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Petrol prices can change frequently, often on a daily basis, depending on various factors such as crude oil prices, supply and demand dynamics, and local market conditions. In some countries, prices are adjusted every day, while in others, they may change weekly or monthly. Additionally, geopolitical events and seasonal fluctuations can also impact the frequency and magnitude of price changes.
What else can I help you with?
Are petrol stations allowed to change the petrol price to the old price if old petrol is in the petrol tank?
I don't know who asked that question, but he must be f***ed in the brain
When was petrol 5 shillings and 11 pence?
Petrol was priced at 5 shillings and 11 pence in the UK during the mid-1950s. This price reflects a time of significant economic change and post-war recovery. The exact date can vary by location, but this price point is often associated with the early years following World War II.
Does the changing of petrol price affect the rate of inflation?
The changing of petrol price affects the rate of inflation. When petrol price increases, it follows that the cost of production and transportation of most goods also increase.
What was the price of petrol in Britain in 1958?
in the 1958 britain's petrol had didn't price than now, because many the people of Britain didnt now about petrol and their use...........
What was the price of petrol in Australia in 1984?
In 1984 the price per litre of fuel was 50¢.
How often do you change your camshaft belt on your 106 petrol?
bout every 40 - 60,000 mate
Can petrol stations charge the new prices if they have old petrol in the tanks?
obviously yes...because petrol like gold is priced at market price and not at the price which existed earlier.
Price of white petrol?
good
Why does petrol price in Pretoria differ from that in Durban?
The petrol price in pretoria differs from that it Durban because petrol station owners have to pay a different price than from pretoria because the two have to pay different amounts of money from exportation
How often do petrol price change?
Petrol prices can change frequently, often daily or weekly, depending on various factors such as crude oil prices, supply and demand dynamics, and geopolitical events. In some countries, prices are adjusted based on local market conditions and government policies. Additionally, retailers may alter prices based on competition and operational costs. Therefore, the frequency of changes can vary by region and market structure.
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.
Main factors which affect price elasticity of demand petrol?
The price elasticity of demand for petrol is primarily influenced by the availability of substitutes, consumer necessity, and the proportion of income spent on petrol. When there are few substitutes available, demand tends to be inelastic, as consumers have limited options. Additionally, since petrol is often considered a necessity for commuting and transportation, demand remains relatively stable despite price changes. Finally, if petrol prices constitute a larger portion of consumers' budgets, demand may become more elastic as individuals seek alternatives or reduce usage.
