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It affects people because if you own a SUV, and your car runs on 60 gallons, you must pay higher prices per gallon, such as 4.00 dollars per gallon, times 60 equals: $240.
To a certain degree, you can control your own usage and therefore how much more you pay for fuel. What you can't control, and affects individuals the most when the fuel prices increase are the extra cost of transporting everything you buy, and the income for people who depend on fuel as part of their business. The extra cost of transportation eventually gets added to the cost of goods and the added expense affects the profits of the small and independent business person (like that shop that makes the best fresh donuts!).
What else can I help you with?
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.
Explain how a change in price affects the demand for a product substitutes?
The change in price can affect the demand for that product. If the price increases people will look for cheaper substitutes.
What was the price of petrol in Britain in 1958?
in the 1958 britain's petrol had didn't price than now, because many the people of Britain didnt now about petrol and their use...........
If the price of a complementary good increases, how will it affect the demand for the main product?
If the price of a complementary good increases, the demand for the main product will decrease.
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 can interest rate affect bond liquidity?
If interest rate has been increased, the price of the bond falls.... If price of the bond falls, the yield that can be earned increases... So, if interest rate increases, it will lead to increases in yield which forces people in investing in the bond.....And liquidity will be more in bond market... Plz confirm the information.........................
Are petrol stations allowed to change the petrol price to the old price if old petrol is in the petrol tank?
I don't know who asked that question, but he must be f***ed in the brain
Why has petrol increased in price in new zealand?
because the driving age has gone up so there is less people buying petrol. so you have to pay more for it cause there less people paying for it
What was the price of petrol in Australia in 1984?
In 1984 the price per litre of fuel was 50¢.
Can petrol stations charge the new prices if they have old petrol in the tanks?
obviously yes...because petrol like gold is priced at market price and not at the price which existed earlier.
Why price hike in petrol?
because the govt just wants profit. they doesn't bother about their people sufferings
Price of white petrol?
good
