Car & Bike India: Petrol and Diesel Discussion Thread

[Mr.J]

View attachment 130823

Sigma grindset

 

[lockhrt999]

You know, they have gone too far as news publications have ran out of stock images.

 

[psyph3r]

Petrol, Diesel Costlier By Nearly A Rupee, 14th Hike In 16 Days

Petrol and diesel prices were hiked again by 80 paise a litre each in Delhi today.

www.ndtv.com

 

[Kaleen Bhaiya]

View attachment 130905

You know, they have gone too far as news publications have ran out of stock images.

Or maybe they don't want UAPA knocking on their doors!!

 

[TEUser2K1]

How petrol products related price inflation in other areas too ?

 

[Mr.J]

How petrol products related price inflation in other ares too ?

What do you mean? You need fuel to move stuff around. The more it costs to move stuff, higher its price gets.

 

[TEUser2K1]

It is not transportation cost alone, the plastic cable coating itself should be a crude oil refining by-product. Probably, the price increase is primarily due to that.

 

[Kaleen Bhaiya]

Even if the plastic cable is a byproduct of refinery, it still needs to move from the manufacturing zone to a market nearest to you. That involves transportation costs, primarily diesel or any fuel(hike is across all category of fossil fuel). They have to pass on this extra cost down to the last point, which is the end-user like you and me.
Offcourse cost of crude oil also matters, the end price is a culmination of all the factors which ensures the product reaches you.

 

[psyph3r]

You guys are missing out on the price of copper itself.
TBF it's not just India, it's global hyperinflation on its way everywhere.

 

[TEUser2K1]

Yep, price of Copper obviously the primary reason.
~$2.17 in Mar.'2020 to currently $4.80 in Apr.'2022. Huge difference.

 

[Mr.J]

For the record, crude oil price hit $120 in March but is trading between $95-100.

Crude Oil - Price - Chart - Historical Data - News

Crude Oil increased 10.01 USD/BBL or 13.97% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on April of 2024.

tradingeconomics.com