[deky]

Or atleast make the price, uniform in every state. Why should one pay 50 bucks in Delhi and 60 Bucks in Banglore?

[sonirohit]

Reading your rants makes me feel good - I run a diesel and in a state where I pay 33.62 for a litre. Bye bye Petrol - let someone else pay for my Diesel.

[laluks]

Originally Posted by sonirohit

Reading your rants makes me feel good - I run a diesel and in a state where I pay 33.62 for a litre. Bye bye Petrol - let someone else pay for my Diesel.

Oh Man, Murli Deora is toying the idea of selling Diesel at market rates to cars soon.

Hope it comes soon and petrol lovers like me see you in the pinch No offence

[rawnak]

Even with worldwide oil prices going from $140 a barrel to $50, India is
keeping internal prices at elevated levels. In one way it is good so OIL
companies can recover their past losses. On the other side, with economy
cooling down, companies will have to face dual pressures 1) demand
heading down 2) high local fuel costs
No fuel price cut till oil firms stabilise: PM


http://www.hindustantimes.com/StoryP...tabilise%3a+PM

[harry10]

Originally Posted by laluks

Oh Man, Murli Deora is toying the idea of selling Diesel at market rates to cars soon.

Hope it comes soon and petrol lovers like me see you in the pinch No offence

He will be still safe as that rule will be for 1500 cc and above
Moreover the opposition party will never let this happen because of vote bank. No offence!

[sonirohit]

This really sucks - oil cos have been making losses & Petro Min has been feeding them Junk Oil Bonds.
I really do hope that Reliance and Essar do reopen their outlets which they had closed down due to high crude prices and give these govt sponsored companies a run for their money.

[trrk]

Hi,

Between 25/10/2008 and 06/11/2008 (the two refill dates) Xtramile diesel cost was reduced by one rupee to 39.99 here.

[joslicx]

There is a ticker on NDTV that says oil companies to cut prices by 10% effective tomorrow! Does that mean petrol/diesel prices will be down by 5/3 rupees?

[f50xj13]

we mumbai guys pay methinks one of the highest price for petro products.
A small point :- kindly comment
the budget of the govt is based in some part on petro taxes collection. so at start of the financial year the target income for the year is taken into view while deciding the budget. now the funny part arises. taxes on petrol are based on sale price not onquantitive basis. so when crude prices rise so does the sales price and effectively so do the taxes on it. why cant our petro minister change the tax structure on petro products i.e. we pay tax per liter of petrol. in this way he can generate his target revenue and we poor people are spared the frequent rise in petro product prices.

[harry10]

Originally Posted by joslicx

There is a ticker on NDTV that says oil companies to cut prices by 10% effective tomorrow! Does that mean petrol/diesel prices will be down by 5/3 rupees?

thats very good news (if its true)
Any more confirmations?

[rawnak]

I would think they will drop it just before elections to get max political
mileage. Anyway no opposition party is asking for it.
here in USA price for 87 has come down in 3 months from $4 per gallon to
$2.50 per gallon.

[GSMINC]

Originally Posted by joslicx

There is a ticker on NDTV that says oil companies to cut prices by 10% effective tomorrow! Does that mean petrol/diesel prices will be down by 5/3 rupees?

The price cut is only on ATF (Aviation Turbine Fuel)

[vvrchandra]

Shell Super unleaded petrol now at Rs 58.95 in Hyderabad from yesterday. When I went to shell today morning, they told that the price is reduced. Hope this continues for long..

[bblost]

^ thanks for this info.

and thank god for my laziness.
Now I can fill my car up with Shell.

[mjothi]

Aviation fuel turns cheaper than petrol- Oil & Gas-Energy-News By Industry-News-The Economic Times

While the ATF price has dropped from Rs 73.67 per litre to Rs 40.69 in the past four months, the price of petrol had gone up by Rs 5 and is available at Rs 55.07 in Mumbai.