why there is a hike in petrol prices?

1 ⤊

why there is a hike in petrol prices?

2006-06-15 21:18:40 · 3 answers · asked by VEERA M 1 in News & Events ➔ Current Events

3 answers

One word FEAR.

2006-06-22 02:44:55 · answer #1 · answered by CottonPatch 7 · 1⤊ 0⤋

it was sure that the prices of petrol have to go up the reason being the ongc was in a loss selling it at rs 50 a litre. and the govt was continuing to bare losses to a certain extent so now finally it has reached the saturation point. infact to be at a no profit no loss state the price of petrol should be rs 70 so yet they are in a loss

2006-06-15 21:24:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Supply and Demand

2006-06-17 21:52:33 · answer #3 · answered by Anonymous · 0⤊ 0⤋