Question:

Due to rise in International prices of Crude Petroleum Oil, Government has authorized the oil marketing companies to fix retail price of

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Due to rise in International prices of Crude Petroleum Oil, Government has authorized the oil marketing companies to fix retail price of
Updated On: May 1, 2025
  • all Petroleum products
  • only Diesel
  • only Petrol
  • only Cooking Gas
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The Correct Option is C

Solution and Explanation

In June 2010, the Government of India deregulated the pricing of Petrol (3), allow ing Oil Marketing Companies (OMCs) to set retail prices based on market conditions. Diesel price deregulation happened later (Oct 2014), and LPG/Kerosene largely remained adminis tered. Rejecting Options: Pricing for all products was not deregulated simultaneously at that time.
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