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Now Indians enjoy the highest petrol price in the world...

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kewell333

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NEW DELHI: In the steepest ever hike, petrol price was increased today by Rs 7.50 a litre with effect from midnight tonight. State-owned oil firms said they will raise petrol price by Rs 6.28 per litre excluding local sales tax or VAT. The hike translates into Rs 7.50 per litre in Delhi. Petrol in Delhi currently costs Rs 65.64 a litre and after the increase it will be priced at Rs 73.14 per litre.

Earlier in the day, the Left parties had opposed any such move saying it will be a cruel blow to the people reeling under price rise.

With rupee depreciation leading to jump in oil import bill, petroleum minister S Jaipal Reddy on Tuesday said there is an immediate need to raise fuel prices, but refused to say when the hike will actually take place. "It (price increase) is very essential but (before hiking rates) we have to talk to political parties," he told reporters.



The government had decontrolled petrol price in June 2010 but rates were last increased on November 4 last year. This despite oil price rising by 14 per cent and 7 per cent fall in value of rupee against the US dollar. Price of diesel, kerosene and cooking gas were raised in June last year.

"If rupee depreciates by one against the US dollar, our oil companies lose Rs 8,000 crore (annually)," Reddy said.

Petrol price raised by Rs 7.50 per litre - The Times of India

Decline Industy output with double digital inflation.... and a petrol price hike...

Wonder this quarter India growth will below 3%.
 
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Now Indians enjoy the highest petrol price in the world...????? NOPE
 
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Decline Industy output with double digital inflation.... and a free fall Rupee ,,,now a petrol price hike...

Wonder this quarter India growth maybe below 3%.
 
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Given costs of up to 1.70 Euro (and more) per liter of unleaded fuel – the equivalent of $8.56 per gallon – it should come as no surprise that Germany's drivers have become bargain hunters. (One gallon is equal to 3.78 liters).

World News - Crazy gas prices driving German consumers mad








England gas prices,

article-2118129-12453A5A000005DC-861_468x397.jpg
 
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There will be someone said in developed countries such as UK\German has a higher petrol price...but how much the people of these developed counties earn.... And how much of Indians....

See the comment of Indians with pain.
 
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śūnya_0_Zero;2975519 said:
Tant pis .. Gotter .. Tant pis !!

Yes, indeed! The fact that we earn on average almost 40x more than you guys is a small comfort.
 
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Decline Industy output with double digital inflation.... and a free fall Rupee ,,,now a petrol price hike...Wonder this quarter India growth maybe below 3%.

If at all this price hike is going to help India manage fiscal deficit...In other words this move is going to have a positive influence on our growth...either you made a mistake in mixing it up with bad factors or you are pretty naive about economics.
 
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Götterdämmerung;2975489 said:
We pay much more in Germany. Right now between € 1.63 - 1.70 per liter. :(

But you earn fifteen times of them.. ...

Really do not know why China has 8 times of India in industry output , 8 times of India in auto sales...And our petrol Consumption times of India's...but they still has a petrol price much higher than us...
 
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I feel it is not bad to increase the prices of pertol, if you look people have become careless about use of pertol. We waste a lot of petrol while we criticize government to let go their taxes that is needed for development, we make zero effort to reduce our spending. The only thing is that for poor and middle class people we can give them some portion of petrol on controlled prices.

I think time has come where we should give everyone a petrol card where you are allowed some basic amount of petrol on cheap prices. That way necessity can be cheap but luxury is taxed. Right now out of major portion of sale 25% is necessity and 75% is luxury and to avoid impact on necessity we are also not taxing luxury.
 
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But you earn fifteen times of them.. ...

Really do not know why China has 8 times of India in industry output , 8 times of India in auto sales...And our petrol Consumption times of India's...and they still has a petrol price much higher than us...

8 times? :lol: where do u get these? why not 10 times?

By the way you lied. India does not have "highest petrol price in the world"

Decline Industy output with double digital inflation.... and a free fall Rupee ,,,now a petrol price hike...

Wonder this quarter India growth maybe below 3%.

At least thats better than ACTUAL chinese growth 0% :lol:


Marc Faber: Chinese Government Statistics Are Fake | ValueWalk

Chinese government statistics are fake for the most part and if Chinese economy is slowing down there will be more money printing in China. the Chinese government economic figures are meaningless, because they are manipulating most of the economic data, which confirms that there is no economic growth in China this year in fact China’s production of steel, cement and electricity as well as the volume of its exports and car sales are stable or declining compared to last year, which is incompatible with the growth announced by the government he explained
 
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Guys how can you enjoy these hikes? Anyway we in UK are "enjoying" £1.34 per ltr
 
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8 times? :lol: where do u get these? why not 10 times?

By the way you lied. India does not have "highest petrol price in the world"



At least thats better than ACTUAL chinese growth 0% :lol:


Marc Faber: Chinese Government Statistics Are Fake | ValueWalk

Wow .... With a growth 0% when our "superpower" friend's rupee free fall we still appreciation even today we have more than 5 times GDP of their's.
With a growth 0% we have 68 Chinese company rank in Fortune500 while only 6 from India..
With a growth 0% we became US largest creditor.
With a growth 0% we became Apple and almost other grobal giants's most important market .
With a growth 0% our goverment revenut reach $1.65 trillion while India goverment revenue only $200billion.
With a growth 0% we have AA rating while India just BBB-...
With a growth 0% India 's trade deficit to China still expanding..

With a growth 0% we have these cities.... Oh.... I hope China will grow on such "0%" for ever...

http://www.defence.pk/forums/general-images-multimedia/75340-rapid-development-chinese-cities-70.html

http://www.defence.pk/forums/general-images-multimedia/180710-aerial-view-chongqing-rapid-development-inland-china.html
 
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