Increase Petrol Price
We're not linked with the world market in case of Crude Oil, but Government makes it show that it's interconnected. If the prices of Crude are with International Standard, the prices will come up when market comes up or vice versa. Our prices come up when the International Prices goes down. This is because there's a jet-lag for what is happening in the economy. For Ex:- If the crude prices had been increased from US$ 90 to US$ 100 per barrel. That time our petrol prices or diesel prices will not come up. But we will be purchasing crude from Iran, Iraq, Saudi Arabia, etc. Crude will be taking almost 1 month to reach the shores and it's being processed. Markets will go up or come down. But we bought at the price of US$ 100/Barrel. But once market goes up, it comes down too fast as people started buying it or started betting on it. When betting takes place, the equilibrium between Demand and Supply mismatches, due to just betting but not buying it in the commodity marke