Fuel is still cheaper in India than in Europe. It costs 93 rupees a litre in Germany. We should reduce our addiction to foreign oil by raising fuel prices.
Lesser Oil consumption means lesser forex outflow. Lesser Forex outflow means stronger rupee. Stronger Rupee means lesser inflation.
RE:Raise fuel prices
by Sanjay on May 28, 2008 01:35 AM Permalink
You are missing the higher inflation as price goes up for fuel. Please don't subject us to higher inflation still petrol is cheaper than America
From: Maulik Zaveri, Ahmedabad (Mobile:9898002186) Why Rate per Ltr. of petrol is same for vehicle giving averae of 2,4 or 8 per ltr and 40,60 or 80 per Ltr?
Example: If we take base Rs. 30/- per ltr of petrol and 40 Km. per Ltr. as standard then Vehcile giving average of 2, 4 or 8 Km. per ltr. are consuming 20, 10 or 5 times more that vehicle giving average of 40 per ltr.
So that if price for ltr. of petrol is Rs. 30/- for vehicle giving average of 40 Km. per liter then prices for vehicle giving average of 2, 4 or 8 per lt. will be Rs. 600/- (20*30), Rs. 300/- (10*30) and Rs. 150/- (5*30) per ltr. respectively.
Suppose Mr. X runs car having Avg. of 2Km/Ltr daily for 20 Km., he uses 10 Ltr petrol per day. If we take Rs. 30/- per ltr. of petrol and 40 Km per ltr. as a base his car is using 20 times more petrol than standard so he would be charged Rs. 600/- per ltr. of petrol (20* Rs.30/-). He has to pay Rs. 6000/- per day for use of 10 ltr. petrol in fact he is paying Rs. 300/- only so Rs. 5700/- per day is subsidy to him and for year Rs. 20,80,500/- (Rs. 5700*365. If their are 10000 users of car giving avg. of 2 km/ltr than subsidy to him is 2080,5000000 (Apprx. Rs. 2080/- Crore)!!!!!!.
1)Don't you think that at present governemt is giving subsidy to a purcahse of petrol whose vehicle are giving average of 2, 4 or 8 per Km ltr. and burden of same is passing on the vehicle owner whose vehicle is giving averae of 40, 60 or 80 per ltr. ?
RE:Innovative Suggestion For Fixing of Petrol Prices
by MS on May 27, 2008 08:52 PM Permalink
Fuel is still cheaper in India than in Europe. It costs 93 rupees a litre in Germany. We should reduce our addiction to foreign oil by raising fuel prices.
Lesser Oil consumption means lesser forex outflow. Lesser Forex outflow means stronger rupee. Stronger Rupee means lesser inflation.
RE:Innovative Suggestion For Fixing of Petrol Prices
by rakesh thakur on May 27, 2008 10:18 PM Permalink
lesser oil consumption means lesser mobility means lesser work means lesser output means lesser progress means lesser demand means greater problem as simple as that
1.Start the rationing of Petrol/diesel for issuing only on alternate days. 2.People with private OWNED vehicles[2 4wheels] MUST be charged social cause charges of 33%of Registered value of vehicle[2 4 wheels]as one time charge immediately and with Revenue allocated to oil companies 3.Increase the cost of petrol-40% and diesel by 20%and country to brace for the worst till some thing tangible can be done to reduce the hike on cost of living 4.If the calcualtions of Rs 22/lt as expalined earlier is correct Govt should reduce excise and import duties to reduce the cost 5.IT surcharge ONLY on OWNERS of 2&4wheelers-immediately by 5% 6.Impose on all HD CoMmercial vehicles 10%surcharge-of value of vehicle immediately as IT surcharge OR 15% of Registered value of vehicle as one time surcharge 7.Complete Tax/excise concession on all type of electrical vehicles irrespective of class /capacity etc; 8.Open out ethanol cum Bio Disel production to private sector as an Industry policy with open bank loans etc forthwith 8a.Reduction to all Sugar mills on Tax /Excise on Ethanol productions 9.Complete tax concession for builders for making Solar powered electrical systems in houses/Residences /IT parks/Complexes 10.Immediately invest part of 300US$ Billions on Infra structure and Public transport with fixed time completion 11.Do not hand over Billions to state govt departments but as SPV and Private sector to be called to implement time bound completion in all major ci
Where are the suggestions like improving public transportation, Work From Home, incentives for R&D on fuel efficiency, Emphasis on renewable energy(Windmills, Solar and Tidal) and many more
let me add my penny in the long list of pathetic solutions suggested by rediff--- let all the countries bomb the gulf and arab countries and divide the oil fields among themselves...we have 2 advantages of this you see..first is ofcourse no need to pay for the oil to the arabs anymore..second..not paying for the oil will eventually stop the flow of money to the terrorists as we all knwo all oil money eventually reaches in the hands of terrorist...countries may also consider wiping out the entire Arab nations if they want to get rid of terrorism from world completely...not a bad idea at least better than some ideas suggested by rediff...:)
RE:best solution
by me mumbaikar on May 28, 2008 11:58 AM Permalink
yes obviously...in that case you would have a new terrorising greedy super power sitting on your head pressing you more into submission interms of your freedom for everything....which would be USA....who is currently behind each and every oil producing coutry....conquering them very systematically for its own use for money to rule the world....it started with afganisthan followed by Iraq and Iran, Venezuela, nigeria, lebenana and so on.
