Hike of Rs 5 in fuel prices.

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but there will be no more petrol at some area at saubi arbaic

so there are less petrol so it is hardly u find another oil from some another country
 
Well u cant really compare the current price of petrol and crude prices..
cause Inida imports a lower variety of crude which is cheaper and then we process it..
So thats y we hav cheaper prices, not totally cause of subsidies..

Also, the amt of tax on petrol is sooo high..wat abt dat???
the govt shud reduce them..
 
So, Let's go guys.. Make your Bicycle and eByke ready for long drive :bleh:

I am not gonna use my Bike anymore :cry:, its already heavy for my pocket.... :|
 
Checksum said:
I attended a seminar in my college about "Peak Oil". The guy who spoke was a energy expert,and he predicted that oil will cross 200 dollars a barrel by 2010. I was skeptical to being with, but seems we are actually headed in that direction :(
Click to expand...

This theory is over 10 yrs old and over time has been shown to be more scare mongering than anything else.

Peak oil had to do with shortages in oil reserves. As in there will be no more oil to be discovered. We will reach a peak,so to speak. in terms of all oil ever to be discovered and have to share what ever remains somehow :)

But the current scenario has nothing to do with shortages as there is plenty of global oil reserves to last easily another 100 yrs, india & china notwithstanding.
 
Increasing by how much?

S**t! I have to give my 2 wheeler to the service guys tomorrow...better ask them to complete the service in 1 day.
 
read the same on rediff.. the petroleum ministry wants a 10buck petrol hike + reduction in excise + complete slashing on some sorta import duty to go along with it.

decision expected in 3-4 days.
 
yup decision in 3-4 days but i dont think they will increase petrol price more than 5 buks now...or else a sure shot downfall upa will see.....they should have increase a rupee a month from feb....now theyll have to pay for it.......

kumar better get a can of petrol and keep aside......even in my shop all rubber raw material price going to increase by 60%...they are just waiting for the announcement(thats 40 buks on a rubber sheet)
 
this time around its going to hurt below the belt.

even if the rates are increased and even if the rates are maintained as the relief to the companies will ultimately gonna come on our pockets.

Some one mentioned Peak Oil :

I had read an excellent article, it mentioned that companies in exploration now are not trying much to look for deep seated oil and other methods which are costing about 30$ a barrel as during low prices it was no feasible and they used methods which costed about 10-15$ a barrels.

As now crude has soared above 120$ it easily feasible for companies to higher cost excavation still maintaining profitability so they will start / have started those methods but the effects will be visible only over a longer period of say 2 years.

So personally i believe still crude will remain heated for the time being but it will come down in longer period of time.

Till then its going to burn a hole in our pockets :no: :P
 
It is....but increase in fossil fuels is inevitable, the reserves ARE going to be finished, its just matter of years now. However, its about time that alternate fuels and public transportation is encouraged and standards in safety and conditions improved at the same time.
 
Talking about peak oil, its true that the peak is already past. With no viable alternate energy source in sight, at least for the next 5 years or so, companies are looking at better means of extracting and processing crude. A cheaper process will definitely not make petrol/diesel cheaper, but at least will keep the cost stable. Stability in price is more important IMHO
 
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