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    Thread: Fuel Prices Revised!! yet again

    1. #3691

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      Quote Originally Posted by sgiitk View Post
      Quite likely, but in a deregulated scenario where does the government come in?
      deregulation is a joke. The fuel distribution is still done majorly by state run PSUs as Private companies will not venture into distribution after burning their hands once already when government went back on deregulation. Since there is not competition in the market PSUs fix prices as per government dictat. If PSUs were free to revise rates and their was free competition among them, then there should have been atleast some difference in rates between all 3 PSUs as their cost of procurement as well as efficiencies are different but how are they exactly same. For e.g. you will find difference in insurance rates between different PSU General Insurance companies.
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    2. #3692

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      Quote Originally Posted by coolash View Post
      deregulation is a joke.
      I was just a move to end the subsidiary and increase tax revenue

    3. #3693

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    4. #3694
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      When the increase is supposed to happen? Doesn't it typically happen on 15ty of every month?

    5. #3695

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      Quote Originally Posted by rksingh1 View Post
      When the increase is supposed to happen? Doesn't it typically happen on 15ty of every month?
      Off late Govt. has been delaying it by a day or so. Got my tank filled yesterday with 1.5K diesel.

    6. #3696
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      Quote Originally Posted by back2u4u View Post
      Got my tank filled yesterday with 1.5K diesel
      I missed it yesterday. And now will be travelling to BLR over the weekend - back home next week. Guess I just lost 200 bucks !

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    8. #3698

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      EconomicTimes giving conflicting news to what it gave in the afternoon.

      Petrol price hiked by Rs 2.21 per litre, diesel Rs 1.79 per litre effective midnight - The Economic Times
      Last edited by back2u4u; 16th Dec 2016 at 21:15.

    9. #3699
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      That looks more like a controlled increase. 1.79 for diesel is fine. My loss decreased to 100.

    10. #3700

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      Quote Originally Posted by Rohan Yadav View Post
      When crude was low they increased the VAT and other duties. When the crude is high they just increase the price. hehe
      they give 0.75% discount if you pay by card right, you should be happy with it.

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