Haarkarjeetgaye Posted December 17, 2016 Posted December 17, 2016 http://indianexpress.com/article/business/commodities/petrol-prices-hiked-by-rs-2-21litre-diesel-by-rs1-79litre-4430772/ What is going to be impact on Indian economy because of this? How will government justify this move?
Singh bling Posted January 16, 2017 Posted January 16, 2017 Quote Quote Petrol prices up by 42 paise a litre, diesel by Rs 1.03 per litre Read more at:http://economictimes.indiatimes.com/articleshow/56573145.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst At the time of Crude price being at 52$ barrel this Govt is selling petrol at 71 rupees in Gurgaon, while Bhakts are day dreaming of Achche din rkt.india 1
Malcolm Merlyn Posted January 16, 2017 Posted January 16, 2017 Time to repeal some of the excise duty hikes.Atleast 2rs
jusarrived Posted January 16, 2017 Posted January 16, 2017 2 minutes ago, Singh bling said: At the time of Crude price being at 52$ barrel this Govt is selling petrol at 71 rupees in Gurgaon, while Bhakts are day dreaming of Achche din Do you know when fuel was deregulated ?
jusarrived Posted January 16, 2017 Posted January 16, 2017 1 minute ago, Malcolm Merlyn said: Time to repeal some of the excise duty hikes.Atleast 2rs http://economictimes.indiatimes.com/industry/energy/oil-gas/no-returning-to-subsidies-on-petrol-diesel-government/articleshow/56598184.cms
Malcolm Merlyn Posted January 16, 2017 Posted January 16, 2017 http://economictimes.indiatimes.com/industry/energy/oil-gas/no-returning-to-subsidies-on-petrol-diesel-government/articleshow/56598184.cms This isnt subsidy.When the crude went into free fall the govt raised excise duty upto 15rs per litre to get a tax windfall.Now that crude is gaining that excise hike must be rolled back atleast 2 to 5 rs.There is no justification of petrol price over 70.Ideally it should be 65. beetle 1
Singh bling Posted January 16, 2017 Posted January 16, 2017 (edited) 1 hour ago, jusarrived said: Do you know when fuel was deregulated ? Quote http://www.moneycontrol.com/news/market-edge/who-really-gainedpetrol-deregulation_985689.html Brent in 2013 was 108$ , USD at 58 petrol at 76 rupees Now crude is almost half , Rupee depreciated by 15% , please calculate what amount should people should have been paying Edited January 16, 2017 by Singh bling
jusarrived Posted January 16, 2017 Posted January 16, 2017 1 hour ago, Malcolm Merlyn said: This isnt subsidy.When the crude went into free fall the govt raised excise duty upto 15rs per litre to get a tax windfall.Now that crude is gaining that excise hike must be rolled back atleast 2 to 5 rs.There is no justification of petrol price over 70.Ideally it should be 65. Fair enough :)
New guy Posted January 16, 2017 Posted January 16, 2017 (edited) I am still waiting for the acche dinTM to kick in. Any day now Edited January 16, 2017 by New guy Singh bling 1
coffee_rules Posted January 17, 2017 Posted January 17, 2017 This one hurts everybody. In last one year, I have seen the petrol price jump by 10%-12%
Singh bling Posted January 17, 2017 Posted January 17, 2017 5 hours ago, coffee_rules said: This one hurts everybody. In last one year, I have seen the petrol price jump by 10%-12% Petrol prices are up 30% in last 10 months Quote http://indianexpress.com/article/india/india-news-india/petrol-price-cut-by-rs-3-02-per-litre-diesel-rate-hiked-by-rs-1-47-a-litre-fuel-price/ New guy 1
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