What was the price of petrol in 1983?
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Asked in Gas Prices
Are petrol stations allowed to change the petrol price to the old price if old petrol is in the petrol tank?
Does the changing of petrol price affect the rate of inflation?
Asked in Oil and Petroleum
Can petrol stations charge the new prices if they have old petrol in the tanks?
Asked in Pretoria
Why does petrol price in Pretoria differ from that in Durban?
Asked in Economics, Gas Prices
Does the price of oil affect the price of petrol?
Yes, petrol prices will move slightly to reflect the oil price, although in the UK the the oil cost is a very small part of the price per litre, tax and fuel duty makes up the majority of the cost. Also as petrol if produced through fractal distillation (separation of crude oil) the price of petrol is most likely to increase slightly through the price of oil.
Asked in Economics
What effect an increase in the price of petrol is likely to have on equilibrium price?
an increase in the price of petrol will make the price of the car also increase.It will reduce the demand of the car and the demand and supply curve will shift to the left .The car and the petrol is compliment goods whereby it related to each other alike car cannot move without petrol and cannot play badmintion without a shuttle.
Asked in Cars & Vehicles
What was the price of a gallon of petrol in 1989?
Year Price per Litre (p) Price per Gallon Retail Prices Index Petrol Price in constant terms (1983=100) 5-year % increase 1983 36.7 1.670 83.1 100.0 - 1984 38.7 1.759 87.5 100.0 - 1985 42.8 1.946 92.8 104.3 - 1986 38.2 1.737 96.7 89.4 - 1987 37.8 1.719 100.6 85.0 - 1988 34.7 1.578 104.1 75.4 -5.5 1989 38.4 1.746 112.3 77.4 -0.7