The easternmost state in India, Arunachal Pradesh, has distinct geographic boundaries within the country. Its diaspora differs from that of other states due to the diversity of its cultures and ethnicities.
In contrast to it, Chhattisgarh is a state in Central India that has a vast mineral resource. The state accounts for 15% of the total steel output in the country and is one of the states with surplus power.
But these days, Arunachal Pradesh's skyrocketing fuel prices are becoming comparable to those in other states like Chattisgarh. Let's find out more about why fuel prices have a higher increasing rate in Arunachal Pradesh than in Chattisgarh.
Petrol and diesel are essential commodities obtained from crude oil (petroleum), a valuable resource formed over millions of years. The petrol price in Arunachal Pradesh is variable.
Since the beginning of the month, petrol prices have been steadily rising in Arunachal Pradesh.
Fuel price trends can rise or fall depending on a variety of internal, external, and other factors. Some of these things are within our power to influence, while others are beyond our control.
Interior elements that affect the rise in fuel prices:
Arunachal Pradesh's difficult topography and inaccessible areas drive up transportation costs.
Refineries are harder to reach, which increases travel distances and costs.
The entire expenditure is increased by a lack of storage facilities and pipelines for the delivery of fuel.
Fuel-related state-specific taxes, tariffs, and levies affect the ultimate retail price.
Price variances between Arunachal Pradesh and Chattisgarh may be impacted by differences in tax regimes.
Lack of Fuel Storage Facilities: Increasing Costs
Fuel Prices Are Affected by Road Transport Dependency
Effect of International Crude Oil Prices on Domestic Gasoline Pricing
Fluctuations in seasonal demand: A factor in fuel price volatility
Fuel price variations reflect regional economic disparities
Apart from these factors, there are some short-term events like natural catastrophes, recessions, conflicts, and protests inside Arunachal Pradesh which are a few of the additional causes of an increase in the fuel prices of Arunachal Pradesh over Chattisgarh.
According to a fortnightly schedule, Indian oil marketing corporations typically announce revisions to fuel prices on the first or sixteenth day of each month.
Yet, a dynamic fuel system fluctuates frequently and it is frequently used to fix the retail selling price. Every morning at six in the morning, the general public is informed of the amended prices.
However, the International crude prices fixed by APEC countries deem to be the main reason for the recent price hikes in Arunachal Pradesh. These fluctuations often depend on the relations between the unions and other countries.
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