The Official Fuel Prices Thread

Surprise · 3rd January 2008, 15:00

Quote:

The Group of Ministers of fuel headed by External Affairs Minister Pranab Mukherjee is expected to meet later this month. This will be followed by a meeting of the Cabinet and a hike is likely in first week of February.

Let me capture this in our official tracker thread too

speedmiester · 3rd January 2008, 15:01

People in karnataka are going to be affected very much. Here we are already the highest prices for fuel in the country with little or no infrastructure.

BTW I seriously think its time to get a diesel.

benbsb29 · 3rd January 2008, 15:02

Quote:

Originally Posted by speedmiester

BTW I seriously think its time to get a diesel.

I agree. The only direction in which the petrol prices go is UP.

Jaggu · 3rd January 2008, 15:07

Quote:

Originally Posted by Samurai

Well, as theMAG clarified I only run an IT company.

That's what all newspapers and our candidates keep telling me, and I keep wondering how these companies do it.

it depends based on, what level these guys are, what company they work for and whats the companies pay standard is (on par or below par)

egs: if X co has low pay standards then the good guys will need 30-40% to see next year with MS X cheers:

Zappo · 3rd January 2008, 16:20

Aah! Jaggu dada has now given the real inside view to people.

Haa haa haaa.

Coming back to the topic in hand, when the government says Rs.4 its more of a bargaining tactics to secure at least half of that. However, the price increase is always a double whammy. Government always talks about the hike in the price of the material, kind of our ex-showroom price.

The hike hits doubly hard because the new price then also gets jacked up by higher state and central taxes (whatever XYZ% it always will work out higher on the new higher price than what it was earlier). So its not just the new advertised hike in price but also the new tax on it.

Of course if the state govt plays the hard ball like, I think, the AP Govt, did a few hikes back then you are trully castled. They decided that they also want to get on to the gravy train and hiked the state's component of the taxes in percentage terms. You may end up paying a hike of Rs.3 when the announced hike is only Rs.2 or so.

LLL · 3rd January 2008, 16:30

also consider the ripple effect.

Transporters will again increase the transportation charges all around and hence prices of commodities will increase. VAT/Service tax component will increase as well. Next u have electricity companies asking for a hike. :(

None of this would happen if our govts and oil cos could be more efficient...

snaronikar · 3rd January 2008, 18:01

Sincerely, the chief secretary of state should advice Governer to reduce taxes on the petroleum products in Bangalore. We are tired of paying cesses and all of our money goes into the ministers/bearucrats coffers...

thangu · 3rd January 2008, 23:34

Quote:

Originally Posted by LLL

also consider the ripple effect.

Transporters will again increase the transportation charges all around and hence prices of commodities will increase. VAT/Service tax component will increase as well. Next u have electricity companies asking for a hike. :(

None of this would happen if our govts and oil cos could be more efficient...

this will cost a ripple effect and soon you will have everybody hiking prices citing the increase in fuel, that is the way it always goes.

We really need a brillinat person in the Government to work out the reduction in subsidies for Diesel, domestic LPG and Kerosene if we want our fues prices to be bearable. Till that time Petrol will be the scapegoat and there will no escaping that.

Looks like Diesel is the only way forward.

Looking back to the time when they dismantled the pricing regime for Petroleum products earlier this decade, except for TATA none of the other companies really understood the Indian scenario. Tata was the only one to realize the Diesel will never be priced on par with Petrol in India and they concentrated on the Indica whereas all other manufacturers including Maruti were all selling just their petrols. Only in the last 2-3 years they have come to grips with the reality and started with Diesels.

snaronikar · 17th January 2008, 17:07

Guys, you got any idea when the fuel shock is coming? Just saw in paper that Govt. will announce the shock news in a couple of days. Need to fill tank (of the car).

SumitB · 17th January 2008, 18:04

GoM was supposed to take a decision today. Speculations are that 4 rupees hike in petrol and 10 rupees for every gas cylinder.

snaronikar · 17th January 2008, 22:26

GOM did not take up any decision today. It got postponed. Maybe we can expect the the meeting to happen in couple of days time and the hike is immenient. :-(

abhinav.gupta88 · 17th January 2008, 22:35

Expected Hike : Petrol -> 2 Rs.
Deisel -> 1 rs.

jesal · 17th January 2008, 22:47

with this i will surely decide my new car or used car. petrol one or diesel. soon india might just charge 100 bux a liter and i might have to relocate to bangkok for good lol

keyank · 18th January 2008, 16:40

Sorry for the off topic.
can someone suggest me what's the price of petrol at reliance pump? is it less or equal or higher than in bangalore?
im driving to TN t'mrrow morning

