Yeah but these oil companies spend like crores on advertising. My dad did an audit of one of these companies and they show too much losses due to evaporation as well.They are also taking everybody for a ride. Plus the taxes govt charges us is around 50 % of the petrol cost. If Govt removes all taxes and duties, it wont be more than 25-26/ltr
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State of Petrol, Diesel, CNG and LPG prices in India
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rachit_1804
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Plus the taxes govt charges us is around 50 % of the petrol cost. If Govt removes all taxes and duties, it wont be more than 25-26/ltr
thats already history, u are comparing countries like US which had petrol at roughly Rs. 25 / litre 2 years back.
today it costs them $ 4.1 / gallon
1 US gallon = 3.785 litres
$ 4.1 = Rs. 174.25 (@42.5)
thats 1 litre roughly @ Rs. 46
thats already history, u are comparing countries like US which had petrol at roughly Rs. 25 / litre 2 years back.
today it costs them $ 4.1 / gallon
1 US gallon = 3.785 litres
$ 4.1 = Rs. 174.25 (@42.5)
thats 1 litre roughly @ Rs. 46
Cooking gas connections now more expensivePublic sector oil marketing companies in India have announced that they are now hiking the charges for new gas connections.The price of getting a new gas connection has been raised by Rs. 400 to Rs 1,250.They have also raised the security deposit in the North-East to Rs 900 per cylinder [...]
Cooking gas connections now more expensive
Cooking gas connections now more expensive
we must also take gas stove(price is above rs.2500) if we got new connection. otherwise they will cancel the connection
Amid growing consumer concern, the Cabinet on Wednesday raised prices of petrol by Rs 5 and diesel by Rs 3 to bail out state-run oil firms that have been reeling under unprecedented high crude prices. Prices of domestic cooking gas was hiked by Rs 50 a cylinder effective midnight tonight.
The excise duty on petrol was cut by Rs 1 a litre and diesel and customs duty on crude was abolished. Poor man's fuel kerosene was exempted from the hike.
Petroleum Minister Murli Deora told reporters. With the hikes, India joins other Asian nations like Indonesia and Malaysia that are raising regulated domestic fuel prices as they find they can no longer afford to shield their consumers from the full effect of record global prices.
The Cabinet Committee on Political Affairs today met to deliberate on the need of raising fuel prices in view of spurt in global oil prices.
Prime Minster Manmohan Singh was expected to address the nation later in the evening to tell the people why the government increased prices of fuel at this point when inflation is also high.
The meeting was chaired by Prime Minister Manmohan Singh and attended by External Affairs Minister Pranab Mukherjee, Defence Minister A K Antony, Finance Minister P Chidambaram, Petroleum Minister Murli Deora, Railway Minister Lalu Prasad and Road Transport Minister T R Baalu.
Petrol and diesel prices were last raised in February when the Indian basket of crude oil was at 67 dollars per barrel. Today it is at 124 dollars per barrel.
State-run Indian Oil, Bharat Petroleum and Hindustan Petroleum were together projected to lose Rs 2,46,600 crore on sale of petrol, diesel, domestic LPG and PDS kerosene in 2008-09 in absence of any price hike or duty cut.
Govt hikes prices of petrol by Rs 5/L and diesel Rs 3/L- Oil & Gas-Energy-News By Industry-News-The Economic Times
The excise duty on petrol was cut by Rs 1 a litre and diesel and customs duty on crude was abolished. Poor man's fuel kerosene was exempted from the hike.
Petroleum Minister Murli Deora told reporters. With the hikes, India joins other Asian nations like Indonesia and Malaysia that are raising regulated domestic fuel prices as they find they can no longer afford to shield their consumers from the full effect of record global prices.
The Cabinet Committee on Political Affairs today met to deliberate on the need of raising fuel prices in view of spurt in global oil prices.
Prime Minster Manmohan Singh was expected to address the nation later in the evening to tell the people why the government increased prices of fuel at this point when inflation is also high.
The meeting was chaired by Prime Minister Manmohan Singh and attended by External Affairs Minister Pranab Mukherjee, Defence Minister A K Antony, Finance Minister P Chidambaram, Petroleum Minister Murli Deora, Railway Minister Lalu Prasad and Road Transport Minister T R Baalu.
Petrol and diesel prices were last raised in February when the Indian basket of crude oil was at 67 dollars per barrel. Today it is at 124 dollars per barrel.
State-run Indian Oil, Bharat Petroleum and Hindustan Petroleum were together projected to lose Rs 2,46,600 crore on sale of petrol, diesel, domestic LPG and PDS kerosene in 2008-09 in absence of any price hike or duty cut.
Govt hikes prices of petrol by Rs 5/L and diesel Rs 3/L- Oil & Gas-Energy-News By Industry-News-The Economic Times
