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When the people responsible for price of oil raise it for no apparent reason.

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11y ago

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Related Questions

What is the meaning of price hike?

When the price of an object increases.


Is there any law for oil price hike?

nope


What is the meaning of the word hike which is a verb?

to go on a hike


Article on price hike?

Price mean


What do you mean by price hike?

An increase in cost


What happens if price of petrolium products increased?

what happens if petrolium price is hike


Is hike a common noun?

Yes, the noun 'hike' is a common noun; a general word for a long walk or march; a general word for an abrupt increase or rise (a price hike or a pay hike).The word 'hike' is also a verb: hike, hikes, hiking, hiked.


About the continuous oil price hike?

From a purely economic standpoint, it's supply and demand. They supply you with oil based products and demand your money! (just kidding). First of all, oil is a limited resource in the Earth's crust. As a limited resource, we only have so much of it before it runs out and there's none left at all. So as the demand worldwide stays the same or increases for oil, the supply is only getting smaller. As supply goes down, and demand goes up or remains the same, prices naturally get higher. Second, the companies and countries that have the rights to the land on which they drill for oil have the right to sell their oil at any price (assuming it's similar or less in price than other companies/countries offer) they want to countries with less oil-rich land. The demand in these countries may be very high, while the supply may be very very low. This drives up regional prices. Finally, as inflation happens, the price of all commodities increases. As the value of a money supply decreases, the value of a limited resource increases. Therefore, you get a constant rise on the price of oil. -Jonathan C. Holcomb


How many times petrol price hike in delhi in 2010 -2011?

9 times hike in last 9 months.


What is price hike?

Another way of saying went up


How to Write a Report about Price hike in a newspaper?

The length of the article should depend on the severity of the price hike. If the price hike is relatively small and has been occurring for several years or so, the article does not need to be very long as this is not very 'new.' Thinking about your audience will help. Investors will be most interested in a price hike as it affects their companies profits; however, if the price hike involves common items like gasoline (very important because gasoline is used in shipping and many other products like lip balm and clothing) or cereal. You can talk about how the price hike will affect the economy and what influenced the rise in price. Predictions for the future may not be accurate and should not be included. Opinions on the hike make the article more interesting, but these should be from pros not random people on the street unless you want to make an opinion poll about how people feel about the price hike.


Effects of oil price hike in the Philippines?

ang possible na epekto nito ay di na makakaandar yung mga sasakyan kasi wala ng gasulina