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In the case of gasoline transactions, the fee should ideally be borne by the petrol pump dealers.
However, because fuel businesses have low-profit margins, the transaction fee is passed on to consumers.
earn advertising recommendation rebate reward plan ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.As a result, the fee added on top of the actual fuel charge is known as the fuel surcharge.
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It is also found in machines such as farm and construction equipment.
Diesel fuel is a hydrocarbon mixture in general.
Known for its efficiency and mileage, it is used to power motor vehicles and equipment with diesel engines or compression-ignition engines.
Diesel prices in India are revised daily, since June 15, 2017.
Earlier, diesel prices used to fluctuate every two weeks.
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Prior to deregulation, the government regulated diesel rates.
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Deregulation allows the government to spend less on subsidies in an attempt to close the price gap between the global and domestic markets.
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