Petrol price may rise by Rs.5/L, diesel Rs.3/L, LPG Rs.50/cylinder

Petrol may rise Rs 5/litre, diesel Rs 3 - The Times of India

Why dont they fix the petrol price at Rs.100/L, diesel at Rs.80/L and LPG at Rs.700/cylinder instead of this drama every few months? :evil:

Well, Happy to use Local Trains

.
Even after raising prices every now and then, they (Govt.) say we are running into losses, and when you raid their homes, you find money well (similar to an oil well), funny!

What about the common man.How can anyone survive in these expense.Now everything will rise.Bus prices,auto prices,food prices done

Time for most of the indians to demand for "GOOD PUBLIC TRANSPORTATION" instead of crying for the petrol & diesel hike.

serpent16 said:
What about the common man.How can anyone survive in these expense.Now everything will rise.Bus prices,auto prices,food prices done

Common Man will change to Con Man.
I'm damn sure Auto Drivers will demand minimum fare of 25 Rupees and a Minimum Monthly earning of 40k, maybe many while collar guys will drive an auto due to assured earnings

T

My office is just 3 KM away so Petrol Hikes doesn't bother me at all. But LPG Price Hike stinks.

I guess its time to get back to the Lakdiwala Chulha

montsa007 said:
Common Man will change to Con Man.
I'm damn sure Auto Drivers will demand minimum fare of 25 Rupees and a Minimum Monthly earning of 40k, maybe many while collar guys will drive an auto due to assured earnings

Yeah.Worst part is food rates increasing.
Either price remains same-with lesser quantity

Alternate sources of energy need to be developed. Inflation will never end unless we find a way to not rely on conventional sources of energy and feed the suckers money.

Found this something over the net

*www.toonpool.com/user/1631/files/high_jump_239695.jpg

serpent16 said:
Yeah.Worst part is food rates increasing.
Either price remains same-with lesser quantity

Ya, also read somewhere that you now pay almost double for basic commodities than what you used to pay in 2004 when the current corrupt UPA government came to power. :shock:

And that's true.

^^ I read that today in TOI.
Cabbage costs up by 300 %

our econmomy might collapse if the population and basic aminities will keep rising like this

Not surprising considering our heavy reliance on a commodity that is scarce in our own lands.

I would much rather petition for better public transportation than giving us subsidies on fuel.

M

Indian Govt. = :lol:

This "Petrol may rise Rs 5/litre, diesel Rs 3" is not happening guys..

they are just misleading.. in reality they will hike Petrol by Rs 3 and diesel by Rs 2 and then they will say they did everything to stop it but couldnt control it beyond these new prices

Its very late increase IMO.
And I've expected more increase in price.

Public transport is something which the govt can try to work more on. I still see lot of people using public transport.
Is there anyway to file a petition asking the salaries of these MP's and MLA's to be reduced. Maybe they can use the money saved in putting for the extra price of buying petroleum.

The profit of a businessman is decreasing and these guys keep on increasing the prices of petrol on all.How will the people survive!!!

lazy scientists, cant even get the resources we need from the earth
diesel prices affect public transport
bus prices are expensive now, 20 Rs used to be enough to go all the way around town and back, now you need at least 50 Rs

Guess I need to tank up today before the prices increase...

R

abhijit_reddevil said:
Ya, also read somewhere that you now pay almost double for basic commodities than what you used to pay in 2004 when the current corrupt UPA government came to power. And that's true.

Its Not in India, worldwide Food costs have gone up!

This is too much of a rise now

Keep it increasing , we are addicted of this.

all blames goes to collapse of inr against dollar

^
Falling rupee to benefit IT cos - Times Of India

some companies from sectors like software, pharmaceuticals and metals & mining which stand to gain from the sliding rupee

also related

*business.rediff.com/slide-show/201...-why-china-keeps-its-currency-undervalued.htm

big part of the prolem is that fuel was always subsidized here, the govt is actually paying for a lot of your fuel

*www.iea.org/papers/2009/petroleum_pricing.pdf

India's import is much much bigger than its export so overall rupees decline will effect us badly.btw subsidy on petrolum products is just a joke bcoz our government impose huge taxes on these. These taxes are much bigger than the subsidy.

