Rise & Fall Of Fuel Prices in India


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adivik

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IndicaDLS2002 said:
Important question is what about contingency plan for emergencies?! This could get controversial.

conserve oil: Fuel Pump to be shut: Petrol pumps in eight states to be shut on Sundays from May 14
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This has nothing to do about conserving oil. It is about a strike against the pressure felt by the dealers due to lesser commissions and a crackdown on some of their malpractices reducing thier fuel margins.

This is not a political thread, but Neither the PM nor the Govt has asked these bunks to shutdown on Sunday but this is just a statement by these associations which is being played up certain Media for their own reasons. If they really felt the conserving oil- they and thier families can freely sell their private vehicles and use public transport. this is otherwise called as Damki.
 
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gearhead2

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adivik said:
This has nothing to do about conserving oil. It is about a strike against the pressure felt by the dealers due to lesser commissions and a crackdown on some of their malpractices reducing thier fuel margins.

This is not a political thread, but Neither the PM nor the Govt has asked these bunks to shutdown on Sunday but this is just a statement by these associations which is being played up certain Media for their own reasons. If they really felt the conserving oil- they and thier families can freely sell their private vehicles and use public transport. this is otherwise called as Damki.
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adivik said:
Government says it will invoke Essential Commodities Act if the Petrol Bunk owners plan to go with their Sunday strike Sunday off for petrol pumps could invoke ECA, says government | Business Standard News
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Thank you Aditya for both these very pertinent observations. The dealers cabal have had a smooth ride till now - the present dispensation is cracking down on various malpractices and thus these idiotic protests. The interested parties should read the writing on the wall, that the "business as usual" days may well be over for the cosy vested interest coterie - including the Petrol Bunk owners.
A government which can do away with the "lal batti" birth right of netas, obviously means business.
 
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J.Ravi

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Today, I had my son's Classic 500 filled with petrol, costing ₹ 70.99/litre in Bangalore, compared to ₹ 72.35/litre in Chennai. Diesel price is also less [by about ₹ 3/litre] in Bangalore than Chennai. Historically, Bangalore's fuel prices used to be costlier than Chennai's. We used to have fuel at Hosur, TN after exiting/before entering KA. Now, the situation is completely changed, thanks to the reduction of VAT by KA. I don't know, when will TN follow KA's footsteps. [frustration]
 
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adivik

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J.Ravi said:
Today, I had my son's Classic 500 filled with petrol, costing ₹ 70.99/litre in Bangalore, compared to ₹ 72.35/litre in Chennai. Diesel price is also less [by about ₹ 3/litre] in Bangalore than Chennai. Historically, Bangalore's fuel prices used to be costlier than Chennai's. We used to have fuel at Hosur, TN after exiting/before entering KA. Now, the situation is completely changed, thanks to the reduction of VAT by KA. I don't know, when will TN follow KA's footsteps. [frustration]
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KA has done this only this year with a view on elections, irrespective of who comes to power in KA, VAT on Petrol and Diesel will be increased to control budget defecits.
 
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J.Ravi

J.Ravi

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adivik said:
KA has done this only this year with a view on elections, irrespective of who comes to power in KA, VAT on Petrol and Diesel will be increased to control budget defecits.
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Enjoying the cheap fuel as long as it is available! [clap] Today, my XUV 500 had tankful of diesel, costing ₹ 59.19/litre as against Chennai's ₹ 61.43/litre. With a range of ~900 km, I hope to drive to and fro Chennai and have a refill at Bangalore by next month! [;)]
 
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Coimbatore_Baleno

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how are the fuel prices in India set? if i am correct, it has to be based on world indices like WTI or Brent Crude. however, what is the correlation between either of the indices to the price in India for petrol?
 
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vijay_968

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Coimbatore_Baleno said:
how are the fuel prices in India set? if i am correct, it has to be based on world indices like WTI or Brent Crude. however, what is the correlation between either of the indices to the price in India for petrol?
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Info is available in this link here.

Towards the end in above Link, you would find --- “…we are going to tax people who can afford to pay. Somebody who has a car, bike; certainly he is not starving. Somebody who can afford to pay, has to pay.” This is supposed to be said by H'nble Union Cabinet minister KJ Alphons. SHOCKED I WAS. Googled to see if H'nble Minister really said that. Same is reported by The Hindu (here), and also by Financial Express (link here).

H'nble Minister has also stated that "The money collected as taxes, goes for implementing welfare schemes for the poor" [clap]

But as an Indian Citizen I have seen so many small time vendors and workers use a two-wheelers, like the tiny Moped or a basic 100CC Bike. These people are "Milk Men, Newspaper vendors, Veg vendors, flower vendors, tea-shop owners, and almost anyone running a tiny shop or working in a slightly bigger shop or constructions workers". These guys may earn mere Rs 300 to Rs 600 per day.

My beloved Government takes some Rs 20+ per day from them (tax on 1 Lit Petrol) and gives back Rs 10 - 15 per day, under welfare schemes ? [roll]

I prefer to keep my mouth SHUT and bang my head [frustration] than being called Uncle-Indian.
 
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J.Ravi

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J.Ravi said:
Enjoying the cheap fuel as long as it is available! Today, my XUV 500 had tankful of diesel, costing ₹ 59.19/litre as against Chennai's ₹ 61.43/litre. With a range of ~900 km, I hope to drive to and fro Chennai and have a refill at Bangalore by next month!
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Yes, I did that! [clap] Yesterday, P Cheetah had a tankful of diesel of 58.79 litres @ ₹ 59.53/litre at HP AUTO S/C, Basaveswara Nagar, Bangalore, during its Chennai>Bangalore>Chennai drive on 16/17/18 Dec 2017. I hope to repeat this in January 2018! [;)]
ChennaiBloreChennai18122017.jpg
 
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