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US West Texas Intermediate (WTI) futures showed an up move by 22 cents or 0.3 per cent and touched $67.42 per barrel.…Petrol, Diesel Price Today 6 December 2024: Check latest update on petrol and diesel prices in Mumbai, Kozhikode, Shimla, New Delhi and Chennai…Petrol, Diesel Price Today 5 December 2024: Check the latest updates on fuel prices in Chennai, Mumbai Bengaluru, Jammu and Indore…The Indian government deregulated petrol and diesel prices in June 2010 and October 2014.
In India, neither the central nor state governments have direct control over fuel prices.
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For example, if the Indian rupee falls against the US dollar, the price of crude oil in India may rise.Petrol prices vary across Indian states due to three critical factors: tax regulations, transportation costs, and political health.
Different states in India have different tax laws.
Petroleum derivatives are taxed differently by the state and central governments.
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investmentnetwork in in India step by step ✌️【Portfolio】✌️Get high returns with just ₹500. Invest today and see your wealth grow!Another critical factor is political stability.
investmentnetwork in in India step by step ✌️【Portfolio】✌️Get high returns with just ₹500. Invest today and see your wealth grow!A shift in rolling government may cause existing tax structures and subsidies to increase or decrease.Petrol is a necessary commodity, primarily for transportation - be it commercial or for personal use.
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