some of the suggestions are so funny "lets make a purchasing cartel" heehahaha, the exporters will be glad to cut of supplies and doom the rest of the world.
RE:True Price of Petrol ...
by pankaj garg on May 27, 2008 01:12 PM Permalink
your information is not correct the US economy is under presure due to high oil & food prices only.
RE:True Price of Petrol ...
by Sunil Narang on May 27, 2008 12:51 PM Permalink
how did you arrive at the price of petrol??...crude oil costs 135 dollars a barrel. A barrel has 205ltrs of oil. refining costs for making it petrol.
RE:True Price of Petrol ...
by kaustubh saha on May 27, 2008 01:25 PM Permalink
Standard Oil barrel is 42 US gallons = 42 x 231 cubic inch = 42 x 231 x (2.54)^3 cc = (42 x 231 x (2.54)^3)/1000 litres = 158.9873 litres
One of the ways to reduce oil prices is to reduce oil dependence, and one of the major ways to reduce oil dependence is to make citizens of India travel by good standard public transport, rather then use 4 wheelers and 2 wheelers!!! This will also be inline with Tata's dream as obviously public transport be it buses or local train, will save family of four from getting drenched in the rain! yes ofcourse, there would be bus stands with roofs also... Anyway my point being where is the mention of increasing spending on public transport to the max possible to that that will effect an inverse dependence on petrol and diesel usage by the masses.
1. Solar Cell, Solar Thermal are very good promising renewable energy sources. Solar cell industry is like 1980's microchip industry, prices will come down drasticaly in another 5 years. SO Indian should invest RnD money heavily on these areas and should come out with attractive policy for encouraging small scale and large scale industries to venture into these fields.
2. Electric vehicles, Electric cars, Fuel cells: Government should frame policy making it mandatory for all Indian automobiles companies to come out with their won version of electric vehicles. And slowly over a period of 10 years 50% of petrol/diesel vehicles should be replaced with electric vehicle. Something like only heavy transportaion vehicles should run with diesel. If good RnD dollars go into research then India can sure reduce its oil dependency considerably.
3. Ethanol production capacity should be increased. Governemnt should encourage farmers and other industries related to this industry with very good policies and finance scheme.
4. Large scale grid connected solar farm should be encouraged. And if possible majority of rural area must be electrified using grid connected soalr cell farms. This will reduce our load on thermal power plant. Thus reducing our carbon foot print by reducing coal consumption. Even depending on uranium in not a good long term option. Because even this resource is limited.
5. Wind energy is also a very good option. Where ever possible identify wind energy sites
RE:Invest heavily in RnD of Clean Technology
by Deepak Jadhav on May 27, 2008 10:10 AM Permalink
5. Wind energy is also a very good option. Where ever possible identify wind energy sites and government should comeout with large scale installation of wind turbines. This too will take care of our large scale energy demands.
6. And heavy RnD money should go into research of Long life Batteries, Fuel cell, Hydrogen storage devices, etc etc. And Government should make lot of policies in clean energy.
What I feel is the attractive policy in clean energy and governments commitment towards implementing it will help initiate the procoess of reducing our oil dependency.
