The Official Fuel Prices Thread

pulsarmaniac · 29th January 2009, 00:48

The government on Wednesday announced further reduction in petrol and diesel prices by Rs 5 and Re 2 a litre, respectively. In second round of cuts in as many months, the domestic LPG rate was also brought down by as much as Rs 25 per cylinder.
The reduction, which will be effective from midnight Wednesday, will help further ease inflationary pressures and benefit common man.

Petroleum Secretary R S Pandey said no decision on raising excise and customs duty to mop up any extra revenue has been taken. Also, the parallel proposal of freeing petrol and diesel prices from administrative control has not been acted upon.
"The Government," he said, "will made good all of the losses of state-run retailers after accounting for Rs 32,000 crore contribution from upstream firms, through issue of oil bonds."
Deora said, "This is the first time the retail selling price has gone down below the rates in June 2006. There is no inflationary impact at all because of fuel now." Petrol on June 6, 2006 was priced at Rs 47.51 a litre in Delhi, diesel at Rs 32.47 and domestic LPG at Rs 294.75.
"After reduction, petrol in Delhi will cost Rs 40.62 a litre, diesel Rs 30.86 and domestic LPG Rs 279.70 per cylinder," he said.

source: NDTV

sunilchakola · 29th January 2009, 01:39

Glad to hear that after a long 45 days!!!

mjothi · 29th January 2009, 07:28

Finally its out.

But just thinknig if this would be just for the next couple of months. Anyway, lets enjoy the drive and especially fill-ups in pumps.

for some time.

amtak · 29th January 2009, 09:08

Quote:

Originally Posted by jkdas

Forgot recession ?

No ways! I didn't mention it as its been 'etched' in the minds of the people already. With recession comes lay off's and I only know how scared I am these days!

SkyWalker · 29th January 2009, 09:13

finally - petrol at 46 bucks in Bangalore. Good going. Btw, how much is diesel in Blr now?

shankar.balan · 29th January 2009, 09:32

petrol cut by 5 Rs and Diesel by 2 Rs w.e.f Tuesday midnite
good!
but the catch is that they may have one more hike before elections.

till then, fill up and enjoy

rjvora_2000 · 29th January 2009, 10:13

I think before election this will come down one more time.

Enjoy for now...

aka_iitd · 29th January 2009, 10:15

Quote:

Originally Posted by shankar.balan

petrol cut by 5 Rs and Diesel by 2 Rs w.e.f Tuesday midnite
good!
but the catch is that they may have one more hike before elections.

till then, fill up and enjoy

Tuesday midnite means coming Tuesday

esteem_lover · 29th January 2009, 10:29

Quote:

Originally Posted by Fountainheader

Lucky buggers! Petrol will cost something like 44.xx in Chennai after the price cut.

Guess the Govt cant make any changes till the elections are over.

Petrol is 44.24 in Chennai. Just filled up my Yezdi.

Petrol is just 38/- in Pondy. Guess it is time to make another Pondy drive.

lohithrao · 29th January 2009, 10:55

ahhh finally! time to do some long drives esp to stats where the fuel prices are even low...

rm_arjuna · 29th January 2009, 10:58

Feels so goooood... alteast for some time no need to think of fuel bills

and zip off on weekend drives .

shreyas99 · 29th January 2009, 11:13

46 Bucks in Bangalore, which meants in comparison to the previous price you get 1 ltr free for every 10ltr worth fuel. thats cool....

Fountainheader · 29th January 2009, 11:16

Quote:

Originally Posted by esteem_lover

Petrol is 44.24 in Chennai. Just filled up my Yezdi.

Petrol is just 38/- in Pondy. Guess it is time to make another Pondy drive.

If that's the case, I'm off to Pondy this weekend

woof · 29th January 2009, 11:26

Quote:

Originally Posted by Fountainheader

If that's the case, I'm off to Pondy this weekend

Diesel for 30.86 bucks in Delhi... and less than 30 bucks in Gurgaon! Cool!

yatinchoubal · 29th January 2009, 11:26

Wow.. Wish i would be in Pondy.. 45 Rs in Pune.

