Which amongst the following now decide the oil-price in India?

  1. Ministry of Finance
  2. Respective State Governments
  3. Ministry of Petroleum
  4. Oil Companies
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    Oil Companies

    Oil Companies decide the oil-price in India. The price of fuel in different countries is affected by:

    • Currency Fluctuations
    • Cost of buying finished product in the country
    • Government excise and tax rates
    • Government subsidies for fuel
    Monis Rasool Professor Answered on 12th May 2015.
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