Question
The government of India has a say in the prices of which among the following fuels?
1. Natural Gas
2. Gasoline
3. Diesel
4. Kerosene
Choose the correct option:
1. Natural Gas
2. Gasoline
3. Diesel
4. Kerosene
Choose the correct option:
Answer: Option C
THOUGH THE PRICES OF GASOLINE ARE DEREGULATED, YET IT MEANS THAT THE INCREASES WILL BE MADE BY THE PUBLIC SECTOR OIL MARKETING COMPANIES (OMCS) IN CONSULTATION WITH THE MINISTRY OF PETROLEUM & NATURAL GAS. IT HAS ALSO BEEN DECIDED THAT IN CASE OF A HIGH RISE AND VOLATILITY IN INTERNATIONAL OIL PRICES, GOVERNMENT WILL SUITABLY INTERVENE IN THE PRICING OF PETROL AND DIESEL.
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THOUGH THE PRICES OF GASOLINE ARE DEREGULATED, YET IT MEANS THAT THE INCREASES WILL BE MADE BY THE PUBLIC SECTOR OIL MARKETING COMPANIES (OMCS) IN CONSULTATION WITH THE MINISTRY OF PETROLEUM & NATURAL GAS. IT HAS ALSO BEEN DECIDED THAT IN CASE OF A HIGH RISE AND VOLATILITY IN INTERNATIONAL OIL PRICES, GOVERNMENT WILL SUITABLY INTERVENE IN THE PRICING OF PETROL AND DIESEL.
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