Question:medium
Due to rise in International prices of Crude Petroleum Oil, Government has authorized the oil marketing companies to fix retail price of
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: Jan 15, 2026
- 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 Indian government deregulated petrol prices (3), enabling Oil Marketing Companies (OMCs) to determine retail prices according to market dynamics. Diesel price deregulation occurred subsequently (October 2014), while LPG/Kerosene prices mostly stayed under government control. Note: Not all product prices were deregulated at the same time.
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