Price of petrol increased from Rs. 40 per litre to Rs 48 per litre. By what percentage has the price gone up?
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Answered by
3
Step-by-step explanation:
Petrol costs Rs 86.54 a litre in Mumbai and diesel is priced at Rs 78.22.
Answered by
6
Answer:
The rise in price is due to increase in taxation by the centre and the state, to make up for loss of revenue during the lockdown. Excise duty by centre and VAT by state govt escalates prices. The tax collected is used by the central government to balance the fiscal situation.
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