[lambuhere1]

Originally Posted by vid6639

Those prices of shell are confirmed. I just filled full tank of petrol at 54.95/- yesterday.

Thanks Vid for the confirmation. Time for another tank fill in my silver star

[esteem_lover]

There will be another price cut very soon. Expect Rs.5 for petrol & Rs.3 for diesel too.

[deepclutch]

actually the price here for ordinary Petrol(cochin) :Rs47.02 .Not bad;eh?I heard tamilian pilgrimes for sabarimala happy regarding this cut.

[undead]

Originally Posted by neofromcapone

would the 4% reduction in the CENVAT also bring the retail fuel price down?

NO . It has been clearly stated by the government that the cut is only for NON-petroleum products

[esteem_lover]

Originally Posted by khan_sultan

A thought:

Now with the fuel prices being reduced, will we see fares for auto/taxis/buses etc being reduced also?

You might have to wait for the next reduction in petrol prices.

[@ri]

Originally Posted by khan_sultan

A thought:

Now with the fuel prices being reduced, will we see fares for auto/taxis/buses etc being reduced also?

Nice thought... hope there is someone listening. But another thought, arent the autos running on gas? what has happened to that?

[vasudeva]

As of now, US petrol prices are US$1.81/gallon (Rs. 24/litre). Diesel is at US$2.62/gallon (Rs. 34.60/litre).

[ethanhunt123]

And the UK Prices are GBP 0.95/litre (Rs 69.26/litre). Diesel is at GBP 1.09/litre (Rs 79.47/litre).

[akshay4587]

There was a protest here in Punjab(I read in the news paper) that petrol prices should be reduced by 15Rs a Litre

[deep_bang]

Originally Posted by vasudeva

As of now, US petrol prices are US$1.81/gallon (Rs. 24/litre). Diesel is at US$2.62/gallon (Rs. 34.60/litre).

Price in US is now $1.65 a gal. The duties/taxes in India are close to 50% now in that case.

[vasudeva]

Originally Posted by deep_bang

Price in US is now $1.65 a gal. The duties/taxes in India are close to 50% now in that case.

That was the official figure for US average (just like in India, US prices vary across states). US prices have a low tax component (I think 10.5% though it has been increased a bit recently). At their peak, the average was around US$4/gallon (~Rs. 50/l with tax of 10.5%). Regardless of what the Govt. says, it is still making huge profits on petrol (and a lot less on diesel). The taxes go to the Govt/states from which it funds underrecoveries. So it is an accounting treatment but this policy distorts market signals. Of course taxes are required to discourage consumption of scarce resource (see UK prices), but even now petrol car owners like me are subsidising diesel cars like Skoda and call centre operators. Of course the kerosene scam is there for all to see.

[binoyb22]

Originally Posted by esteem_lover

There will be another price cut very soon. Expect Rs.5 for petrol & Rs.3 for diesel too.

Will this really happen??.i mean i seriously doubt it.

[rjvora_2000]

Originally Posted by binoyb22

Will this really happen??.i mean i seriously doubt it.

Don't be surprised it it come's, as the change which has come (Rs. 5, and Rs. 2) is a political move; they will further reduce the rates as the center election comes near.

[GSMINC]

Fuel prices across the nation as per Indian Oil website after the price reduction

PETROL
Prices of non-branded petrol in metro-cities (Rs./Litre) Applicable from: December 06, 2008
Delhi 45.62
Kolkata 47.00
Mumbai 49.80
Chennai 49.66

Prices of non-branded petrol across state capitals (Rs./Litre) Applicable from: December 06, 2008

Agartala 43.07
Ahmedabad 48.87
Aizwal 41.09
Ambala 45.55
Bangalore 51.71
Bhopal 49.17
Bhubhaneswar 45.90
Chandigarh 45.44
Dehradun 46.47
Guwahati 46.63
Hyderabad 51.10
Imphal 43.20
Itanagar 44.98
Jaipur 48.64
Jammu 46.84
Jullunder 50.09
Kohima 45.38
Lucknow 47.64
Panjim 45.75
Patna 47.70
Pondicherry 43.30
Raipur 45.84
Ranchi 46.04
Shillong 45.28
Shimla 47.87
Srinagar 48.25
Trivandrum 47.25


DIESEL
Prices of non-branded diesel in metro-cities (Rs./Litre)
Applicable from: December 06, 2008

Delhi 32.86
Kolkata 33.74
Mumbai 36.69
Chennai 34.98

Prices of non-branded diesel across state capitals (Rs./Litre) Applicable from: December 06, 2008

Agartala 31.73
Ahmedabad 36.77
Aizwal 30.61
Ambala 31.69
Bangalore 36.97
Bhopal 36.23
Bhubhaneswar 35.18
Chandigarh 32.69
Dehradun 34.26
Guwahati 32.48
Hyderabad 36.08
Imphal 31.85
Itanagar 32.49
Jaipur 34.67
Jammu 33.06
Jullunder 32.31
Kohima 32.54
Lucknow 34.19
Panjim 34.89
Patna 34.70
Pondicherry 33.42
Raipur 35.55
Ranchi 33.65
Shillong 32.04
Shimla 33.50
Srinagar 34.04
Trivandrum 35.46

All these data has been compiled from Indian Oil website-www.iocl.com

A litre of petrol costs highest in Bangalore at Rs.36.97 & costs cheapest in Agartala at Rs.43.07.

A litre of diesel costs highest in Bangalore at Rs.35.23 & costs cheapest in Aizwal at Rs.30.61

Infact petrol and diesel is cheapest in the North-Eastern states, wonder why

[Technocrat]

Don't be surprised it it come's, as the change which has come (Rs. 5, and Rs. 2) is a political move; they will further reduce the rates as the center election comes near.

Exactly they would time it with the Polls. The fuel prices can go down further by 10 bucks for petrol if the crude prices keep falling.