[supremeBaleno]

Originally Posted by jesal

yes it went up. it was 69 in bombay and its now 71. i know this because in my slip book i fill in full entry details. the price went silently up by almost 2 bucks.

The last price-change was on 1-May after which the price at Bombay for normal unleaded became 69.73, which should be the current price too because there has not been a hike after that. Current prices in other 3 metros are :

Delhi Kolkata Chennai
63.09 70.35 65.9

[sgiitk]

Surprised to find that Mumbai & UP are very similar. Here it is 69.04!

[green_wheel]

There has been a surreptitious hike in petrol prices at least in Mumbai. Probably due to some local taxes. I had filled up the tank of my Wagon-R on Saturday and did not bother to take the receipt, but I clearly remember the price was 71+.
Due to the above posts, I checked this site - http://www.mypetrolprice.com/3/Petrol-price-in-Mumbai and it has confirmed the hike - effective May 23.

[Jignesh]

Originally Posted by green_wheel

I clearly remember the price was 71+.

Yes. Even I noticed the Petrol price of Rs. 71.17 per liter yesterday at Petrol Pump.

I feel the recent & surprising hike is due to implementation of LBT? Earlier Fuel prices in Navi Mumbai Municipal Corporation’s (NMMC) jurisdiction were 3.5% higher then Mumbai due to LBT. If this is really the case then recent protests against LBT were really justified.

Thanks,

[rajshenoy]

Originally Posted by Jignesh

Yes. Even I noticed the Petrol price of Rs. 71.17 per liter yesterday at Petrol Pump.

I feel the recent & surprising hike is due to implementation of LBT? Earlier Fuel prices in Navi Mumbai Municipal Corporation’s (NMMC) jurisdiction were 3.5% higher then Mumbai due to LBT. If this is really the case then recent protests against LBT were really justified.

Thanks,

Seems to be specific only to state of Maharastra or Mumbai only ? I am surprised to see that Petrol is cheaper in karnataka now at 69.35. I always thought we paid most for the fuel as well as road tax down here in south.

[Arch-Angel]

Pfft. The petrol prices will continue to go up and up until there is some hue and cry raised by everyone. Then they will increase the diesel price to compensate, which will be met by protests from the transport sector and will be rolled back. This is getting far too predictable and definitely something that isn't good at all. I think the import duty based on current oil price value/barrel should give us reasonable prices but no, even though i own a diesel car, i am on for parity between petrol and diesel prices. Rs 65.9/l on petrol, Rs 52.92/l on diesel afaik.

[sgiitk]

In MH it could be the LBT coming in.

[arpanjha]

I heard on a news channel today the price of petrol is set to be raised by 1rupee per litre soon, is anyone aware of this? I guess this is because of the rupee decline against the dollar although international crude prices havent really firmed up to make much significance.

[saket77]

Originally Posted by arpanjha

I heard on a news channel today the price of petrol is set to be raised by 1rupee per litre soon, is anyone aware of this? I guess this is because of the rupee decline against the dollar although international crude prices havent really firmed up to make much significance.

It was on ABP news yesterday. I don't know if they mentioned the amount, but surely the IOC chairperson said that the fuel prices may increase. That's riding on the back of the depreciating Rupee against the Dollar. However, that is the technical/ financial part. Lets see if the Political/ Practical counterparts think so!

[Jignesh]

Originally Posted by arpanjha

I heard on a news channel today the price of petrol is set to be raised by 1rupee per litre soon, is anyone aware of this?

Hello Arpanjha,

Petrol are sure to increase in coming days because Rupee is trading at approx 56.60 against 1 USD today. I feel in coming days we should expect further hike in petrol prices.

Hello All,

Will the falling Rupee, I feel Government will have no option but to go ahead with monthly 50 paise hike in Diesel prices. Also the Government has fixed the maximum fuel subsidy that it will give this fiscal year. Which means oil marketing companies will have to hike Diesel prices beyond the fixed 0.50 paise per month hikes.

Thanks,

[saket77]

End of speculations...the bad news is that petrol will be dearer by 0.75p per litre from midnight. News just flashed in the evening news.

Diesel up by 0.50p. All that exclusive of VAT.

[rajshenoy]

Originally Posted by saket77

End of speculations...the bad news is that petrol will be dearer by 0.75p per litre from midnight. News just flashed in the evening news.

Diesel up by 0.50p. All that exclusive of VAT.

As expected !!! Sliding rupee !!! Less than 4% GDP growth

So called worlds 3rd largest Economy. This is Bharat Nirmaan
It is not the 75 paisa increase that is making me crib here. But for the obvious reasons

[drmohitg]

Isn't diesel supposed to be increased at a months gap? When was the last hike announced? I feel its been even a month. So now even driving a diesel car is getting costlier. Instead of decreasing petrol prices, just increase diesel prices too. Great people centric government!!

[Animesh]

Price of Petrol in Mumbai was indeed increased even before this new hike of 75p per litre (excluding taxes). I paid Rs. 71.19 per litre on 31-May-13 even as I remember paying 69 something few days back. Even I am assuming that it's because of LBT. Poor us.

[nipcarlover]

Petrol prices rising by Rs.2 effective midnight.
Source: Autocar India Twitter page:

Autocar India ‏@autocarindiamag
#Petrol prices to go up by Rs 2 effective midnight #Fuelprices