Efficient public transport is needed. That's all.

Effective public tranport does not means that we will get low cost transport.japan and many EU countries have many times more effective public transport than ours but the cost of transportation is much much higher than ours.

ico said:
Efficient public transport is needed. That's all.

abhinavmail1 said:
Effective public tranport does not means that we will get low cost transport.japan and many EU countries have many times more effective public transport than ours but the cost of transportation is much much higher than ours.

Thats because they got modern trains and Luxury buses for public transport. I don't see that happening in India in near future.
But still if some effort comes into implementing a better public transportation ( mid range luxury or atleast clean

) , it will still help people.

Public Transport is pathetically hopeless atleast in Bangalore.

Critical routes sometimes have no buses for 1 hour at a stretch and when the buses arrive, they are hopelessly crowded that it is impossible to breathe or stand in them.

We can't even sit in volvo buses (paying 5x the fares) and I remember once having to hang from a Volvo to reach my destination.

Metro is now largely a propaganda. Its taking ages to complete construction, the currently open corridor only covers a certain tiny part of the city and the rest of the metro work has resulted in most good roads being full of traffic jams.

abhinavmail1 said:
Effective public tranport does not means that we will get low cost transport.japan and many EU countries have many times more effective public transport than ours but the cost of transportation is much much higher than ours.

Public transport is still very cheap for people living in those countries. Much cheaper than using a personal vehicle. Your point is moot. Don't judge everything at the Indian scale.

Example of Gurgaon - a so called "developing" city of India. You drop me anywhere in the city, I can't reach home. Should be the story of every "city" in India. There is NO public transport at all. Reason why everyone buys a car/bike for himself. Consumption goes high. Petrol prices go up. Figure it out.

Anorion said:
lazy scientists, cant even get the resources we need from the earth
diesel prices affect public transport
bus prices are expensive now, 20 Rs used to be enough to go all the way around town and back, now you need at least 50 Rs

Bankers won't allow anytime soon to replace fossil fuel ..... don't blame scientists

ico said:
Public transport is still very cheap for people living in those countries. Much cheaper than using a personal vehicle. Your point is moot. Don't judge everything at the Indian scale.

Example of Gurgaon - a so called "developing" city of India. You drop me anywhere in the city, I can't reach home. Should be the story of every "city" in India. There is NO public transport at all. Reason why everyone buys a car/bike for himself. Consumption goes high. Petrol prices go up. Figure it out.

Not even Auto? :shock:

^^ auto, taxi can't be counted as public transport...(if you are talking to save fuel..)

Same scene around my locality

They should just drop the subsidy on petrol and diesel. Instead subsidising diesel just for public transport and the original cause "for farmers etc" should be kept.

yeah did some calculations on a normal route
takes 70 bucks worth of petrol for my 10 yo 4 stroke bike to go from my house to where my college used to be
used to take 28 bucks both ways by bus, this was considerably cheaper than using a bike
recently this went up to 50 bucks, now convenience of bike is easier at just 20 bucks more , plus no need to wait
the AC bus fare costs 80 bucks, which is more than the cost of going by bike

if they selectively subsidize based on who is using it, you will get a lot of farmers selling diesel on the sly to those malls who want to burn it for power, or maybe truck drivers... or whoever

Anorion said:
yeah did some calculations on a normal route
takes 70 bucks worth of petrol for my 10 yo 4 stroke bike to go from my house to where my college used to be
used to take 28 bucks both ways by bus, this was considerably cheaper than using a bike
recently this went up to 50 bucks, now convenience of bike is easier at just 20 bucks more , plus no need to wait
the AC bus fare costs 80 bucks, which is more than the cost of going by bike

if they selectively subsidize based on who is using it, you will get a lot of farmers selling diesel on the sly to those malls who want to burn it for power, or maybe truck drivers... or whoever

Same here. My petrol drinking (37-47 mileage) 1999 Suzuki Samurai works out to be cheaper than most public transport available for my daily commute, and even more so if you consider the fact that time is money and bikes save lots of time compared to public transport.

