[kooldudedelhi]

Talking about the hike announcement...seems it has come true

Petrol prices up by Rs 3.14 a litre - NDTV Profit

For all of you running empty its final call to fill it up at the discounted price (pun intended!).

Enjoy

[funkyp]

Originally Posted by ottocycle

Hold on for another shocker.

Petrol prices may go up by Rs 3 a litre as rupee weakens - The Times of India

Price hike of 3.14 per litre has been confirmed effective midnight. Wonder what effect it will have on already slumping sales. To add to it, RBI is likely to increase rates tomorrow making loans costlier.

[lohithrao]

lolz i did think so it may feel like the way it did for u but fir surely am terribly depressed as i own a petrol car/bike:(

Originally Posted by ghodlur

By your post, it looks like you are for the hike.

Gone are the days when the fuel price would go both ways, but these days the rise in always northbound. Add to that the age old Octroi charges and the petrol prices jucst cost a bomb now. However hard fanboy I am of petrol but these days the price has now started pinching me and making me re think about the plan for the coming days.

[ethanhunt123]

Awesome. Looks like predictions of petrol crossing 100 bucks by mid next year is going to come true .. and my dreams of owning a Tsi powered Laura are fast going towards the drain :(

[pankaj_sachdeva]

The news is out that prices have gone up by 3.14 from today midnight.

More on the following link
Petrol prices up by Rs 3.14 a litre - NDTV Profit

[driving_smartly]

Originally Posted by pankaj_sachdeva

The news is out that prices have gone up by 3.14 from today midnight.

More on the following link
Petrol prices up by Rs 3.14 a litre - NDTV Profit

The petrol prices rising towards north pole, the situation looks tough for petrol heads like me
I am so sure that government will work in such a way that the prices does not decline. Somebody posted on my facebook that we should start using bicycle for shorter distance

[achilles101]

Petrol will now be Rs 74 in Bangalore.

The day is not far when petrol will reach Rs 100 and difference between diesel and petrol will be Rs 40.

And the reasons they keep giving sound worthless - Dollar vs Rupees is now high so increase price. What were they doing when the conversion rate was less. Did they reduce the price.

[sandip]

I do not know if this is OT here.

Everytime there is an increase in the FOL rates, we see a beeline in the bunks.
I have been part of that queue many a times.

Then I realized that I save 90/- for that wait (my tank gobbles 30 l at the emptiest).

Is it really worth that wait or is it just a psychological triumph.

[asdon]

Any new on diesel hike?
The reason for this hike - Oil companies are loosing due to Rupee falling down, will they decrease the price when Rupee gains again? never ever happened in India.

[vina]

Originally Posted by sandip

I do not know if this is OT here.

Everytime there is an increase in the FOL rates, we see a beeline in the bunks.
I have been part of that queue many a times.

Then I realized that I save 90/- for that wait (my tank gobbles 30 l at the emptiest).

Is it really worth that wait or is it just a psychological triumph.

Don't you already know the answer? Also did you consider the amount of fuel in burn while waiting (even if you keep starting and stopping)?

[shashank.nk]

Petrol will now be Rs. 74.5/litre in bangalore I definitely don't think the oil companies will be as enthusiastic as they are now, to reduce prices if the intl crude prices fall.

Will shell follow suit ?

[arun_josie]

Looks like petrol price will reach 100 before Sachin reaches his 100th 100. Now it will make buyers decision much easier to tilt towards a diesel car.

[lurker]

Obviously this system of 'price decontrol' is fraudulent. (I had seen some worthies on this forum cheering 'price decontrol' . . where are they now). And ofcourse even though decontrol meant 'no limit on hike henceforth' nobody expected it to be so brutal and so drastic. I wonder why the petrol consumers take this lying down. There should be massive protests in India and if needed we need to take down this govt and burn down their offices to teach them a lesson. This can't just keep going on.

[bblost]

Originally Posted by sandip

I do not know if this is OT here.

Everytime there is an increase in the FOL rates, we see a beeline in the bunks.
I have been part of that queue many a times.

Then I realized that I save 90/- for that wait (my tank gobbles 30 l at the emptiest).

Is it really worth that wait or is it just a psychological triumph.

I said exactly the same thing to my wife. In fact I used the same example as well.

I don't bother tanking up when the price goes high. Its NOT worth it.
Its funny when you see bikes that reportedly give 60 kmpl and with 12 liter tanks waiting to do the same.

[GTO]

Slow poison, really. The govt & oil companies must have already decided on their "target" rate and are gradually coming to that with small, frequent price hikes.

On the one hand, they say they want to control inflation. My foot!!!!! 3 years back, 75 bucks a liter would have been unthinkable. Now, it's staring us in the face.