.
	() Thanks