Why is the rate of petrol suddenly increased in India? What is objective behind it?
Why is the rate of petrol suddenly increased in India? What is objective behind it?
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Two main reasons behind the fuel price rise The international market has reduced fuel production and manufacturing countries are producing less fuel gain more profit. Indians are now paying the highest prices neighbouring countries. #1.high tax burden #2.highest spending Indain government spends aRead more
Two main reasons behind the fuel price rise
The international market has reduced fuel production and manufacturing countries are producing less fuel gain more profit.
Indians are now paying the highest prices neighbouring countries.
#1.high tax burden
#2.highest spending
Indain government spends approximately 5300 rupees of 1 barrel of crude oil due fiscal deficit.
The Indian government take more burden in peoples they hiking of petrol rates.
Because covid 19 loss Indian economy to recover these increase crude oil price.
Petrol not included in gst one of main reason.
Thanks & regards,
Chaitanya sake.
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