A
The variable international spot price of crude oil traded on commodity exchanges.
B
The regulated price at which subsidised LPG is sold to eligible domestic consumers.
C
The wholesale factory gate price charged by public sector oil refineries.
D
The tax rate levied on commercial transportation of petroleum products.
Correct answer: (b) The regulated price at which subsidised LPG is sold to eligible domestic consumers.
Explanation
Option B is correct because retail selling price refers to the regulated price at which subsidised LPG is sold to eligible domestic consumers. Options A, C, and D are incorrect.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2025 · Q137 · UPPGS
Given below are two statements, one is labelled as Assertion (A) : and the other as Reason (R). Assertion (A): Consumers can bargain below Maximum Retail Price (MRP). Reason (R): MRP is a price a seller must charge from the buyer. -
2020 · Q140 · UPPGS
Which of the following statements is NOT correct for National Pension Scheme for Retail Traders/ Shopkeepers and Self-employed persons?