Slogan on Save Fuel for better life
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Fuel shortages keep occurring in the world from time to time. Most countries have to import fuel to meet their needs. The countries which export fuel are the OPEC nations (those in the Middle East) Venezuela, Russia, etc. Apart from shortages, the price of fuels also fluctuates wildly depending on availability. In India and the US, fuel is sold at subsidized rates. They are heavily dependent on OPEC nations for supply. OPEC nations reduce fuel production to shore up their profits whenever supply exceeds demand and prices fall.
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