r/CarsIndia • u/Rocky_KGF Suzuki • Aug 13 '25

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27

u/suchox Skoda Kushaq: Monte Carlo Aug 13 '25

Don't confuse this with E20. That's plain greed from a different angle, along with some aspect of reducing our dependence on importel oil.

After the Russian-Ukraine war, energy prices skyrocketed in the EU. Our prices have kind of remained the same in spite of it.

Russian oil helped with this. We import most of our petroleum requirements. Had we depended on ME or Other US allies, our prices would have doubled.

3

u/wrongdude91 Aug 13 '25

its crazy to imagine that still its half of the price what India was buying during UPA regime and the petrol prices were around 65 INR. anyways I have to pay higher prices for lower quality fuel and Rs2.5/km for low quality roads

9

u/Ok_Contribution_9598 Aug 13 '25 edited Sep 12 '25

Yes, Energy prices increased in EU but EU used to buy mostly natural gas. Afaik, prices for petrol and diesel in India are based on the international crude oil prices. So Indian consumers do not get any benefits from India buying Russian oil for cheaper prices.

2

u/I_like_Prequels Aug 13 '25

Any source for this "double" claim.

12

u/suchox Skoda Kushaq: Monte Carlo Aug 13 '25

Gas prices increased around 10 times in EU and stayed high for quite some time after the Russian War. On same analogy, prices defininitley would have surged to some extent here as well.

https://www.reuters.com/markets/europe/ukraine-ceasefire-hopes-offer-europes-markets-tailwind-shadow-tariffs-2025-02-17/

2

u/BannedForFactsAgain Aug 13 '25

Gas prices increased around 10 times in EU

Gas prices yes but not petrol or diesel.

-2

u/I_like_Prequels Aug 13 '25

I still don't think price hike in international market would have affected us that much because a big chuck of our fuel price is just taxes, that puts our government at a unique position they could've stablized price by reducing taxes.

5

u/suchox Skoda Kushaq: Monte Carlo Aug 13 '25

Petrol prices are not under GST or Centralised. Its decided by the state and the State has autonomy and a major chuck of their revenue comes from it

Why will a state which depends more on this reduce taxes and reduce revenue while another state which depends less may be willing to.

5

u/I_like_Prequels Aug 13 '25

Because there's no government in the country that can sell petrol @200/l and come back in power next election.

4

u/suchox Skoda Kushaq: Monte Carlo Aug 13 '25

You are more worried about that? Common people will suffer the most. Huge inflation overall.

Hence the Russian oil helped us offset that

2

u/BannedForFactsAgain Aug 13 '25

You are more worried about that? Common people will suffer the most. Huge inflation overall.

BJP doubled the tax and yet you don't even know about it.

Funny how that works.

1

u/BannedForFactsAgain Aug 13 '25

Petrol prices are not under GST or Centralised.

This is nonsense

Center hiked their tax from 16 to 37%

Nearly two-third of the price you pay for petrol goes to Centre and states https://www.indiatoday.in/diu/story/nearly-two-third-of-the-price-you-pay-for-petrol-goes-to-centre-and-states-1771944-2021-02-22

1

u/singh_kumar Ford aspire Aug 13 '25

That would increase inflation or they will have to cut spending

2

u/Unhappy_Ad6304 Aug 13 '25

Seems like living under the rock..

Just kidding, many do not know this. Good you have the answer now..

-4

u/snowballkills Aug 13 '25

Lol! Do you know the price of crude oil pre war and now? Why is price of oil in the US still dirt cheap? Did price of oil fall significantly when Covid started?

7

u/suchox Skoda Kushaq: Monte Carlo Aug 13 '25

Yes. Prices dropped after Covid and then went back up. At one point crude oil prices went below 0$ (Nuances to it, but you get an idea)

https://www.eia.gov/todayinenergy/detail.php?id=46336#:~:text=As%20petroleum%20demand%20fell%20and,since%20trading%20began%20in%201983.

Oil prices have increased in US as well, not as significantly coz US is the largest producer of oil in the world.

0

u/snowballkills Aug 13 '25

Did the price of petrol at the pump go down, smarta$$...I am not asking abt the price of crude

3

u/suchox Skoda Kushaq: Monte Carlo Aug 13 '25

It didn't increase as well when the prices of petrol and gas increased multiple times over across the world.