Seems like Bangalore prices are screwed.

Maximum route price in Delhi via DTC bus = Rs. 15.

Dhaula Kuan to Noida = over 30 km. Rs. 15 via Bus.

Dwarka to Noida = over 40 km. Rs. 20~ via metro.

One way.

^^it was like 30Rs for AC volvos in bangalore some years before.

anyways, public transport in India sucks. Being an Indian, I can't really tolerate my country to be behind in anything. Dunno why dumbarse janta and politician are happy with India being a shithole.

Take this for example - Where to stock bumper harvest? Punjab, Haryana in quandary - Economic Times

and we have crores who have nothing to eat.

^A similar case had happened related to potatoes I IIRC. Farmers were ready to sell them for 50p/kg and no body was ready to buy. And we get them at 10rs/kg. Simply wtf!!

S

I'm from Goa and we pay like Rs. 55/L for petrol.

Would have been cool if every state had the same price :evil:

Anorion said:
if they selectively subsidize based on who is using it, you will get a lot of farmers selling diesel on the sly to those malls who want to burn it for power, or maybe truck drivers... or whoever

In Andhra the free electricity for farmers was managed pretty well. Of course people might sell it off, but that is only out of a loop hole. But how much can one farmer claim, even if all the farmers sell it for black the effect wont be the same as every Audi Q7, BMW 5 series, Chev Cruze, Chev Captiva, Innova, Verna, Linea, Beat and the mighty Indica eating into subsidied fuel for private use.

It's like you go to a Mall, stand at the PVR cinemas counter and see on the ticket that your movie ticket has been subsidised by the govt. Wow! Do we need subsidies for the rich?

(Rich here is taken into account as "not poor")

robbinghood said:
Its Not in India, worldwide Food costs have gone up!

but india is producing excess of food grains and still the rates are getting higher

Hell. Petrol price increased by 7.5

.
How on earth will people live.God its time to protest.

the govt is mad, more than half cost of petrol is tax and even in 5rs hike, 3rs will for tax...

Yeah

.How can anyone survive?
Down the line i doubt UPA will die by this year please GOD make this true

.
UPA So this your present to the PEOPLE?7.50 increase in petrol.
NO THANKS!

petrol price increased by Rs 7.50 a litre

better to catch some tanga(horse ride)

peTROLL.

A

Sarath said:
They should just drop the subsidy on petrol and diesel. Instead subsidising diesel just for public transport and the original cause "for farmers etc" should be kept.

subsidy on petrol has been dropped. Its defined by market price and rupee weakness definitely is a reason. AFAIK around 40% of it is still made up by taxes. Its probably a major source of revenue of Govt, force petrol buyers to pay taxes to make up for all those tax evasions and reduce the price of kerosene, LPG, diesel etc.

i am not sure if it can possible to provide subsided diesel only for public transport and farmers. it would be easily diverted and solid for profits. May be they can somehow manage with govt controlled entities but very difficult to do with farmers.

but what if govt removes all the taxes as well as subsidies.

After hearing the news I went to get some petrol for my car. Had to wait around 90 min in the queue!!!!!!!!
There were more than 200 two-wheelers and 30 cars when my turn came and the number was increasing exponentially.
This is just hopelessness and chaos. I don't know what to say.

A

here are some interesting stats

Central and state taxes make up nearly half of petrol's pump price. The Centre levies a specific excise duty of Rs 14.35 a litre and 3% education cess to mop up Rs 14.78 out of Rs 65.64 a litre that consumers pay for a litre of petrol in Delhi.

The Delhi government makes Rs 10.94 by charging VAT at 20%. The state's take also includes VAT on dealer margin of Rs 1.49 per litre. The government's earning stood at Rs 7.99 on a litre when petrol cost at Rs 47.93 a litre in June 2010, when the fuel was decontrolled.

The Central and the state governments pocket Rs 25.72 from sale of each litre of petrol in Delhi. State-run fuel retailers actually sell the fuel to dealers at Rs 38.42 a litre. This, one could say, is the price of the product after paying for refining, transporting and other sundry costs as well as giving allowance for loss from evaporation.

