goverment should remove all taxes from pertol
I.e (Goa goverment has already done)
34.50 Rupee
Because pricinig of petrol is linked with crude import from international market and the oil companies in India are authorized to revise the rates accordingly.
Petrol prices are the most volatile across the world. The price of gasoline depends on the price of crude oil, the taxes imposed by different states, the exchange rate and oil company costs. Demand and supply imbalance also influence petrol and diesel prices. So prices vary in different countries. In India, petrol prices continue to rise as the country largely depends on imports to meet its requirements.
If there is a decrease in the supply of petrol, the revenue from petrol sales is likely to increase, assuming demand remains constant. This is due to the basic economic principle of supply and demand: a reduction in supply typically leads to higher prices. Consequently, even if the quantity sold decreases, the higher prices can result in greater overall revenue for petrol sellers. However, if the price increase leads to a significant drop in demand, the revenue impact could vary.
It really depends on the economy and financial stuff.... but i think it should decrease in about 6 months or so.
The prices of petrol products have changed in the last 12 months by -4.78% in America. Petrol prices are currently 3.665, and one year ago the prices were 3.849.
you got it all in one!
0.98%
1 BAREEL
india using petrol and diesel in per day
$3.50 a litre.
demand of petrol are going up year by year and petrol is nonrenewable source of energy