..because the Indian government is today run by the agents of big corporate houses and all they want is profit and not the future well being of the country or its people.
9 times hike in last 9 months.
because the govt just wants profit. they doesn't bother about their people sufferings
The Indian government fixes a price for oil in India, instead of allowing the market to determine the price. The oil ministry recommends a price for Congress to set.
Price mean
When the price of an object increases.
hi this is rushikesh tandel id is rushikeshtandel@yahoo.co.in, my que is how get petrol pump licence in raigad maharastra, & pls give all price related by petrol pump
Price hike leads to the development of the country.If there will no development then India will always said to be a developing country never a developed country.As on 20th of august there was increasement in the prices of food but it is advantageous for the farmers so that they would be able to produce food of better quality.
Many private cars will go off the road during scarcity of petrol in India. Those rich persons who can afford higher price, will ply cars. Since India is dependent on oil import, this situation may arise in future. It is better to ply private cars every alternate day for saving previous petrol.
An increase in cost
I don't know who asked that question, but he must be f***ed in the brain
what happens if petrolium price is hike
Cross Elasticity Coefficient is defined as when the price of a particular commodity rises how is the demand of another commodity changing. If the goods are complements like say for example petrol and petrol driven cars, if there is a price hike in petrol then demand for petrol cars would fall. Hence a negative cross elasticity of coefficient. On the other hand the demand for deisel cars would rise (given the deisel prices are constant) because they serve as substitutes, and will have a positive cross elasticity.