State governments levy VAT on petrol ranging from 15% in Puducherry to 33% in Andhra Pradesh, making it a major source of income.

Finance minister Pranab Mukherjee said as much in Parliament on Tuesday. "Price without tax - I am taking Delhi city - per litre of petrol price would be Rs 39, diesel would be Rs 33.51, kerosene would be Rs 14.12. For kerosene, there is hardly any tax. The Central government does not have any tax. Some states have some tax, that is 4.8%; but Centre has no tax. If the excise duty, customs duty and state VAT taken together, it comes to Rs 26.55," he said while replying in the debate on the Finance Bill.

But he was also candid enough to point out that it was not easy for the states to give up a major source of revenue. "I cannot tell the states, that you sacrifice almost half of these because they will say: Where will we get the money?"

MoS for parliamentary affairs Rajiv Shukla told reporters outside Parliament the state government get about Rs 1.6 lakh crore as tax from petroleum products. No wonder, states have not responded much to successive oil ministers asking them to reduce petrol and diesel taxes. Shukla threw a political gauntlet at the BJP-ruled states, saying they should emulate Goa.

Petrol could cost Rs 15 less if Delhi follows Goa's lead - Times Of India

here is the irony.
Oil falls to seven month low near $91 as Iran allows nuclear probe

ajaymailed said:
here is the irony.
Oil falls to seven month low near $91 as Iran allows nuclear probe

yeah it may be 91 but the dollar rupee rate is so sky high atm that it was bound to happen...personally i see dollar rupee touching even higher to maybe 57....this really hits the oil bill

Days of bail gaadis n tangas coming near

Well India uses brent crude whose Price comes to be around $106 not $ 90 which is for Nymex Crude but now we are in reverse gear ,in 2007-2008 Brent crude was $ 150 and petrol was costing around Rs 45 ..

The fuel prices is less than 2 Euro in almost every EU member nation countries and to the surprise petrol in USA cost less than India

Goverment is try to stash all money in form of taxes to swiss bank ,before its get thrown away

UPA Sucks doing nothing and when voting time will come then they try to reduce price just to show that they care about ppl.

A

i am beginning to doubt even this sky rocket price levels of Petrol will desist the consumption. It wud help the rupee if consumption is hurt.

diesel powers commercial vehicles, buses etc, hence part of diesel subsidies is being enjoyed all the society, not just the farmers or diesel cars. There is no diesel subsidy actually but overall they are having lower tax than petrol.

Govt is earning 1.6 Lac crore- 30 billion USD. if they figure out way to sacrifice this 30 billion by cancelling programs like NREGA then taxes can be reduced or waived altogether.

Ronnie11 said:
yeah it may be 91 but the dollar rupee rate is so sky high atm that it was bound to happen...personally i see dollar rupee touching even higher to maybe 57....this really hits the oil bill

worse is yet to come. RBI is probably preparing itself for event of greece exit, that is when they might hit the panic button. collapse of greek banking system, risk of massive outflows from capital markets pummeling rupee which is already weak. Unlike Lehman brothers, this time india is a vulnerable position with widening deficits, balance of payments and slow growth.

Could Greece End Up as Europe's Lehman Brothers?

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The chances of a Greek exit appear to have hit a new high this week as leaders in Europe are reportedly planning contingencies ahead of a key vote in Greece next month and as financial markets set off alarm bells once again
“With Lehman, I don’t think people appreciated the interconnections. I see the same argument with Greece,” said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.

During the Lehman crisis, U.S. policymakers displayed “hubris” about the fallout of a failure, essentially saying, “Sorry, we can’t save Lehman, but we’ll fix the mess. Little did they know how big of a mess it would be,” said Chandler.

Read more: Could Greece End Up as Europe's Lehman Brothers? | Fox Business

Whatever happens ED#TS will still vote For Money-Eaters UPA

T

Vouched for not Voting to Congres & its lackeys in any election EVER. Spineless leadership and no vision at all.

