Fwd:14th Feb 2011: Do not buy Petrol

[blr_p]

just the idea of not refueling on feb 14 was good IMO.

Why is it good ?

What possible effect could such a move hope to achieve.

What signficance does Feb 14th have on petrol consumption ? nothing AFAICT.

The vendors know there is no way life can continue without fuel. Until price deregulation, the idea was we pay a high price in exchange for price stabilty, that means the oil companies subsidised the cost when spot rices shot up like they did in 2007. Course nobody talks about that period only when they feel the pinch.

I have an easy solution for these crap forwards, just abuse the person that sent them to you. My mailbox has been free of this nonsense for years now

--- Updated Post - Automerged ---

I have been reading this mail for some 4 years now, I can see the indian petrol price alone updated every year before this is forwarded :rofl:

Oh dear, ppl are more uninformed than expected hyeah:

That post eas definitely written before prices were decontrolled.

its the damn f****g taxation (48%) which is the reason for such high fuel prices in the country.

Think of it as an insurance policy. Let's say a war breaks out in the Gulf for whatever reason. The direct consequence of which will be a price hike on the spot market.

Those taxes can be paired down to withstand a shock 50% increase in price without too much domestic unrest. Beyond which we start dipping into foreign exchange reserves and after that point there is nothing that can be done, but there is a cushion nevertheless.

Now i'm sure you would rather not pay the taxes in the first place but that could be a risky path given the potential volatility the country could face in the event a war broke out in the Gulf.

 

[sid_donnydarko]

Dear Friends!

Petrol in Pakistan Rs17 per litr
Malaysia Rs 18 per litr
In India it's Rs.65per litr

Why is there a difference in India ? World Market CRUDE Oil is not
the reason for this. It's all Gain for private owners? As we are the
general public, or Common Man as R.K.Laxman wud hv said, we have to
raise our voice, let's raise thru Emails.

Forward this to all Indians who care.
It has been calculated that if everyone did not purchase a drop of
Petrol for one day and all at the same time, the oil companies would
Choke on their stockpiles.

At the same time it would hit the entire industry with a net loss
Over 4.6 billion dollars which affects the bottom lines of the oil
Companies.
Therefore "
Feb.14 th" has been formally declared

"stick it up their behind " day and the people of this nation should
Not buy a single drop of petrol that day.

The only way this can be done is if you forward this e-mail to as
Many people as you can and as quickly as you can to get the word
Out. Waiting on the government to step in and control the prices is
Not going to happen. What happened to the reduction and control
In prices that the arab nations promised two weeks ago?

Remember one thing, not only is the price of petrol going up but
At the same time airlines are forced to raise their prices,
Trucking companies are forced to raise their prices which affects
Prices on everything that is shipped. Things like food, clothing,
Building supplies medical supplies etc. Who pays in the end? We
Do!
We can make a difference.if they don't get the message after one
Day, we will do it again and again. So do your part and spread the
Word. Forward this email to everyone you know. Mark your
Calendars and make* *
*feb.* 14 th

A day that the citizens say
"enough is enough"

We forward so many junk email to many of our friends, now let us do
it for some useful cause to cut down the price of the petrol .. ....

REMEMBER : *Feb * 14 th

:rofl:

Absolutely brilliant!!! Everyone who decides to follow this nonsense will either realize to make up for the 14th by rushing to fill up their tanks a day early on the 13th or the others will realize that their fuel tanks are low on petrol the next day, the 15th, and hence make a beeline to the petrol bunk!

Hunger strikes can make a statement, but Petrol strikes really don't.

 

[raksrules]

What?

Means I got to start getting petrol at shell like I used to before someone convinced me its of no use (wonder who that someone was)

Where do you work in Hinjewadi?

I work in Wipro Phase 2

I work in Infy phase 2.

When you are coming from wipro towards hinjewadi chowk, there is a HP petrol pump near the mezza 9 / mcdonalds turn. Never fill the petrol there as they will rip you off, fill less petrol and will divert your attention when filling the petrol so you dont know about the cheating. Hence i have stopped trusting all the HP petrol pumps including the newly opened one near wipro phase 2

Better fill at shell as they never cheat i guess and petrol quality is very good IMO.

 

[chiron]

In Kerala people already to do something like this almost every other month where they block people from driving vehicles and even shut down offices and shops to bring down electricity consumption.

 

[Superbad]

Those taxes can be paired down to withstand a shock 50% increase in price without too much domestic unrest. Beyond which we start dipping into foreign exchange reserves and after that point there is nothing that can be done, but there is a cushion nevertheless.

