Question

What can be reason for increasing price of fuel?​

Answer 1

Answer:

He said the COVID pandemic is the major reason for the rise of oil prices in the international market. The prices of petrol and diesel will increase again in the coming months, says energy expert Narendra Taneja on Thursday. Speaking to ANI, Taneja said, "It is to understand that we import oil.

Answer 2

HELLO DEAR,

GIVEN:- What can be reason for increasing price of fuel?

ANSWER:-

There are major two reason for increasing the price of fuel in india.

1) Heighly demand of fuel to start the industrial activity after the pandemic situation. it is because every industrial country want to export more product to the other country to produce more income from other country and in other country the product is also required more.

2) Heigh taxes is collected by the government on the fuels to balance their country economic.

The central government had last year increased levies on petrol and dieseal by Rs 13 and Rs 16 respectively.

THANKS.