Rise & Fall Of Fuel Prices in India

[vijay_968]

I hope everyone is noticing the price gap reducing drastically between Diesel and Petrol in the past few months. The price difference in Chennai and TN is at Rs.4.33 as of today which was above Rs.6 a month back.
I guess buying Diesel cars don't make sense in sub 15 Lakh category anymore. The need of the hour is a host of turbo petrol engines.

In a way TRUE, and in a way NOT.

TRUE : Though I chose a diesel version for its "Low cost Fuel and better FE", I got addicted to the massive Torque the diesel engine offers. Six years down the line, if I have to choose between current Verna's 1.6 VTVT and 1.6 CRDi engines, VTVT Petrol is the obvious choice.


NOT : Turbo-Ps will have to do quite some catching up with Turbo-Ds on the Torque front. When they do catch up, they loose out on the Cost front. See these below:

1. Consider "Ecosport 1.0L EcoBoost Turbo-P with 170 Nm torque" and "Brezza 1.3L DDiS Turbo-D with its 200 Nm". Brezza is cheaper and the Diesel wins.
2. Consider "Polo GT TSi 1.2L Turbo-P with 175 Nm and Polo GT TDI 1.5L Turbo-D with 250 Nm". The twins are priced same. As the Diesel has better FE, masses will go with the Diesel (True GT fans don't care about the economics and will stick with the TSi).
3. Consider "Baleno RS 1.0L Turbo-P with 150 Nm and Baleno Alpha 1.3L DDiS Turbo-D with 190 Nm". The Petrol is cheaper by a little margin. Few dedicated RS fans will continue to buy the Turbo-P, but, most buyers will select the Diesel due to its FE.

Unless the Turbo-P engines are competitively priced, they won't make a difference in the market. But, if the current Fuel pricing policy is continued, Petrol cars will be sold more.

I AM Confused :

• With more Petrol cars sold, more Petrol will be needed. But, worry NOT; yield of Petrol is 30-40% more than that of Diesel, when refining a barrel of crude oil. So, For a given input number of Barrels, Oil Cos will have more Petrol to sell; get more turn over, get more Profit and give MORE DIVIDEND to Govt (please correct me, if I am wrong). Less "Particulate Matter Emissions" and good for environment.
• Increasing Diesel price towards Petrol price, pushes up commodity prices and majority of the population gets affected. Then govt has to spend money (it got in the form of Dividend) on welfare schemes (read freebies) to prop up Public Morale.

Arghhhh ... I don't know what to feel

 

[Figoian]

I hope everyone is noticing the price gap reducing drastically between Diesel and Petrol in the past few months. The price difference in Chennai and TN is at Rs.4.33 as of today which was above Rs.6 a month back.
I guess buying Diesel cars don't make sense in sub 15 Lakh category anymore. The need of the hour is a host of turbo petrol engines.

Diesel cars didn't make sense right after deregulation of diesel prices in 2012. However, the difference was narrowing down and it's too less to even consider now. IMO, diesel will make sense only for taxis going forward and that too will not if the price evens up.

Secondly, considering the emission issues, diesel cars are one of the first few to be affected.

Turbo Charged Petrol with Automatic Transmission is the way forward.

 

[Nairrk]

Petrol Price Cut Again, Total Reduction Reaches Rs 4.05 in 18 Days

In Delhi, petrol now costs Rs 78.78 per litre, while diesel is priced at Rs 73.36.
In Mumbai, petrol now costs Rs 82.28 and diesel Rs 76.88

Petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai on Oct. 4. Diesel on that day had peaked to Rs 75.45 a litre in Delhi and Rs 80.10 in Mumbai.

 

[IndicaDLS2002]

This is too cheap now to burn exorbitant fuel especially within cities & if its just one person in a single car! Just ride and return and electric!

http://faebikes.com/

https://auto.economictimes.indiatimes.com/news/two-wheelers/scooters-mopeds/fae-bikes-partners-okinawa-orders-70-units-of-ridge-e-scooters/66411882

 

[Nairrk]

Fuel Prices Drop Further By 22-24 Paise Ahead Of New Year's Eve

On December 30, Sunday, petrol prices were slashed by 22-24 paise, while prices on diesel dropped by 23-25 paise. The price for petrol in Delhi now standard at ₹ 69.04 per litre while that for diesel is now at ₹ 63.32 per litre.

Prices in Gurugram for today are ₹ 70.23 per litre while diesel stands at ₹ 63.25 per litre. Meanwhile, petrol in Kolkata costs ₹ 71.15 per litre and diesel is now below the ₹ 65 mark at ₹ 64.84 per litre. In Chennai, petrol is priced at ₹ 71.62 while diesel is priced at ₹ 66.59 per litre.

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[THE_DRIFTER]

Just today, did a tankful in my Manza QJet and diesel costed me just Rs.2790 to fill her 44 litre tank and just saw a Maruti Alto which got 30 litre petrol for Rs.2230
which simply means going for a diesel car instead of petrol just for fuel costs is not neccessary now given margin between Diesel and Petrol is very less now.
But... I got my diesel just for the T-O-R-Q-U-E-Y nature of diesel engines!!

 

[Nairrk]

Fuel Prices Dip Further To Its Lowest On The Last Day Of 2018

The new retail price for Petrol in Delhi has dropped to ₹ 68.94 from ₹ 69.14 while the retail price for Diesel has dropped to ₹ 62.95 from ₹ 63.18.