Petrol in my area is now Rs.80/Lit. My office is just 3 KM away from Home so won't bother me much but other implications will be causing a lot of trouble as other commodity prices will go up due to higher transport costs.

ajaymailed said:
i am beginning to doubt even this sky rocket price levels of Petrol will desist the consumption. It wud help the rupee if consumption is hurt.

completely true.

This is exactly the reason why I troll every petrol hike thread with public transport posts. Make public transit so good that people won't have to take their cars out. Countries with growing middle class need this as the very first. But planned growth and development is unheard of in India.

came across this
*www.flixya.com/files-photo/T/e/e/Teesra-2136164.jpg

Can some mod please update the title of the thread for the price.
Here in Hyderabad Petrol Price has been increased by Rs 8.31

Fill this up
Economic Justice Petition: Govt. of India: Roll back the petrol hikes | Change.org
I know this might be useless.

One thing that baffles me is I don't think Hyderabad is better than the other metropolitan cities with respect to infrastructure etc then why the hell are we paying additional amount? Last time the question was asked the CM told that they have lot of Rajiv Gandhi etc crap plans which I know are misused and finally the money goes to this corrupt politicians.
Where is Ana Hazare?

Looks like all Oppositions are blaming cong***.
Kerala, Uttarakhand cut tax on petrol after Congress diktat - Politics - Politics News - ibnlive

The lowest price I ever knew was Rs. 26/litre in 2001. Now its more than 300%!

^^ Cheapest Petrol is in goa 65 rs.
I really want the PM to change.The present PM doesnt speak by himself.Sonia speaks for him.So he cant do anything good

M

The price of petrol is not increasing Rs.5 per litre its 7.5 Rs per litre.....

News r.. govt meeting with oil companies on friday may hike diesel price upto 4 inr & Lpg price upto 150inr..

I just hate these politicians.. mostly this congress :-x

Especially this women president who ruined 100% xtra money than Kalam sir on her tour n travel wid her pota potis n family..

Will study much harder now n will get out of this country..

Petrol almost Rs.80/L here. No use even being angry.

150 On LPG

.GOD how will we survive i seriously hate this CONG#ESS.All states are asking rollback of prices and Theres a band on 31st

serpent16 said:
150 On LPG .GOD how will we survive i seriously hate this CONG#ESS.All states are asking rollback of prices and Theres a band on 31st

Now as per news at 9pm .. the meeting is temporarily canceld due to protests all over the country & india bandh on 31st may..

This congress govt. can only boost their ministers pocket by doing scams n scams..
Even a raja was provd scamer.. he got bailed after 15mnths n everything is back to normal know.. he came to parliament n was also the member in congress minister's dinner at sonia's house 2day's before :-x

utkarsh73 said:
The lowest price I ever knew was Rs. 26/litre in 2001. Now its more than 300%!

forget the past.

d6bmg said:
forget the past.

*i.imgur.com/IjVgG.jpg
:rofl:

^ Vintage pic. Should be placed and saved in the archive. :lol:

Petrol has increased by 8.45 here

Now I have to get 50 rs petrol instead of 40 earlier.

Time to buy a luna

Yesss Karnataka MIGHT Reduce petrol by 5 rs.Hope Even central govt reduces by 5.Then it will be 10 bucks

serpent16 said:
Yesss Karnataka MIGHT Reduce petrol by 5 rs.Hope Even central govt reduces by 5.Then it will be 10 bucks

Hoping against the hope? :mrgreen:

Forget 2001, In 2009 at Delhi it was ₹44.x in Oct 2009. It's not even 3 years and look at the price now.

One of those times when you're feeling lucky to not be owning a vehicle...

T

Petrol prices has gone up in many different countries. India is not alone.

The fact of the matter is:

1. India imports Oil from Gulf Countries.

2. Oil Wells are drying up.

We need alternate renewable energy sources, for example

1. Solar powered vehicles. [ battery operated ]

can anyone post petrol prices 2000 to 2012 in india?

nbaztec said:
One of those times when you're feeling lucky to not be owning a vehicle...

One of the reason: forex fluctuation, and
increase in the price of crude oil.

