Want this question answered?
demand of petrol are going up year by year and petrol is nonrenewable source of energy
Because the petrol price has gone up?
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.
It dipends where you live, it's gone up in price quite a bit.
Etios, Beat
The price of fuel went up in the UK due to a 2p tax per litre.
250 disel will not start
because the driving age has gone up so there is less people buying petrol. so you have to pay more for it cause there less people paying for it
Inflation
fair market and they can get way with it. simple
The cost of a liter of petrol in the United States of America in 1983 was $4 per little. The price has however gone up because of the increased demand and the depleted sources.
Gas prices are set by a supply and demand system. If something happens that effects that system then the price can go up or down. Gas prices will go up in the United States when a Hurricane hits the gulf of Mexico coast and the Oil processing plants and Oil rigs have to close down. The demand for the oil/gas goes up and the supply goes down so the prices go up. In a situation like the Swine flu gas prices are going down because the demand is going down while the supply is going up. As the demand for gas/oil goes up the prices will follow.