A Study on Reasons and Effects of Hike in Petrol Prices

“NATURE” is something that nurtures your mind body and soul. And Fuels are one of the richest wealth created by the nature for Homo sapiens. But today, especially India the price of these fuels mainly petrol and diesel are moving towards sky. The present research is about what are the main reasons for increase in the fuel prices and study about the areas that are severely affected due to these hikes. India is highly dependent on Iraq followed by Saud Arabia for importing crude oil. The research observes the trend of fuel prices before the Pandemic, during the pandemic and after the pandemic. And also studies the human perception towards invention of electric vehicles and how various sectors like manufacturing, logistics, FMCG etc. are affected due to these hikes. The study uses various statistical tools to observe the trend of fuel prices