Who do you think controls the prices of gasoline
- Thread starter Stardom22
- Start date
There is price regulatory bodies but it is not all that functional because demand cand supply always override their policies. Oil prices goes up when there is war in oil producing countries that leads to scarcity.
The prices of gasoline are subjected to the international market rates and this is why international market rates change all the time. This has an effect on the local markets as well.
Well explained. It's as per the international market rates but our local government add it's taxes and in our case our Indian government and then state government add taxes.
So the fluctuations in the prices of gasoline also occurs in your country? I thought it only occurs in my country. As I am talking to you now, we cannot move around because cost of transportation is very high.
