Why Fuel Prices Keep Changing Daily — Explained Simply
Fuel Prices Are Not Random
Ever noticed petrol and diesel prices changing almost every day? Here's why.
Reason 1: Global Crude Oil Prices
Oil is a global commodity...
Reason 2: Currency Exchange Rates
If your local currency weakens...
Reason 3: Refinery Costs
Refining crude into usable fuel...
Reason 4: Taxes
Government taxes make up a significant portion...
Conclusion
Fuel prices are dynamic...