The Official Fuel Prices Thread

SimplySooperCar · 20th January 2009, 11:02

When the crude price was sky high at $140/brl retail price in bangalore was Rs.62/ltr and as per the Govt. argument it was loosing around Rs.17/ltr. So the actual cost of petrol should had been Rs.79/ltr. Also the $ exchange rate was around 40. If we go by the same formula and check what should be the correct price of petrol now when the crude price is hanging around $40/brl is Rs.28/ltr. But the B+++S+++ Govt.

is not reducing the price. Even if they reduce it will only be Rs.5-8. All the Govt. are same, and they sqeeze the common man.
Articles on the net are pointing out that tax component on Petrol is same across Europe and India at around 55% but in US it is around 18%. It seems its mainly beacuse of the low collection in direct taxes in India where as in the US it is on the higher side. Why the hell Govt. should collect more indirect tax through Fuel from salaried class and people who are paying Income tax promptly?

I feel Govt. should come out with a scheme for reduced indirect taxes for people who pay Income tax promptly!!!

rjvora_2000 · 20th January 2009, 11:17

Still they are delaying this price reduction matter only for this election and nothing else.

mandyrana · 20th January 2009, 16:36

I am still hoping that price will redulce this week. Govt promised this reduction to be happned on last thursday, but no sign of relief. Looks like they made fool of truckers and everyone. Price is around $37 now

rjvora_2000 · 20th January 2009, 17:21

I think they will reduce the price in February month only. so that will help them in election.

ravibhat · 21st January 2009, 19:09

I waited for ever for price cut, today tanked up the car. I feel they are delaying as much as they can just before election is announced they would bring price cut.

Very bad government! :( I felt so bad on government policies for looting common man's hard earned money.

Regards,

Ravi.

bblost · 21st January 2009, 19:10

am off on a 2k kms ride.
Would have saved some money if they had dropped the price.

Anyway as the old saying goes, "Good weather is more important than low fuel prices".

rjvora_2000 · 22nd January 2009, 09:01

Quote:

Originally Posted by ravibhat

I waited for ever for price cut, today tanked up the car. I feel they are delaying as much as they can just before election is announced they would bring price cut.

Very bad government! :( I felt so bad on government policies for looting common man's hard earned money.

Regards,

Ravi.

Ravi fully agree with you and your pain. I have a same feeling but at the same time I unfortunately know that whether it is this government or any other government same things will happen to we Indians.

Rupesh Vora.

rjvora_2000 · 23rd January 2009, 10:52

This is on the front page.

The Official Fuel Prices Thread-ccf23012009_00000.jpg

vasudeva · 23rd January 2009, 15:40

The PM is supposed to be admitted to hospital today. Perhaps we can forget about any cut till he is released (either way).

hrishig · 23rd January 2009, 17:10

We are waiting for this from sooo long time. When this will happen?

Fountainheader · 23rd January 2009, 17:16

Quote:

Originally Posted by vasudeva

The PM is supposed to be admitted to hospital today. Perhaps we can forget about any cut till he is released (either way).

He's going to have heart bypass surgery. So guess by the time he recovers, the EC would be out with poll dates!

snaronikar · 23rd January 2009, 17:23

The so called No.2 in the government called Pranab Mukherjee or the mentor of UPA can take the decision. Hope it is done sooner.

@rjvora: Whatever you have put up the photograph comes true.

vasudeva · 23rd January 2009, 17:23

Quote:

Originally Posted by Fountainheader

He's going to have heart bypass surgery. So guess by the time he recovers, the EC would be out with poll dates!

Perhaps, there might be a political coup, or perhaps Mr. Singh has been admitted to save the bother of reducing prices.

BenjiRoss · 27th January 2009, 16:01

Hmm... no price cut as yet. I filled up 10 liters a couple of days ago but would like to tank up once they cut prices

sgiitk · 27th January 2009, 16:23

Look at it this way. 10l at 3 per litre is a Rs.30 saving. So not worth bothering much.

