Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Fuel prices needn’t rise -Aunindyo Chakravarty    </title>
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The govt must fix the maximum profit margin a refinery is allowed to make

FUEL prices have been rising almost daily for more than a week now. The bumps are small, 80 paise at a time. The petrol price hike..."/>
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The govt must fix the maximum profit margin a refinery is allowed to make

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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>The govt must fix the maximum profit margin a refinery is allowed to make</em></p><p style="text-align:justify">FUEL prices have been rising almost daily for more than a week now. The bumps are small, 80 paise at a time. The petrol price hike philosophy appears to have been informed by a standard marketing ploy. Keep the number below a round figure and it will look less than it really is: Just as Rs 99.99 appears to be closer to Rs 90, even though it is almost Rs 100. The creeping hikes also borrow from the playbook of smart HR departments faced with big downsizing targets. They let people go, in drips and drabs, over several months. This has the same impact as a one-time big-bang sacking of a large number of people, but keeps the retrenchment off the news.</p><p style="text-align:justify">In any case, most people were expecting their fuel bills to increase dramatically after the UP elections were over. It shows that no one believes that petrol and diesel prices have been really deregulated. Only a nudge from above, caused by electoral calculations, can explain why oil marketing PSUs held fuel prices for more than four months, even though the rupee cost of the Indian crude basket &mdash; the crude that Indian refineries buy &mdash; had shot up by 19 per cent during that time.</p><p style="text-align:justify">Real deregulation would have meant that fuel prices would have gone up in tandem with the rise in the cost of crude. So, if oil marketing companies were to increase fuel prices at the same rate as the change in crude prices, we should have been paying Rs 18 more for a litre of petrol compared to what we paid in November. That means there is still a long way to go before fuel prices catch up with the cost of crude.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738" title="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738" class="re" target="_blank">The Tribune, 2 April, 2022, https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738</a><div class="clear"></div>
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The govt must fix the maximum profit margin a refinery is allowed to make

FUEL prices have been rising almost daily for more than a week now. The bumps are small, 80 paise at a time. The petrol price hike..."/>
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    <h1 class="cat-box-title">Fuel prices needn’t rise -Aunindyo Chakravarty</h1>
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>The govt must fix the maximum profit margin a refinery is allowed to make</em></p><p style="text-align:justify">FUEL prices have been rising almost daily for more than a week now. The bumps are small, 80 paise at a time. The petrol price hike philosophy appears to have been informed by a standard marketing ploy. Keep the number below a round figure and it will look less than it really is: Just as Rs 99.99 appears to be closer to Rs 90, even though it is almost Rs 100. The creeping hikes also borrow from the playbook of smart HR departments faced with big downsizing targets. They let people go, in drips and drabs, over several months. This has the same impact as a one-time big-bang sacking of a large number of people, but keeps the retrenchment off the news.</p><p style="text-align:justify">In any case, most people were expecting their fuel bills to increase dramatically after the UP elections were over. It shows that no one believes that petrol and diesel prices have been really deregulated. Only a nudge from above, caused by electoral calculations, can explain why oil marketing PSUs held fuel prices for more than four months, even though the rupee cost of the Indian crude basket &mdash; the crude that Indian refineries buy &mdash; had shot up by 19 per cent during that time.</p><p style="text-align:justify">Real deregulation would have meant that fuel prices would have gone up in tandem with the rise in the cost of crude. So, if oil marketing companies were to increase fuel prices at the same rate as the change in crude prices, we should have been paying Rs 18 more for a litre of petrol compared to what we paid in November. That means there is still a long way to go before fuel prices catch up with the cost of crude.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738" title="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738" class="re" target="_blank">The Tribune, 2 April, 2022, https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Fuel prices needn’t rise -Aunindyo Chakravarty    </title>
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The govt must fix the maximum profit margin a refinery is allowed to make

FUEL prices have been rising almost daily for more than a week now. The bumps are small, 80 paise at a time. The petrol price hike..."/>
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The govt must fix the maximum profit margin a refinery is allowed to make

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    <h1 class="cat-box-title">Fuel prices needn’t rise -Aunindyo Chakravarty</h1>
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>The govt must fix the maximum profit margin a refinery is allowed to make</em></p><p style="text-align:justify">FUEL prices have been rising almost daily for more than a week now. The bumps are small, 80 paise at a time. The petrol price hike philosophy appears to have been informed by a standard marketing ploy. Keep the number below a round figure and it will look less than it really is: Just as Rs 99.99 appears to be closer to Rs 90, even though it is almost Rs 100. The creeping hikes also borrow from the playbook of smart HR departments faced with big downsizing targets. They let people go, in drips and drabs, over several months. This has the same impact as a one-time big-bang sacking of a large number of people, but keeps the retrenchment off the news.</p><p style="text-align:justify">In any case, most people were expecting their fuel bills to increase dramatically after the UP elections were over. It shows that no one believes that petrol and diesel prices have been really deregulated. Only a nudge from above, caused by electoral calculations, can explain why oil marketing PSUs held fuel prices for more than four months, even though the rupee cost of the Indian crude basket &mdash; the crude that Indian refineries buy &mdash; had shot up by 19 per cent during that time.</p><p style="text-align:justify">Real deregulation would have meant that fuel prices would have gone up in tandem with the rise in the cost of crude. So, if oil marketing companies were to increase fuel prices at the same rate as the change in crude prices, we should have been paying Rs 18 more for a litre of petrol compared to what we paid in November. That means there is still a long way to go before fuel prices catch up with the cost of crude.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738" title="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738" class="re" target="_blank">The Tribune, 2 April, 2022, https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738</a><div class="clear"></div>
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Fuel prices needn’t rise -Aunindyo Chakravarty

Published on Apr 2, 2022   Modified on Apr 4, 2022

-The Tribune The govt must fix the maximum profit margin a refinery is allowed to make FUEL prices have been rising almost daily for more than a week now. The bumps are small, 80 paise at a time. The petrol price hike philosophy appears to have been informed by a standard marketing ploy. Keep the number below a round figure and it will look less than it really is: Just as Rs 99.99 appears to be closer to Rs 90, even though it is almost Rs 100. The creeping hikes also borrow from the playbook of smart HR departments faced with big downsizing targets. They let people go, in drips and drabs, over several months. This has the same impact as a one-time big-bang sacking of a large number of people, but keeps the retrenchment off the news. In any case, most people were expecting their fuel bills to increase dramatically after the UP elections were over. It shows that no one believes that petrol and diesel prices have been really deregulated. Only a nudge from above, caused by electoral calculations, can explain why oil marketing PSUs held fuel prices for more than four months, even though the rupee cost of the Indian crude basket — the crude that Indian refineries buy — had shot up by 19 per cent during that time. Real deregulation would have meant that fuel prices would have gone up in tandem with the rise in the cost of crude. So, if oil marketing companies were to increase fuel prices at the same rate as the change in crude prices, we should have been paying Rs 18 more for a litre of petrol compared to what we paid in November. That means there is still a long way to go before fuel prices catch up with the cost of crude. Please click here to read more.

The Tribune, 2 April, 2022, https://www.tribuneindia.com/news/comment/fuel-prices-neednt-rise-382738

Tagged with: Fuel prices Fuel inflation Diesel Petrol Transportation cost Oil Marketing Companies Crude oil OMCs

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