Thread: Will it burn again???

I wonder why nobody opened a thread on this one. It’s one of the biggest current affairs. Okay Okay stop pulling your hairs, I am talking about the Petrol/Diesel prices.
As you all are aware that the Petrol and Diesel prices went down by 5 INR and 2 INR respectively since 6th December. It’s indeed great news and if you want more, the latest news is that it could again drop to 6/litre next month.:w00t:
Many motorists will not remember the last time they paid less than INR 5 a litre for petrol – that was 4 years ago when Crude oil was trading at 39 a barrel.
Trivia: India is the only country in the world where Kerosene is cheaper than mineral water.
But the point is, this should have happened way back.
Today the common man is seriously hunting for the answers for the questions rising in his mind:
-Is is just because of the elections?
-Will Government raise the prices shortly, after the election?
No one knows, but one thing is sure, this is the time to get your tanks full and enjoy the festival season.
Expert thinks (which is me) that the Indian economy is getting back on the track.
-Inflation rate has been controlled in single digit.
-Petrol/Diesel prices slashes, expected to dip more.
-Signs of Improvement in Share Market as well.
-Home Loan interest rate went down.
-RBI reduced CRR ratio, which means more cash in market.
Just hope that the journey towards Growth, Peace and Success continues…

wow great info manish...

can you please share source of info, i really want to read more about it

Thanks smoothie..glad you liked it

But i don't think there is no such news for which you need a source:
Everyone knows about petrol prices, Inflation rate is down-any bussiness channel, CRR Ratio and Interest Rates down- again bussiness channels

@All
One thing which I didn't mention and which I want to know is,

DID ANY OF THESE CHANGES EFFECTED YOU, IF YES, THEN HOW?

Central govt has announced a 4% cut in excise duties across all the sectors to boost the demand in this recession period.

This is expected to give a push up to the sagging econony.The effects of this cut has already been felt.Auto sector and consumers goods sector has already passed on this benefit to the consumers.

More such steps are expected from the govt in near future.

like nav said, the benefits will take a bit of time to get to the consumers

and as for the fuel price cut, it just made few more ml difference in my re-fueling

More economic packages are in the offering as per the news. Banks have asked for subsidy for loans below 5L so that they can give loans at 7%.

But in my opinion, the housing market is still too much overpriced. A flat actually worth Rs. 10L is being sold for Rs. 30L. The government should let the real estate price crash a little before dishing out subsidies.

People feel happy when subsidies are given completely forgetting that they have already paid for them or will pay for them by other means. I am no entirely against subsidies but subsidies lock/stock and barrel will weaken the economy further. Deisel subsidy must be eliminated in steps.

If the government improves road infrastructure, it will really help in cutting down the fuel bills because vehicles will automatically start giving better yield per litre of fuel consumed. For instance, roads in certain areas of Pune were improved for CYG, 08. My Santro, which used to return me 12.5~13 km/l is now giving me 14 km/l. This has resulted me a benefit of nearly 50 km on a full tank.

The dedicated rail freight corridor is the right way to go. Goods transport will become much more efficient and quicker (at least on paper). The current railway tracks will be free of goods trains and that will allow faster movement of passenger trains, cutting down in time required to travel.

Originally Posted by navgemi

Central govt has announced a 4% cut in excise duties across all the sectors to boost the demand in this recession period.

This is expected to give a push up to the sagging econony.The effects of this cut has already been felt.Auto sector and consumers goods sector has already passed on this benefit to the consumers.

More such steps are expected from the govt in near future.

Oh that's really great, I didn't knew that

Originally Posted by just4kix

More economic packages are in the offering as per the news. Banks have asked for subsidy for loans below 5L so that they can give loans at 7%.

But in my opinion, the housing market is still too much overpriced. A flat actually worth Rs. 10L is being sold for Rs. 30L. The government should let the real estate price crash a little before dishing out subsidies.

People feel happy when subsidies are given completely forgetting that they have already paid for them or will pay for them by other means. I am no entirely against subsidies but subsidies lock/stock and barrel will weaken the economy further. Deisel subsidy must be eliminated in steps.

I agree with you when you said most of the things are already overpriced. Same with Petrol. The cost of petrol is already kissing sky, the reduction of 5 Rs is nothing, it should dip down more, can't say what should be the good price but atleast it should be around 35/L.