Question

Deisel and petrol rates are hiked what is the reason

Answer 1

hy here is the answer...

A recent report by Kotak said that in light of the sharp rise in international crude oil prices, Indian oil marketing companies (OMCs) may increase the retail price of diesel and gasoline by Rs 5 to 6 per litre in the following fortnight.

Answer 2

Answer:

hey...

The hike in fuel prices is largely due to rise in the cost of crude oil and high excise duty levied on transportation fuel in the country. Petroleum prices are determined by the cost of crude oil in global markets

I hope it's help uh