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Petrol-Diesel pricing is free from Govt control now

Discussion in 'Hangout' started by Ravi, Jun 25, 2010.

  1. ditto here.. :drinks

    (and ..as your loc says, if kerala happens to be not just ur work loc, but ur native too, then we have another :drinks to share)
  2. royj

    royj Esperto

    :-D We have more things in common LOL :drinks
  3. Sumit

    Sumit Superiore

    Re: Diesel prices decontrolled

    i think u r right mr.cliffhanger
  4. VahanPujari

    VahanPujari Staff Member Janitor

    Merged 2 related topics
  5. Shell petrol price in chennai is 61.50 against the PSU price of Rs. 55.92 !!!

    Too big a difference despite freeing of petrol prices.
  6. johnny

    johnny Regolare

    Greater Noida
    Greater Noida
    Grande Punto 1.3
    After reading this post I got a touch of nostalgia.

    My first vehicle was a Yezdi motorcycle which I bought in 1974. As usual, most of us were cash-strapped. So when filling up fuel, especially in the second half of the month, you filled in fuel for Rs.2/=. That gave you 1.2 litres of petrol with adequate oil mixed. When you were feeling rich, you filled in fuel for Rs.5/=. That gave you a lot of petrol !

    As they say, those were the days......

  7. HarishSegar


    Rs. 2 and Rs. 5 !!! You cant even park you car nowadays for that much :A
  8. mescotc

    mescotc Amatore

    Boisar , Tarapur
    Hey Guys ,
    Don't worry , Govt. can't afford to de-regulate diesel prices, as it would be directly linked to inflation rise ! I don't forsee diesel de-regulation in near future ,
    Certainly there might be some price rise in Diesel , but there will be double price rise in petrol ( to stabilise diesel prices ), So the effective gap betwn. Petrol-Diesel will be roughly remain same.
    But Enviro min. Jairam Ramesh Last Statement , Reg. Diesel Guzzlers/thirsty SUV's is very much valid , Gov. is seriously trying to contol the (Mis)Use of diesel by ones who can afford petrol (SUV owners ) , Hence we can see a change in Govt. policies of SUV's , which will force SUV manuf. to reduce no. of Diesel engines & opt for Petrol ones. Govt. has to take this decision bcoz , They cannot sell Diesel at different prices a ) for Heavy Commercial vehicles & b) Cars , SUV'S etc. as it would lead to black Mktg.

    But as far as MJD 1.3 & probable 1.6 are concerned , need not worry at least for few more yrs. to come !

  9. Pran

    Pran Superiore

    Grande Punto 1.3
    The big engines are already attracting more taxes, so asking more from SUV owners again is not fair.
  10. BPCL hikes petrol prices by Rs 2.96 per litre from midnight - The Times of India


    Bharat Petroleum Corporation Limted has hiked petrol prices by Rs 2.96 per litre. The hike will come into effect from midnight. The move follows international crude oil prices touching the $90 per barrel mark.

    Retailer Indian Oil Corporation is also likely to announce a hike. IOC and other state retailers Hindustan Petroleum (HPCL) and BPCL are losing Rs 4.17 per litre on selling petrol.

    A hike in diesel rates is likely to be considered by an Empowered Group of Ministers headed by Pranab Mukherjee on December 22.

    The basket of crude oil India buys was at $89.34 per barrel on Monday. It has averaged $88.47 per barrel in December as against about $79 a barrel at the time of last hike in petrol price on November 9.

    Even though petrol price was freed from the government control in June, state-run retailers informally consult the oil ministry before revising domestic rates.

    They had on November 9 raised petrol price by Rs 0.32 per litre to Rs 52.91 a litre in Delhi even through the desired increase was about Rs 1.1 per litre.

    On diesel, the three firms are losing about Rs 5 a litre. A fuel price hike was planned after the winter session of Parliament ended on December 13. If prices are not revised, IOC, BPCL and HPCL are likely to end the fiscal with close to Rs 67,000 crore revenue loss on sale of diesel, domestic LPG and kerosene below cost.

    The oil retailers lose Rs 272.19 on the sale of every 14.2-kg LPG cylinder and Rs 17.72 per litre of kerosene.

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