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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.
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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.
It also encourages healthy competition among oil companies, which will eventually benefit end users by allowing them to enjoy lower prices and better service delivery.nbl nobility in india Online Income Made Easy: Start Earning Today
