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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1 Answer(s)

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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