Why India Cannot Control Petrol Prices Easily?🤔
Why India Cannot Control Petrol Prices Easily? As the price of petrol rises in India one thing that always crosses people's minds is: The Government can only simply reduce the petrol price? It may seem like a trivial solution. Petrol is after all a daily item used by millions of people! Students, office workers, delivery personnel, farmers and businesses use fuel. The story is not as easy as it sounds, though. The prices of petrols in India are tied with the international markets, petrol tax, international politics, and even the value of the US dollar. Hence in India petrol prices are not easily controlled. Let's have a simple and easy understanding of petrol price fluctuation today in this article what is really happening. India is the biggest importer of crude oil. It is easy but primarily, because: India is very dependent on crude oil imports. The form of petroleum that occurs in the earth is called crude oil. The form of petroleum that occurs in the earth is called crude oi...