[Resolved]  Savita Chemicals Limited — Excessive engine oil charges

Despite the fact that the prices of Oil have been plummeting world over (including India), the price of Engine oil (lubricant) which is a byproduct of fractional distillation of petrol and is filtered and obtained even before petrol, has been almost doubled by Savita Chemicals Ltd. of Mumbai. This engine oil is used for Honda Activa scooter.

Just around an year back the price of 800 mL bottle was less than 100 rupees and within a span of around an year they increased the MRP to Rs. 173. The dealers attributed the increase in price to increase in oil prices internationally around Aug 2008, when the crude oil prices soared up to 147 USD per barrel. But the prices of crude oil have almost become one-third now i.e. 47 USD per barrel. And still the company has not even halved the price of their engine oil.

The same story goes for the other engine oil and lubricant manufacturers.