20th January 2009, 11:02	#1111
SimplySooperCar Newbie Join Date: Jan 2008 Location: Bangalore Posts: 14 Thanked: 0 Times	When the crude price was sky high at $140/brl retail price in bangalore was Rs.62/ltr and as per the Govt. argument it was loosing around Rs.17/ltr. So the actual cost of petrol should had been Rs.79/ltr. Also the $ exchange rate was around 40. If we go by the same formula and check what should be the correct price of petrol now when the crude price is hanging around $40/brl is Rs.28/ltr. But the B+++S+++ Govt. is not reducing the price. Even if they reduce it will only be Rs.5-8. All the Govt. are same, and they sqeeze the common man. Articles on the net are pointing out that tax component on Petrol is same across Europe and India at around 55% but in US it is around 18%. It seems its mainly beacuse of the low collection in direct taxes in India where as in the US it is on the higher side. Why the hell Govt. should collect more indirect tax through Fuel from salaried class and people who are paying Income tax promptly? I feel Govt. should come out with a scheme for reduced indirect taxes for people who pay Income tax promptly!!!
	() Thanks

20th January 2009, 11:17	#1112
rjvora_2000 Senior - BHPian Join Date: Mar 2008 Location: Mumbai/Mulund Posts: 1,664 Thanked: 56 Times	Still they are delaying this price reduction matter only for this election and nothing else.
	() Thanks

20th January 2009, 16:36	#1113
mandyrana BHPian Join Date: Sep 2007 Location: Faridabad Posts: 180 Thanked: 18 Times	I am still hoping that price will redulce this week. Govt promised this reduction to be happned on last thursday, but no sign of relief. Looks like they made fool of truckers and everyone. Price is around $37 now
	() Thanks

20th January 2009, 17:21	#1114
rjvora_2000 Senior - BHPian Join Date: Mar 2008 Location: Mumbai/Mulund Posts: 1,664 Thanked: 56 Times	I think they will reduce the price in February month only. so that will help them in election.
	() Thanks

21st January 2009, 19:09	#1115
ravibhat Senior - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 2,256 Thanked: 37 Times View My Garage	I waited for ever for price cut, today tanked up the car. I feel they are delaying as much as they can just before election is announced they would bring price cut. Very bad government! :( I felt so bad on government policies for looting common man's hard earned money. Regards, Ravi.
	() Thanks

21st January 2009, 19:10	#1116
bblost Team-BHP Support Join Date: Jul 2007 Location: Hyderabad Posts: 11,137 Thanked: 16,464 Times View My Garage	am off on a 2k kms ride. Would have saved some money if they had dropped the price. Anyway as the old saying goes, "Good weather is more important than low fuel prices".
	() Thanks

23rd January 2009, 10:52	#1118
rjvora_2000 Senior - BHPian Join Date: Mar 2008 Location: Mumbai/Mulund Posts: 1,664 Thanked: 56 Times	This is on the front page.
	() Thanks

23rd January 2009, 15:40	#1119
vasudeva Senior - BHPian Join Date: Mar 2007 Location: Delhi Posts: 2,223 Thanked: 212 Times	The PM is supposed to be admitted to hospital today. Perhaps we can forget about any cut till he is released (either way).
	() Thanks

23rd January 2009, 17:10	#1120
hrishig BHPian Join Date: Apr 2007 Location: Pune Posts: 466 Thanked: 182 Times	We are waiting for this from sooo long time. When this will happen?
	() Thanks

23rd January 2009, 17:23	#1122
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 31 Times View My Garage	The so called No.2 in the government called Pranab Mukherjee or the mentor of UPA can take the decision. Hope it is done sooner. @rjvora: Whatever you have put up the photograph comes true.
	() Thanks

27th January 2009, 16:01	#1124
BenjiRoss Senior - BHPian Join Date: Jul 2008 Location: Tamilnadu Posts: 1,070 Thanked: 1,332 Times	Hmm... no price cut as yet. I filled up 10 liters a couple of days ago but would like to tank up once they cut prices
	() Thanks

27th January 2009, 16:23	#1125
sgiitk Senior - BHPian Join Date: Dec 2007 Location: Gurugram Posts: 7,971 Thanked: 4,799 Times	Look at it this way. 10l at 3 per litre is a Rs.30 saving. So not worth bothering much.
	() Thanks