Hike of Rs 5 in fuel prices.

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I read in the newspaper today that the loss suffered by oil companies is around 16 Rs / litre for petrol and a similar amount for diesel.

Its about time fuel prices went up and I am feeling real sad. But this is inevitable because before we all travel to see the Hardware Hell (:P), the world's oil supply will dry up. :(

PS: Reva NXG anyone? Open top electric car with 120 km / h top speed. :)
 
If fuel prices are not hiked, the loss to the exchequer will be huge and it will be recovered from taxes we pay.

And it will be recovered from money which could have otherwise been routed towards infrastructure projects / agricultural research / humanitarian needs of the country.
 
which do you think a govt cares about ? getting re elected for the next term or the above things you've listed?

sad , but ....
 
Gaurish said:
Not possible!

Upa does not want to lose elections.

maybe atmost a hike of 1-2Rs can be seen
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go UPA go!!! :bleh:
I'm voting for BJP this time :bleh:
 
We get incredible subsidies as far as fuel goes and Oil is hitting 134$ a barrel, so No surprise this....
 
Oil companies are facing loss of crores of rupees daily with subsidies on petrol, diesel and LPG. What options do they have?
 
those stupid leaders not care about how much loss oil marketing companies bear they just care about their vote bank.

If UPA & NDA are Bad, Left is worst:P
 
hmmm they have so much excise , etc etc taxes on oil , they should rather decrease that or not have them , coz that ways the GOVT will stop filling its pocket and may be even regulate the prices better. they have to increase thats for sure , but all those bull shit taxes on it are like hopeless indian economy
 
the war of iraq is spoiling all.......

the petrol price will rise all the nations will get affected and usa will be smiling and laughing...

petrol price is going to hit all time high soon and the record will keep breaking...

take out ur cycles folks :P
 
There is no stopping Fuel prices atleast in the international Market..Touched 135$ today ..currently at 133$ and is forecasted to reach 175$:O by the year end or may be early..:fear:

So UPA is goin to have a tough year,with election coming up next year they cant afford to burden the people and if they dont up the prices substantially then Oil cos are goin to be bankrupt..:rofl:
 
Seriously, the only good investments for ANY period of human history from now on are energy companies.
 
^^ my current bike gives me 18kmpl, so if i onvest in a 50 kmpl bike, i'll save 66% costs :rofl: not to add 2t oil costs as well :P
 
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