Check this
Comparison of Global Petrol Prices across the world with India

Look, at Qatar its priced only Rs.14

Its cheaper because they don't need to import from other countries. They have the large quantity of oil resourse with them.

Jan 15 2000# 25.94
Jan 12 2002 27.54
Jan 03 2003 29.93
Jan 01 2004 33.70
Jun 21 2005 40.49
Apr 01 2006 43.51
Feb 16 2007 42.85
Feb 15 2008 45.52
Jan 29 2009 40.62
Feb 27 2010 47.43
Jan 16 2011 58.37
Dec 01 2011 65.64
May 26 2012 73.18 Rs/Ltr

pulkitpopli2004 said:
Jan 15 2000# 25.94
Jan 12 2002 27.54
Jan 03 2003 29.93
Jan 01 2004 33.70
Jun 21 2005 40.49
Apr 01 2006 43.51
Feb 16 2007 42.85
Feb 15 2008 45.52
Jan 29 2009 40.62
Feb 27 2010 47.43
Jan 16 2011 58.37
Dec 01 2011 65.64
May 26 2012 73.18 Rs/Ltr

thanks

Future of Kaun Banega Crorepati

"Bohot hi umdaa khele aap!! Khel ka aakhiri question, 100 Ltr petrol ke liye ,ye raha aapki screen par!!!!"

*toonoottoonoootoonoooooo.......*

Our government cannot lower the prices of basic commodities and could not provide adequate electricity, yet very generous to give 5000MW for pakistan :mrgreen:

Anish said:
Our government cannot lower the prices of basic commodities and could not provide adequate electricity, yet very generous to give 5000MW for pakistan

There should be a Nathuram Godse in there somewhere

nbaztec said:
There should be a Nathuram Godse in there somewhere

Yep. Someone should kill the corrupt politician :evil:

So if the Prices of Rupee falls in International market and buying oil gets costlier somehow why should the Oil companies should bear loss and be scape goat just so we get fuel at cheaper rate. How can we even oppose the price hike ? Its not like oil companies are making profit.Infact every day oil companies loose crores .

Indian Oil Corp is losing Rs 500 million on under-recoveries on petrol per day and so far in this fiscal has lost Rs 10.56 billion

Why are we acting like petrol is like some kind of basic necessity like water or blood.

I think government should just let the market regulate the price of Petrol ,diesel or gas even if it touches 100 Rs Per Liter instead of bleeding the oil companies dry.

Please act in a human way.

Tenida said:
Check this
Comparison of Global Petrol Prices across the world with India

Look, at Qatar its priced only Rs.14
Its cheaper because they don't need to import from other countries. They have the large quantity of oil resourse with them.

rrrr...India also has oil wells.
And my city has a Huge Petrol refinery why no cheaper petrol for us?

serpent16 said:
rrrr...India also has oil wells.
And my city has a Huge Petrol refinery why no cheaper petrol for us?

But not like Qatar or other middle-east country :cry:

I am saying as overall.

serpent16 said:
rrrr...India also has oil wells.
And my city has a Huge Petrol refinery why no cheaper petrol for us?

Refinery does not mean that we have the resources as well. India imports crude oil and refines them for petroleum and other products.

nbaztec said:
There should be a Nathuram Godse in there somewhere

Do it, sir.

serpent16 said:
rrrr...India also has oil wells.
And my city has a Huge Petrol refinery why no cheaper petrol for us?

Tax dude. We pay hefty taxes! These tax money are gradually painted black.

They should protest such a way.That congress Yends its rule in Yindia.And we Yindians Get Real Yindependence

T

This is going to get worse. As developing countries like China and India grow in oil demand, this price is only going to go up.
Natural resources are finite and demand is increasing. This is not going to get any better unless advanced countries reduce their consumption OR OPEC increases production/some huge oil reserves are found like Iraq.

So get prepared for even higher prices in near future at least. Though congress is spineless, dont blame them for this increase

S

petrol price hike has caused a lot of problems.... this would help us in such a situation.... :-D

Rajni Meets His Match! - YouTube