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    Thread: Fuel Prices Revised!! yet again

    1. #3691
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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?
      It is twicec a month at the end and in the middle. They do tend to be late by a day or two sometimes.

      Quote Originally Posted by Jack Sparrow View Post
      Its not yet clear if its on credit card or debit card or on both? How do one know if the surcharge is charged to him/her?
      The surcharge is by the OMCs since the dealer margins are very slim, so they cannot absorb it - so they say. Possible that after the Demonetization there have been some arrangements in this regard. Globally the company absorbs the card charges, but most have worked out 'sweetheart' deals at rates substantially lower.

      Quote Originally Posted by speed79 View Post
      in credit card statement there are two entries for Dec 16: One debit of Rs 2571 and other credit "PETRO SURCHARGE WAIVER" of Rs 62.75. So it costed me 2508.75 for a fuel worth Rs 2500. That means a while surcharge has been credited back, the cesses etc have not been credited back. Also, i still did not get any credit for 0.75% for the discount part. Let us see the discount on digital payment is managed.
      This is quite normal, the various elements of cess/tax are not refunded.

      I think some of these cracks will have to be looked into. Also, my son who normally pays by his debit card, gets an entry of about ₹20 - 30 from the vendor, which I presume is the taxation on the cess or whatever. Since he is buying fuel worth about 8-10k a month, this sort of an entry, say, once a month or two does not attract any attention.
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    2. #3692
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      600 Priests At Telangana Chief Minister KCRs Mass Housewarming Party - NDTV.com

      This is why petrol price in Telangana is one of the highest in India. Mr. CM doesnt go to his office because of Vaastu. What else I can say, this guy is crazy is what max I can say.

      Telangana govt raises fuel taxes | Business Standard News
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    3. #3693

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    4. #3694
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      I must say we got off lightly with increases of ₹1.29 and 0.97 for petrol and diesel. I was expecting far higher increases.
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    5. #3695

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      Quote Originally Posted by sgiitk View Post
      I must say we got off lightly with increases of ₹1.29 and 0.97 for petrol and diesel. I was expecting far higher increases.
      Yes Sir, looks like this is just a start and might be that calm phase before the actual storm strikes us
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    6. #3696
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      Quote Originally Posted by Queensyrche View Post
      Yes Sir, looks like this is just a start and might be that calm phase before the actual storm strikes us
      Maybe the cartel is not working to as efficient a rate as expected by the Saudis.
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    7. #3697

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      Well said Sir, I guess they are (cartel) may be playing a wait n watch game. They will strike when they feel the time is right and we might end up having serious, drastic and long lasting effects
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    8. #3698
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      Quote Originally Posted by Queensyrche View Post
      I guess they are (cartel) may be playing a wait n watch game. They will strike when they feel the time is right and we might end up having serious, drastic and long lasting effects
      I think they are not having the unity they wanted. Iran and Venezuela are out. Russia is supporting but not a member. In the current scenario how can Saudi and Iran be together on anything.
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    9. #3699

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      Quote Originally Posted by sgiitk View Post
      I think they are not having the unity they wanted. Iran and Venezuela are out. Russia is supporting but not a member. In the current scenario how can Saudi and Iran be together on anything.
      Right Sir, it is a complete mess and no one is backing anyone in fact and even reluctant to take any critical decisions
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    10. #3700
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      Petrol Price Up By 42 Paisa/Litre, Diesel By Rs 1.03 - NDTV.com

      When is my honest, scamless govt. reducing the excise!
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