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

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Q: What is the meaning of oil price hike?
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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.


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

9 times hike in last 9 months.


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


What is price hike?

Another way of saying went up


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

To write a report about a price hike in a newspaper, gather relevant information such as the product or service affected, reasons for the increase, impact on consumers, and any responses from officials. Structure your report with an engaging headline, introduction summarizing the issue, detailed body explaining the price hike, and a conclusion discussing potential implications or solutions. Use quotes from affected parties and include data or statistics to support your report.


Effects of oil price hike in the Philippines?

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