29th January 2009, 00:48	#1171
pulsarmaniac BHPian Join Date: Aug 2008 Location: Bengaluru Posts: 225 Thanked: 13 Times View My Garage	Petrol comes down by 5, diesel by 2 The government on Wednesday announced further reduction in petrol and diesel prices by Rs 5 and Re 2 a litre, respectively. In second round of cuts in as many months, the domestic LPG rate was also brought down by as much as Rs 25 per cylinder. The reduction, which will be effective from midnight Wednesday, will help further ease inflationary pressures and benefit common man. Petroleum Secretary R S Pandey said no decision on raising excise and customs duty to mop up any extra revenue has been taken. Also, the parallel proposal of freeing petrol and diesel prices from administrative control has not been acted upon. "The Government," he said, "will made good all of the losses of state-run retailers after accounting for Rs 32,000 crore contribution from upstream firms, through issue of oil bonds." Deora said, "This is the first time the retail selling price has gone down below the rates in June 2006. There is no inflationary impact at all because of fuel now." Petrol on June 6, 2006 was priced at Rs 47.51 a litre in Delhi, diesel at Rs 32.47 and domestic LPG at Rs 294.75. "After reduction, petrol in Delhi will cost Rs 40.62 a litre, diesel Rs 30.86 and domestic LPG Rs 279.70 per cylinder," he said. source: NDTV Last edited by pulsarmaniac : 29th January 2009 at 00:50.
	() Thanks

29th January 2009, 01:39	#1172
sunilchakola BHPian Join Date: Jun 2006 Location: Bangalore Posts: 124 Thanked: 7 Times View My Garage	Glad to hear that after a long 45 days!!!
	() Thanks

29th January 2009, 07:28	#1173
mjothi Senior - BHPian Join Date: Dec 2007 Location: Bangalore Posts: 3,287 Thanked: 231 Times View My Garage	Finally its out. But just thinknig if this would be just for the next couple of months. Anyway, lets enjoy the drive and especially fill-ups in pumps. for some time.
	() Thanks

29th January 2009, 09:13	#1175
SkyWalker Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 1,531 Thanked: 136 Times	finally - petrol at 46 bucks in Bangalore. Good going. Btw, how much is diesel in Blr now?
	() Thanks

29th January 2009, 09:32	#1176
shankar.balan BANNED Join Date: Apr 2008 Location: Bangalore Posts: 11,368 Thanked: 23,150 Times View My Garage Infractions: 0/2 (8)	petrol cut by 5 Rs and Diesel by 2 Rs w.e.f Tuesday midnite good! but the catch is that they may have one more hike before elections. till then, fill up and enjoy
	() Thanks

29th January 2009, 10:13	#1177
rjvora_2000 Senior - BHPian Join Date: Mar 2008 Location: Mumbai/Mulund Posts: 1,658 Thanked: 56 Times	I think before election this will come down one more time. Enjoy for now...
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29th January 2009, 10:55	#1180
lohithrao Senior - BHPian Join Date: Feb 2007 Location: Kudla/Mangaluru Posts: 3,204 Thanked: 225 Times View My Garage	ahhh finally! time to do some long drives esp to stats where the fuel prices are even low...
	() Thanks

29th January 2009, 10:58	#1181
rm_arjuna BHPian Join Date: Jan 2009 Location: Hyderabad Posts: 468 Thanked: 149 Times	Feels so goooood... alteast for some time no need to think of fuel bills and zip off on weekend drives .
	() Thanks

29th January 2009, 11:13	#1182
shreyas99 BHPian Join Date: May 2008 Location: Bangalore Posts: 42 Thanked: 23 Times View My Garage	46 Bucks in Bangalore, which meants in comparison to the previous price you get 1 ltr free for every 10ltr worth fuel. thats cool....
	() Thanks

29th January 2009, 11:26	#1185
yatinchoubal BHPian Join Date: Dec 2008 Location: Texas / Pune Posts: 144 Thanked: Once View My Garage	Wow.. Wish i would be in Pondy.. 45 Rs in Pune.
	() Thanks