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  • Category: Miscellaneous

    Fuel prices go on increasing

    It is reported that the prices of Petrol and diesel have gone up again. Petrol price has hit a four year high level, Rs.73.73 a liter. Diesel has touched an all time record with Rs.64.58 in the national capital. India has the highest retail prices for both petrol and diesel among South Asian nations. Taxes account for half of the pump rates. Finance Minister Arun Jaitly had raised excise duty nine times between November 2014 and January 2016. In some states the diesel price has crossed Rs.70.00 mark !
  • #631985
    Gone are the days when the difference between petrol and diesel prices would be more than half and for only that reasons diesel variant vehicles were preferred and owned. Thanks to NDA government , the increase of fuel prices decision left to the whims and fancies of oil companies and they were daily revising the prices which is having wide effect. And on 1st April additional charges were levied and this petrol prices has increased by three rupees. So for ordinary man it is batter from all sides because fuel price increase means all round increase of other prices and the salary remains the same.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #631989
    May I request the learned fellow ISCians to throw some light on the remedy, if any, of the given situation. I personally feel that we have no alternate option but to continue to shell out the amount fixed by the government from time to time.

    In general, refinery gate prices of petroleum products are equal to international rates of petrol and diesel to which marketing margins of company, dealers' commission and government duties are added to arrive at the retail prices.

    The international crude prices which had collapsed in mid-2014 has sharply gained in the past nine months resulting in the increase in the retail prices of the petroleum products.

    Let us encourage each other in sharing knowledge.

  • #631990
    But this rate increase is no way connected to International market price or behaviour but NDA government extra duty policy on fuel prices.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #632006
    Today in Hyderabad the petrol price is Rs.78/-. Diesel price is Rs.70/-. This is the maximum price in the last four years. The difference between petrol and diesel is only Rs.8/-. The basic price of these products is less. But the taxes are very high. There is no alternative to the common man. They have to purchase as it is essential to them, So governments, both central and state, are taking a ride on them. There should be a change in the attitude of the public. They should start using public transport for majority works and pooling up with others instead of one vehicle to one person is to be practised, For the Short distance, we should use cycles.
    This attitude will have two benefits. The burden of transportation on individuals will come down. The pollution problem will also reduce.
    Another best alternative is to go for electric cars where the charges will be less and pollution will also reudce.

    always confident

  • #633056
    The petrol prices in Bangalore are Rs 75.10. I don't think we can do much about it apart from raising our concerns. The Karnataka state government charges 30% VAT on petrol, the Government also charges central excise tax and there was talk about a road cess charge add per liter. If there are any means to make it more cheaper, it would be to try a combination of a marginal reduction in any of the above or have a slab based the dealer commission etc. The option would be the Government to announce subsidies until the prices drop and stablise.

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