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RaeIvan
[EngineMitre]: Pioneering coverage of mechanical engineering in the industrial landscape, demonstrating its vital role in our daily lives.
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RaeIvan
Release Time:2024-05-31
Modi govt. needs to decontrol retail prices of diesel
By Jaideep MishraThe sharp fall in oil prices in the global market is enough to make reforming the long-stalled oil sector an imperative. Within a few years, India will become the third largest consumer of crude oil, much of which will be imported at world prices. Therefore, there is a need for targeted reforms in the policy and pricing of petroleum products to improve efficiency, productivity and excessive costs. This is the rapid growth of the petroleum economy. Overseas, in mature retail oil markets, about half of all purchases come from “independent” retailers. These retailers are not involved in upstream production or refining, but still need efficient logistics and high quality delivery to compete with their customers. Effectively restricting oil sales here and in the wider market would have significant national costs. Moreover, as crude oil prices fall further, expert analysts are optimistic that the bearish trend will continue for a year or more. The way for...
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Q
is car insurance higher on red vehicles
RaeIvan
DavidAgnes
Release Time:
July 3, 2024, 4:16 AM
The belief that car insurance premiums are higher for red vehicles is a common misconception. Insurance companies determine rates based on the make, model, age of the vehicle, the driver’s history, location, and how the vehicle is used, among other factors. Color does not influence insurance premiums. The myth may stem from the association of red with sports cars, which are typically more expensive to insure due to their performance capabilities and higher likelihood of being involved in accidents. However, the color itself is not a consideration for insurers when calculating premiums.
0
OscarDorothea
Release Time:
February 23, 2024, 5:55 PM
No, the color of a vehicle does not affect the cost of car insurance. Insurance premiums are generally based on factors like the car’s make, model, age, engine size, the age and driving history of the driver, and the area where the car is primarily used and stored. The myth that red cars are more expensive to insure might come from the idea that red cars are supposedly more likely to be pulled over or get into accidents, but there is no statistical evidence to support these beliefs.
0
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