Why Petrol Price ₹511/Litre Not Happening? How Everything ‘So NORMAL' in India? #shorts
Episode Title: Why Petrol Price ₹511/Litre Not Happening? How Everything ‘So NORMAL' in India? #shorts Produced by: FactTechz Description: Even during recent international conflicts and wars that affected global oil markets, petrol and diesel prices in India did not change dramatically in the short term. This is mainly because the Indian government and oil companies use several methods to keep prices stable for consumers. First, India imports most of its crude oil but buys it from many different countries. This diversification helps reduce the impact of a sudden disruption in one region. For example, when conflicts affect oil supply in one part of the world, India can increase purchases from other suppliers. Second, the government often manages fuel prices through taxes and policy decisions. A large part of the price of petrol and diesel in India comes from central and state taxes. When global crude oil prices rise sharply, the government can reduce some taxes or adjust pricing ...