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Raising petrol prices can lead to increased transportation costs, which may result in higher prices for goods and services, ultimately straining consumers' budgets. It disproportionately affects low-income households who rely on affordable fuel for commuting and essential activities, exacerbating economic inequality. Additionally, higher petrol prices can hinder economic growth by reducing consumer spending and impacting businesses that depend on transportation. Keeping petrol prices stable supports overall economic stability and accessibility.
What else can I help you with?
Why are the prices of petrol and diesel going up?
demand of petrol are going up year by year and petrol is nonrenewable source of energy
Petrol prices in India cities in 1999?
34.50 Rupee
Why is the price of oil consistently increasing which is causing petrol to rocket in price?
Oil is set by the oil cartels and the government. They have their own reasons, including greed to set the prices the way they do.
What usually happens to prices when there is a demand for a product?
The price is raised.
Why is gas or petrol prices in Australia higher than the US?
Simple 3 letter word- TAX
How have the prices of petrol products changed in the last 12 months in America?
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.
Why is it when Petrol prices go up food prices go up but when petrol prices go down food prices remain as they are when petrol prices start to go up again food prices go up so the consumer cant win?
you got it all in one!
What are the petrol prices?
1 BAREEL
Petrol prices in Europe?
$3.50 a litre.
How much is a liter of petrol in Newcastle?
A litre of Petrol in NewCastle, England costs around å£5, but the prices vary according to the location and uptodate info should be obtained regarding the same.
Why are the prices of petrol and diesel going up?
demand of petrol are going up year by year and petrol is nonrenewable source of energy
How do you find gas and petrol at cheap prices?
go to Nar Nar Goon Petrol station
When will petrol prices will decrease in India?
goverment should remove all taxes from pertol I.e (Goa goverment has already done)
How are actual PETROL PRICES tied to the cost of a barrel of oil?
Petrol, or gasoline, prices will fluctuate, generally, in the same direction as the price of oil. However, there are other factors, including shipping and refining expenses, that go into the price of petrol.
Why should petrol be saved?
Petrol should be saved. It is a limited resource.
Why are petrol prices rising in India can you provide a comparative statement with other Asian countries?
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.
What was the petrol prices in New Zealand in 1958?
25c a gallon