TIA
Karthik

GSMINC · 18th January 2008, 19:51

I dont understand how the GOVT can charge 40% of the petrol price as various taxes.
We in bangalore pay the highest for a litre of petrol & diesel
the petrol prices across the nation are:
Prices in MetrosDelhi43.52Kolkata46.86Mumbai48.38Chennai47.4 4[COLOR=#0000ff]Previous Prices (PDF)[/COLOR]

Petrol Prices Across State Capitals NorthChandigarh44.08Dehradun44.53Jaipur46.45Luckno w46.37Shimla45.65Srinagar46.11Jammu44.77EastAgarta la42.92Aizwal42.66Bhubhaneswar44.53Gangtok45.64Guw ahati45.48Imphal42.13Itanagar42.93Kohima43.28Patna 46.45Portblair37.82Ranchi43.94Shillong43.17WestAhm edabad47.74Bhopal46.95Panjim44.33Raipur44.79SouthB angalore50.58Hyderabad48.79Pondicherry41.70Trivand rum46.01
the deisel prices across the nation are:

Prices in MetrosApplicable from: June 06, 2007Delhi 30.48Kolkata32.87Mumbai34.94Chennai33.30
Diesel Prices Across State Capitals NorthChandigarh30.63Dehradun32.67Jaipur33.05Luckno w33.63Shimla31.37Srinagar31.94EastAgartala30.45Aiz wal30.26Bhubhaneswar33.49Gangtok33.23Guwahati31.38 Imphal30.16Itanagar30.43Kohima30.48Patna32.96Portb lair29.20Ranchi32.99Shillong30.56WestAhmedabad35.2 1Bhopal34.78Panjim33.17Raipur34.11SouthBangalore35 .23Hyderabad33.80Pondicherry31.60Trivandrum33.71Al l these data has been compiles from Indian Oil website-www.iocl.com
As per this information
A litre of petrol costs highest in Bangalore at Rs.50.58 & costs cheapest in Port Blair(Andaman & Nicobar) at Rs.37.82.
A litre of diesel costs highest in Bangalore at Rs.35.23 & costs cheapest in Port Blair(Andaman & Nicobar) at Rs.29.20.

As none of us could drive down to Port Blair to tank up our cars & bikes, the cheapest petrol/litre on the Indian mainland would be Pondicherry at Rs.41.70
The cheapest diesel/litre on the Indian mainland would be Imphal at Rs.30.16 ( Infact diesel is cheapest in the North-Eastern states, wonder why? )
As a Bangalorean I just cant digest the fact that we in the city pay the highest.
So what I try to do is avoid tanking up in bangalore when travelling out of state. Atleast I say 3-4 rupees/litre.

3rd January 2008, 15:01	#362
speedmiester Senior - BHPian Join Date: Jul 2006 Location: bangalore Posts: 2,412 Thanked: 6,755 Times	People in karnataka are going to be affected very much. Here we are already the highest prices for fuel in the country with little or no infrastructure. BTW I seriously think its time to get a diesel.
	() Thanks

3rd January 2008, 16:20	#365
Zappo Team-BHP Support Join Date: Oct 2005 Location: Hyderabad Posts: 5,929 Thanked: 2,719 Times	Aah! Jaggu dada has now given the real inside view to people. Haa haa haaa. Coming back to the topic in hand, when the government says Rs.4 its more of a bargaining tactics to secure at least half of that. However, the price increase is always a double whammy. Government always talks about the hike in the price of the material, kind of our ex-showroom price. The hike hits doubly hard because the new price then also gets jacked up by higher state and central taxes (whatever XYZ% it always will work out higher on the new higher price than what it was earlier). So its not just the new advertised hike in price but also the new tax on it. Of course if the state govt plays the hard ball like, I think, the AP Govt, did a few hikes back then you are trully castled. They decided that they also want to get on to the gravy train and hiked the state's component of the taxes in percentage terms. You may end up paying a hike of Rs.3 when the announced hike is only Rs.2 or so.
	() Thanks

3rd January 2008, 16:30	#366
LLL BHPian Join Date: Mar 2005 Location: Delhi Posts: 636 Thanked: 2 Times	also consider the ripple effect. Transporters will again increase the transportation charges all around and hence prices of commodities will increase. VAT/Service tax component will increase as well. Next u have electricity companies asking for a hike. :( None of this would happen if our govts and oil cos could be more efficient...
	() Thanks

3rd January 2008, 18:01	#367
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 29 Times View My Garage	Sincerely, the chief secretary of state should advice Governer to reduce taxes on the petroleum products in Bangalore. We are tired of paying cesses and all of our money goes into the ministers/bearucrats coffers...
	() Thanks

