Social Sciences, asked by arya1992yadav, 3 months ago

why is the price of all good in the market rise with rising of petrol and diesel price

Answers

Answered by anushkabhosale11

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.

Explanation:

Answered by AMEERSOHAILDALAWAI1

Explanation:

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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