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The increase in petrol prices can lead to higher transportation costs, which subsequently raises the prices of goods and services across various sectors. This can contribute to inflation, affecting the overall cost of living for citizens. Additionally, it may impact the economy by reducing disposable income, leading to decreased consumer spending. In some cases, the rise in fuel prices can also trigger public discontent and protests, influencing political stability.
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Petrol is a complementary product for car.How can increase in income will affect the demand for petrol if you know that a car is a normal good?
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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.
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.
How will increase in exports affect balance of payments in a developing country?
increase in exports means that other countries are demanding goods from your coutry. hence, more money flows in.
How does growth in population affect economic development of country?
Every one know that, now a days population increasing. due to increase in population , poverty is also increase. it affect on our economic development. growth of economic development stop by poverty.
Petrol is a complementary product for car.How can increase in income will affect the demand for petrol if you know that a car is a normal good?
i dont knowhgfdgfhjjk
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.
How does temperature affect the physical properties of petrol?
An increase in temperature will reduce the density, reduce the viscosity, reduce thermal conductivity, and increase the specific heat capacity. A decrease in temperature will have the opposite affect.
What will happen if we put 1 ratio 4 petrol and methanol mixture in petrol engine?
it will increase its performance
How does combustion of petrol affect the air?
the air pollution
How can you increase fuel efficiency in a petrol engine?
Don't turn it on.
How much is tax on petrol?
It depends on which country you are in.
Which is the first country produced petrol?
Iran
What is the petrol price in Brunei country?
51.65/-
What are the factors affect death rate of sri lanka?
lack of food supply and increase of polution in the country
What is used to increase the anti-knocking property of petrol?
tetraethy lead
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.