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[Nairrk]

Fuel Prices Rise In Karnataka As State Government Hikes Taxes By 2 Per Cent

The Karnataka coalition government increased the state tax on petrol and diesel by 2 per cent with effect from January 1, said an official statement on Saturday. "As the fuel prices declined after fall in crude oil rates in the overseas market since November, the state tax has been revised 2 per cent to 32 per cent on petrol and to 21 per cent on diesel since January 1, 2019," said a statement by the chief minister's office here.

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[Nairrk]

Fuel Prices Hiked In Delhi After A Series Of Reduction

The retail price of diesel in the capital has been increased by 8 Paise to ₹ 62.24 from ₹ 62.16 and the retail price of petrol went up by 20 Paise to ₹ 68.50 from ₹ 68.30.

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[Nairrk]

Fuel Prices Continue To Soar In 2019

The price of diesel was increased by 30 Paise today and the petrol price went up by 28 paise. Moreover, the retail price of diesel in Delhi increased from ₹ 64.18 paise to ₹ 64.48 paise and the retail price for petrol in the national capital went up from ₹ 70.13 to ₹ 70.41. The fuel prices have been increased for the seventh time in 2019.

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[Nairrk]

Diesel Price Witnesses A Marginal Surge

The retail price of diesel has again inched up by 10 paise to ₹ 66.01 per litre in Delhi, however, there hasn't come any notification about the petrol price which at present is selling at ₹ 71.27 per litre. The retail price of the diesel has witnessed a hike for the eighth time in a month. The retail price of diesel in the capital was ₹ 62.16 per litre whereas petrol was selling at ₹ 68.30 per litre in the first week of January 2019.

Petrol in Gurugram is being retailed at ₹ 71.99 per litre and ₹ 70.97 in Noida. Diesel is priced at ₹ 65.76 per litre in Gurugram and ₹ 65.15 in Noida. Even in Mumbai, the prices are the same at ₹ 76.90 per litre for petrol and ₹ 69.11 per litre for diesel.

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[Nairrk]

Petrol, diesel prices to cost more in Uttar Pradesh after hike in VAT

A litre of petrol will now cost 98 paise more across the state while a litre of diesel has become dearer by Rs 2.35. The rise in prices of the fuels comes after the state government decided to increase VAT on petrol to 26.80% while that on diesel to 17.48%. The new and hiked prices came into effect at midnight between Monday and Tuesday.

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[Nairrk]

Petrol, Diesel Prices Continue Downward Trend

On Friday, petrol prices in Delhi and Mumbai fell down by 12 paise a litre; 11 paise/litre in Kolkata and 13 paise/litre in Chennai. Similarly diesel rates have also come down by 15 paise/litre in Delhi and Kolkata, and 16 paise/litre in Mumbai and Chennai. According to the Indian Oil website, petrol rates in Delhi, Kolkata, Mumbai and Chennai are: Rs 73.42/litre, Rs 76.07/litre, Rs 79.03/litre and Rs 76.25/litre respectively. The diesel rates in these four metro cities are: Rs 66.60/litre, Rs 68.96/litre, Rs 69.81/litre and Rs 70.35/litre respectively. Fuel rates were last increased on September 30 and since then the rates have been falling much to the relief of the consumers in this festive season.
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[Nairrk]

Petrol, diesel prices slashed across metro cities. Check revised rates

Fuel prices in major metro cities across the country dropped on Friday. The prices of petrol and diesel had remained consistent for two consecutive days. Petrol prices lowered by 2-6 paise/litre, while diesel prices decreased by 2-5 paise/litre across major cities of the country.

In Delhi, the price of petrol dropped by 6 paise/litre, while the price of diesel were slashed by 5 paise/litre.

In Mumbai and Chennai, the petrol rate was reduced by three paise/litre. In Kolkata, the petrol price was down by 2 paise/litre.

The diesel rates dropped by 3 paise/litre in Chennai and 2 paise/litre in Kolkata and Mumbai.

According to the Indian Oil website, the petrol rates in Delhi, Kolkata, Mumbai and Chennai were Rs 72.96/litre, Rs 75.55/litre, Rs 78.51/litre and Rs 75.69/litre respectively.

The diesel rates after the decline were Rs 65.80/litre, Rs 68.19/litre, Rs 68.99/litre, Rs 69.52/litre respectively.

In the past month, petrol and diesel rates have come down by Rs1.50/litre, giving a slight relief to the consumers.

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[Nairrk]

Fuel prices continue downward trend. Check revised rates of petrol, diesel

Fuel prices continued a downward trend across four metro cities on Monday. While petrol prices dropped for the fourth consecutive day diesel prices also registered a decline after a two-day break.

Petrol prices in Delhi, Mumbai and Chennai were reduced by nine paise per litre, while in Kolkata there was a reduction of eight paise per litre.

According to the Indian Oil website, petrol in Delhi is now priced at Rs 72.65 per litre. While in Kolkata, Mumbai and Chennai, petrol is now priced at Rs Rs 75.37, Rs 78.33 and Rs 75 per litre respectively.

Diesel prices in the four metros have come down to Rs 65.75, Rs 68.16, Rs 68.96 and Rs 69.50 per litres respectively.

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