Now i'm sure you would rather not pay the taxes in the first place but that could be a risky path given the potential volatility the country could face in the event a war broke out in the Gulf.

i remember recently there was a downslide towards the oil price wherein the govt refused to reduce the prices.
so where does the cushion help.
and dont you think the taxation on all available services are high enough?
the sad part is the accountability of the taxes which is never looked into.
also commodities like fuel impact the whole inflationary chain so war or no war the high fuel prices will feel the pinch.
these high taxation regime was fine when the fuel prices are low but as prices rise the overall tax income increases too because it is fixed on % basis and not as per units.

its high time govt starts encouraging alternative fuels or revise the tax structure.
also the unrest in egypt will impact the prices further

 

[blr_p]

i remember recently there was a downslide towards the oil price wherein the govt refused to reduce the prices.

Can you be more specifc as to when there was a downslide since last June ? Look at this graph

so where does the cushion help.

When there is an unexpected spike in prices.

and dont you think the taxation on all available services are high enough?

Define 'all available services' ?

If you're asking whether 48% taxes is high enough, of course it is during normal periods.

Question is whats your protection during abnormal periods. We can't go on strike to protest high prices as a whole country and stop buying oil from the majors can we

the sad part is the accountability of the taxes which is never looked into.
also commodities like fuel impact the whole inflationary chain so war or no war the high fuel prices will feel the pinch.

Inevitably yes, but realise that we are reacting to a price that is 50% over the spot price in the market. What is the tolerance here for volatility in price ?

How will the country react is there is an overnight jump by 10, 20, 50% ?

If you can show that unrest or anarchy will not happen then you have the basis to argue for reduction to the taxes on petrol.

these high taxation regime was fine when the fuel prices are low but as prices rise the overall tax income increases too because it is fixed on % basis and not as per units.

Well if protests start up then the govt has room to manouever better than if there was no room to do so.

its high time govt starts encouraging alternative fuels or revise the tax structure.
also the unrest in egypt will impact the prices further

Alternate fuels only make sense when the prevailing price of oil stays high ie > $85/barrel

The problem of course is the price keeps fluctuating a lot over time, everytime the price drops alternate fuels become uneconomical.

If you want alternative fuels to take over then ask for even more taxes so that it makes sense

 

[Superbad]

I was asking for alternative fuels only so the dependence of oil through middle east can be reduced.
As future holds all arab countries will be witnessing similar scenes like that of egypt
also If the government is so sure for pricing to be good why not open the sector for private companies.
Afaik our refineries are not efficient enough.
It was suggested that if private entities come in retail business the overall losses can be reduced and better pricing can happen.

 

[Tron05]

Q. How would the Oil companies recover the loss of 'Over 4.6 billion dollars which affects the bottom lines of the oil Companies.' ?
A. By increasing the petrol prices again!!

 

[abhifusion]

Well seeing 14th Feb , I thought this has to do something with Valentine's Day

Valentine's Day & Petrol , never mind :bleh: ...

btw I agree with Shell fuel being unadulterated and superior in quality than the rest ...

 

[blr_p]

I was asking for alternative fuels only so the dependence of oil through middle east can be reduced.

And i was saying that until it makes economic sense it cannot happen. The way for that is for oil prices to be high for a long period of time.

If the government is so sure for pricing to be good why not open the sector for private companies.
Afaik our refineries are not efficient enough.
It was suggested that if private entities come in retail business the overall losses can be reduced and better pricing can happen.

Isn't Reliance in this business already ? There might be others

Its quite capital expensive as you know, only the big fish can get into it.

 

[kauzy]

Its quite capital expensive as you know, only the big fish can get into it.

And which of the Oil manufacturing companies don't have the ability to invest.. or rather in ur words.. isn't big fish??

 

[blr_p]

And which of the Oil manufacturing companies don't have the ability to invest.. or rather in ur words.. isn't big fish??

Can you show where compaines have been stopped from setting up refineries by the govt ?

This question is directed more at ggt though.

The implication is there is a supply shortage and the street price is higher.

 

[Superbad]

i was directing at other refineries bringing their produce to india.
because not all oil wells are being allocated at the same price.
so if an american co wants to set shop they should be allowed to because their selling price would be cheaper inspite of taxation

 

[WolVerIn-E-]

Well to be honest I will support the Petrol price hike... the fact why is this .. the cheaper the petrol, the more people will run their vehicles on street and will create more pollution + traffic + parking problems !

With the price high, atleast many people will travel by Metro,bus or other means.. hence, safe roads and less traffic + pollution..

 

[Superbad]

For once is the public transport running empty?

 

[WolVerIn-E-]

lol hyeah:

 

[6pack]

Well to be honest I will support the Petrol price hike... the fact why is this .. the cheaper the petrol, the more people will run their vehicles on street and will create more pollution + traffic + parking problems !

With the price high, atleast many people will travel by Metro,bus or other means.. hence, safe roads and less traffic + pollution..

price hike or not, the public transport system wont be able to cope with the rush if private vehicles are reduced on the roads. from years i'm seeing no matter how much the govt adds trains or buses, they are always full even during off peak hours.