Dear,
In our organization, we increase petrol prices only when there is an increase in petrol price on two occasions. Accordingly, please find attached a circular that I sent to all employees and branches. This is our standard procedure. I arrived at this decision by calculating the increase from the previous price, which came to 17.25%. Therefore, the increase has been implemented accordingly.
Regarding your query, I am unaware of the last petrol price increase in your organization. You can apply the same methodology and calculate it based on the increase from the old price to the current price.
As for the issue of cars, we provide a set amount of petrol every month based on the employees' grade or fieldwork. Therefore, the price increase will not impact these employees.
Balaji
From India, Madras
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102In our organization, we increase petrol prices only when there is an increase in petrol price on two occasions. Accordingly, please find attached a circular that I sent to all employees and branches. This is our standard procedure. I arrived at this decision by calculating the increase from the previous price, which came to 17.25%. Therefore, the increase has been implemented accordingly.
Regarding your query, I am unaware of the last petrol price increase in your organization. You can apply the same methodology and calculate it based on the increase from the old price to the current price.
As for the issue of cars, we provide a set amount of petrol every month based on the employees' grade or fieldwork. Therefore, the price increase will not impact these employees.
Balaji
From India, Madras
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Dear SM,
If you consider the current running cost for a four-wheeler, including maintenance (servicing, wear, and tear), you will find Rs. 4/- per km viable. However, you can judge the costing by discussing with your colleagues who use four-wheelers. The purpose of providing the attachment was to give you an idea for drafting policy, as rates can vary from company to company. If we hire a commercial four-wheeler, the minimum charges are Rs. 7 to Rs. 8/- per km. From that perspective, Rs. 4/- per km is on the justifiable side.
Regards,
Harish
From India, Ludhiana
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If you consider the current running cost for a four-wheeler, including maintenance (servicing, wear, and tear), you will find Rs. 4/- per km viable. However, you can judge the costing by discussing with your colleagues who use four-wheelers. The purpose of providing the attachment was to give you an idea for drafting policy, as rates can vary from company to company. If we hire a commercial four-wheeler, the minimum charges are Rs. 7 to Rs. 8/- per km. From that perspective, Rs. 4/- per km is on the justifiable side.
Regards,
Harish
From India, Ludhiana
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Hi, I agree with Harish . Let me know is it viable to fix a monthly lumsum as fuel expenses.Normally how do you all monitor this policy. Looking fwd to hearing from you Angha
From India, Calcutta
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From India, Calcutta
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Dear SM,
This is in response to the email addressed to Mr. Harish. Please conduct a sample study in your city. Please put yourself in the shoes of an employee attending an official job traveling 10 KM by auto. The auto charges will exceed what you are entitled to if the compensation you provide is less than Rs. 3.50 or 4. If you travel by your own two-wheeler, to save money, you might be sacrificing your energy and comfort. I hope most companies implement employee-friendly policies. This is just a suggestion based on my experience.
From India, Vadodara
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This is in response to the email addressed to Mr. Harish. Please conduct a sample study in your city. Please put yourself in the shoes of an employee attending an official job traveling 10 KM by auto. The auto charges will exceed what you are entitled to if the compensation you provide is less than Rs. 3.50 or 4. If you travel by your own two-wheeler, to save money, you might be sacrificing your energy and comfort. I hope most companies implement employee-friendly policies. This is just a suggestion based on my experience.
From India, Vadodara
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Hi,
I want to start petrol expenses and per day allowances to be paid to the employees for petrol. How should I put that in practice and want to know if I should pay the employees according to the average that the vehicle gives or a standard rate. The company has a few employees who go for marketing purposes for the whole day as well as a few employees who go just for a few hours, maybe one or two hours a day.
Please help me as I am new to the company and a fresher.
Thanks.
From India, Pune
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I want to start petrol expenses and per day allowances to be paid to the employees for petrol. How should I put that in practice and want to know if I should pay the employees according to the average that the vehicle gives or a standard rate. The company has a few employees who go for marketing purposes for the whole day as well as a few employees who go just for a few hours, maybe one or two hours a day.
Please help me as I am new to the company and a fresher.
Thanks.
From India, Pune
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documents require for petrol reimbursement. log book is mandatory
From India, Mumbai
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From India, Mumbai
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Dear All,
Thank you for sharing your experience regarding fixing petrol claims for two-wheelers and four-wheelers. However, I need proper supporting justification. If we are to fix a conveyance allowance for any vehicle, we should calculate the following particulars:
- Average vehicle mileage
- Fuel cost per liter
- Maintenance cost per km
For example: Two-wheeler - Average mileage 50 km per liter. Fuel cost as of date: Rs. 84 (84 / 50 = Rs. 1.68). Maintenance cost for a new vehicle - first 3 months service charges - Labor: Rs. 250, Replacement of Oil: Rs. 600, Service expense: Rs. 250, Other expenses: Rs. 250. Overall maintenance cost for 3 months = Rs. 1500 (1500 / 4500 = 0.35). Replacement of Tire cost = Rs. 1100 x 2 = Rs. 2200 for 35000 km (2200 / 30000 = Rs. 0.08). Total cost per km = Rs. 1.68 + 0.35 + 0.10 = Rs. 2.13.
I hope this can justify ourselves. In case anything is missing, please advise me.
Thanks & Regards,
P.K. Jagadeesan
From India, Bangalore
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Thank you for sharing your experience regarding fixing petrol claims for two-wheelers and four-wheelers. However, I need proper supporting justification. If we are to fix a conveyance allowance for any vehicle, we should calculate the following particulars:
- Average vehicle mileage
- Fuel cost per liter
- Maintenance cost per km
For example: Two-wheeler - Average mileage 50 km per liter. Fuel cost as of date: Rs. 84 (84 / 50 = Rs. 1.68). Maintenance cost for a new vehicle - first 3 months service charges - Labor: Rs. 250, Replacement of Oil: Rs. 600, Service expense: Rs. 250, Other expenses: Rs. 250. Overall maintenance cost for 3 months = Rs. 1500 (1500 / 4500 = 0.35). Replacement of Tire cost = Rs. 1100 x 2 = Rs. 2200 for 35000 km (2200 / 30000 = Rs. 0.08). Total cost per km = Rs. 1.68 + 0.35 + 0.10 = Rs. 2.13.
I hope this can justify ourselves. In case anything is missing, please advise me.
Thanks & Regards,
P.K. Jagadeesan
From India, Bangalore
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