Diesel vs Petrol Cars in 2013 Scenario!

[Rightnow]

anyways for those who thinking petrol has gone up 1.50 & diesel only 0.45 & assuming nothing has changed are probably wrong because the petrol hike might well be the only hike till 2014 whereas Diesel hikes every month are a given ...

There is possibility that petrol prices may come down due to reduction global prices, but diesel will only go up and up until the market price level is reached.

@All
I would like to correct myself for the post no. 51 that I made, the corrected equation is:

Total subsidy on fuel = one third is borne by oil marketing companies like IOCL, BPCL as losses + one third is paid back by government to oil marketing companies + one third is paid by exploration companies (ONGC, OIL and GAIL) to the oil marketing companies.

So those getting confused whether oil marketing companies actually make losses or not- yes they do, but only one third of the total subsidy losses.

Also regarding VAT- State government pays nothing to the central government from whatever they earn from VAT. All the collected VAT remains with state government only.

Source: A senior personnel from an oil marketing company told me all the above.

 

[IndicaDLS2002]

There was two-day nation-wide strike/bandh few days back to protest fuel & other prices rising. Wondering what impact if any it had on the govt decision to raise diesel prices each month till market prices are reached? Rail budget is out & they have hiked the freight rates as well due to fuel price hikes! Sensex tanked 316 points! Just wondering where this is all going?

 

[IndicaDLS2002]

Totally crazy, I think I was wrong in starting this discussion on whether to choose a petrol car or diesel car. The right thing to discuss would be whether to buy car or bicycle!!

Petrol price hiked by Rs 1.40 per litre with effect from Friday midnight - Business - IBNLive

 

[anshuman8]

The fuel prices are absolutely politically controlled by GOI. The amount of taxes from it which land into politicians coffers, so they will never let the prices come down.

Petrol or Diesel prices will keep rising and now a days OMCs are lying on face to jack up prices.

When will good days come back...

Anshuman

 

[S Class]

Today petrol price again hiked by Rs.1.4+taxes. Even before, it was hiked by similar amount. So, effective price hike in petrol in past 1-1.5 months is Rs.3 + taxes, which is equal to 6 months hike in diesel prices @ 50p/ltr.

Seems, Govt will hike petrol prices in one shot while diesel gets EMI option.

 

[IndicaDLS2002]

Anyone know whats the CATCH in the Vento offer/deal running these days where one can exchange the old car for a VW Vento & not pay anything for a year? I am sure they are retrieving the cost somewhere! OR is that you are not getting anything for the old car at all which will be a hilarious joke if it is!

 

[Releesh]

Today petrol price again hiked by Rs.1.4+taxes. Even before, it was hiked by similar amount. So, effective price hike in petrol in past 1-1.5 months is Rs.3 + taxes, which is equal to 6 months hike in diesel prices @ 50p/ltr.

Seems, Govt will hike petrol prices in one shot while diesel gets EMI option.

After 3+ rupees increase last month, they reduced 2 rs now. We can expect 2 times increase in petrol prices next month at Rs.1.50 each and again a decrease of 2 Rs one week after that. So that they can increase Re.1 every month like this. May be they will do different patterns for this game.

Some fools like me will go and take a new petrol vehicle thinks that petrol cost will be reduced and will be equal/nearer to diesel price.(So some petrol vehicle sale will happen in between and the manufactures also happy!)

 

[IndicaDLS2002]

May be they will do different patterns for this game.

It appears the economy is cooling down so I read "price of petrol fell to $120.43 a barrel on March 13 from $123.54 a barrel on March 1." in the article below which seems to be the reason for fluctuating prices & ups & downs. this month they did not also do the regular 50 paise diesel raise due to the same reason I guess ... but yes people(include me) who have to decide between petrol/diesel car buying must be going totally nuts!

Petrol price cut by Rs 2 per litre effective midnight tonight - NDTVProfit.com

 

[Releesh]

In the Manorama news paper (Malayalam Daily), the crude oil barrel price updated as $110./barrel. I remember i read earlier in the paper, the rate of crude which India buy is different

 

[IndicaDLS2002]

Article in Business times today.

Article Window

 

[krish_go]

Petrol price went down by 80 p from 1st April. Why cant Diesel be reduced?

 

[Raja]

Petrol price went down by 80 p from 1st April. Why cant Diesel be reduced?

Rather diesel will be increased every month now .

 

[Rightnow]

Petrol price went down by 80 p from 1st April. Why cant Diesel be reduced?

Seriously man. Petrol and Diesel are like brothers afterall. Why this discrimination among brothers?

 

[IndicaDLS2002]

Rather diesel will be increased every month now .

Yeah I agree, since they have decided to remove the diesel fuel subsidy altogether, I think there is no question of reducing diesel prices at least until hits free market price (read shell pump diesel price), after that diesel may move up & down with crude I guess?

 

[bReeze AkA brIo]

Seriously man. Petrol and Diesel are like brothers afterall. Why this discrimination among brothers?

Diesel is being provided free accomodation (subsidy) by center, while Petrol is left to find its own shelter. Hence the difference.

So, once both brothers are left to find their own shelters, equality would come into place. Till then, lets and wait.