17th January 2008, 17:07	#369
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 29 Times View My Garage	Guys, you got any idea when the fuel shock is coming? Just saw in paper that Govt. will announce the shock news in a couple of days. Need to fill tank (of the car).
	() Thanks

17th January 2008, 18:04	#370
SumitB BHPian Join Date: Jan 2007 Location: Shillong Posts: 987 Thanked: 264 Times	GoM was supposed to take a decision today. Speculations are that 4 rupees hike in petrol and 10 rupees for every gas cylinder.
	() Thanks

17th January 2008, 22:26	#371
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 29 Times View My Garage	GOM did not take up any decision today. It got postponed. Maybe we can expect the the meeting to happen in couple of days time and the hike is immenient. :-(
	() Thanks

17th January 2008, 22:35	#372
abhinav.gupta88 Senior - BHPian Join Date: Sep 2007 Location: Delhi , India Posts: 4,092 Thanked: 340 Times View My Garage	Expected Hike : Petrol -> 2 Rs. Deisel -> 1 rs.
	() Thanks

17th January 2008, 22:47	#373
jesal BANNED Join Date: Apr 2004 Location: Mumbai Posts: 2,323 Thanked: 13 Times View My Garage	with this i will surely decide my new car or used car. petrol one or diesel. soon india might just charge 100 bux a liter and i might have to relocate to bangkok for good lol
	() Thanks

18th January 2008, 16:40	#374
keyank BHPian Join Date: Jun 2007 Location: Bangalore Posts: 72 Thanked: 5 Times	reliance prices Sorry for the off topic. can someone suggest me what's the price of petrol at reliance pump? is it less or equal or higher than in bangalore? im driving to TN t'mrrow morning TIA Karthik
	() Thanks

18th January 2008, 19:51	#375
GSMINC BHPian Join Date: Sep 2007 Location: Bangalore Posts: 395 Thanked: 197 Times	I dont understand how the GOVT can charge 40% of the petrol price as various taxes. We in bangalore pay the highest for a litre of petrol & diesel the petrol prices across the nation are: Prices in MetrosDelhi43.52Kolkata46.86Mumbai48.38Chennai47.4 4[COLOR=#0000ff]Previous Prices (PDF)[/COLOR] Petrol Prices Across State Capitals NorthChandigarh44.08Dehradun44.53Jaipur46.45Luckno w46.37Shimla45.65Srinagar46.11Jammu44.77EastAgarta la42.92Aizwal42.66Bhubhaneswar44.53Gangtok45.64Guw ahati45.48Imphal42.13Itanagar42.93Kohima43.28Patna 46.45Portblair37.82Ranchi43.94Shillong43.17WestAhm edabad47.74Bhopal46.95Panjim44.33Raipur44.79SouthB angalore50.58Hyderabad48.79Pondicherry41.70Trivand rum46.01 the deisel prices across the nation are: Prices in MetrosApplicable from: June 06, 2007Delhi 30.48Kolkata32.87Mumbai34.94Chennai33.30 Diesel Prices Across State Capitals NorthChandigarh30.63Dehradun32.67Jaipur33.05Luckno w33.63Shimla31.37Srinagar31.94EastAgartala30.45Aiz wal30.26Bhubhaneswar33.49Gangtok33.23Guwahati31.38 Imphal30.16Itanagar30.43Kohima30.48Patna32.96Portb lair29.20Ranchi32.99Shillong30.56WestAhmedabad35.2 1Bhopal34.78Panjim33.17Raipur34.11SouthBangalore35 .23Hyderabad33.80Pondicherry31.60Trivandrum33.71Al l these data has been compiles from Indian Oil website-www.iocl.com As per this information A litre of petrol costs highest in Bangalore at Rs.50.58 & costs cheapest in Port Blair(Andaman & Nicobar) at Rs.37.82. A litre of diesel costs highest in Bangalore at Rs.35.23 & costs cheapest in Port Blair(Andaman & Nicobar) at Rs.29.20. As none of us could drive down to Port Blair to tank up our cars & bikes, the cheapest petrol/litre on the Indian mainland would be Pondicherry at Rs.41.70 The cheapest diesel/litre on the Indian mainland would be Imphal at Rs.30.16 ( Infact diesel is cheapest in the North-Eastern states, wonder why? ) As a Bangalorean I just cant digest the fact that we in the city pay the highest. So what I try to do is avoid tanking up in bangalore when travelling out of state. Atleast I say 3-4 rupees/litre.
	() Thanks