How to Deal with High Oil Prices?@ : Home > Group Discussion
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Pradip Ranjan Dey said: (Fri, Feb 3, 2012 02:10:29 AM)
Dear friends. Everyone of you have presented your own view
points in a very nice and efficient manner. I would thank you all
for your enlightening views. I would also like to share my view
points on this quagmire of ever bludgeoning price of oil. It has
come up as a serious problem not only for our country but also for
the global economy as a whole and this is high time we switch over
to other forms of energy resources that are renewable and easily
available. Researches are going on all over the world to find out a
suitable alternative source of energy but still now no encouraging
results have been attained. The only way we can reduce the price of
oil is by reducing the demand for it. It might not sound good but
this is the bitter truth. Petroleum consumption specially in the
growing economies like India and China has grown by many folds
specially because of the affordable prices of vehicles enabling the
so called sanctimonious middle class of our country to have their
own vehicle putting at risk the sustainable future of the
generations to come. At present rates of consumption the petroleum
reserve of the earth will almost get depleted in next 20 years.
What happens after that has come up as a big question. Proper usage
as well as proper understanding rather than having a vague
impression of the problem in hand is very crucial and call of the
day.Rate this: +21 -6 Swati Pathak said: (Wed, Feb 1, 2012 10:37:27
AM)
For owing more than 1 vehicle by a family (esp. Run on diesel or
petrol) , fuel allowance should be fixed i.e. maximum amount of
fuel they can use on subsidised rate, over and above that there
should be 50% more charges added to fuel cost. Diesel vehicles
should not be allowed for personal purposes, let them be for public
transport only. In villages where kerosene is one of major fuels
used for lighting and other purposes, a mission similar to that of
Mr Handa, using husk power or other waste based power should be
provided and low power consuming LED lights should be provided.
These LEDs cost more so corporate houses may come forward to share
their responsibility here and provide these for free initially. I
did not quote CFLs as they are not a permanent solution, their
consumption of power is more than LEDs and to add to all they have
mercury in it, so if broken would cause environmental hazard.Rate
this: +21 -6 Sushant Tyagi said: (Tue, Jan 31, 2012 06:30:33
PM)
We can control the higher prices of increasing fuel by applying
following points in day-to-day life and using some rules:. 1. We
use the renewable sources of energy like wind, electricity, solar
energy etc. 2. For driving the trains we should use the fuel in
rare conditions. The government should take initiatives to
establish new power line in those areas where the trains are
driving by diesel or coal. It will utilize the cost and amount of
fuel. 3. In starting it will be costly but it will help in the
future. 4. The VIP persons that are using the 4 wheelers for a
short of distance. They should not misuse the fuel. 5. In elections
there is a huge croud of motorcars. They should be in limitation
not in excessive amount. 6. The government should charge the more
and more tax from those persons who are having more than 4 or 5
2-or4-wheelers. 7. Subsidies should be applied on the rate of
petrol, diesel, carosiene etc. We ae the one that are increasing
the rate of petrol and crude oil, we should use our vehicles where
it's really need. Don't waste the here and there.Rate this: +23 -6
Ani said: (Tue, Jan 31, 2012 08:25:53 AM)
We can control oil prices by;-. 1. 2. 3. 4. of Decreasing
demand, use of petroleum efficient and bio fuels vehicles. Use of
renewable sources of energy like wind, solar, tidal etc. Have a
control on black marketing by oil mafias. Government should pay
more attention towards Research and Development for alternatives
petroleum products.
If we can bring down the demand we can certainly bring down the
prices. We have to start by over selves by using eco friendly means
of transport like use of bicycles for short run, use of public
transport.Rate this: +23 -3 Koushik said: (Mon, Jan 30, 2012
11:55:15 PM)
We all are raised points are correct according to some
situations. But we must also considered about our responsibilities
to save our natural resources. The problem is not only because of
the govt irresponsibility, it is part of ourselves by utilizing
maximum resources whether it is useful or not. Now a days the
prices of vehicles are became very less even middle men can also
buy the car due to these decreased prices of vehicles there is
increase in prices of oil. People are using vehicles even it is
walk-able distance also, it will also leads to global warming. Many
people are they didn't stop there engines even in traffics, in some
situations like while they are
talking in phones when vehicle is parked at a side of road. So,
we use minimum resources for maximum benefit is better way to save
our natural resources and also to protect our global environment.
Use a oil in an efficient & effective manner i.e., DO RIGHT
THINGS IN RIGHT MANNER.Rate this: +13 -1 Gaurav said: (Mon, Jan 30,
2012 06:59:16 AM)
Friends we all are here to discuss on increasing prices of
petrol and diesel but not on use of petroleum because its limited.
Its replinishing its a reason to use it in more better way but for
increasing prices various factors are responsible like: 1. Various
taxes leived by the international market. 2. Monopoly made by many
petroleum suppling countries. 3. Reducing the subsidies on
petroleum. and many more other reasons.But for a country who is
purchasing petroleum taxes and subsidies play a vital role in
deciding oil prices. In my point of view the central governmemnt
should not reduce subsidies on oil but increase taxes on those
goods which are complimentary for petrol or diesel as if the diesel
prices are increased it will also effect prices of other necessity
goods as diesel is mainly used by vehicles which are used for
transporting goods.Rate this: +9 -0 Pankaj Agrawal said: (Sun, Jan
29, 2012 08:35:30 PM)
Hi friends hike in oil prices is one of the emerging problem for
our country.mainly the middle class people are sufferer. India is
mostly dependent on OPEC to import the crude oil. Not only in india
but in whole world demand for oil is increasing rapidly that is why
OPEC nation are not able to produce sufficient oil to fulfill the
need of world and finally prices are increasing.But we can overcome
this problem by using measures like1) using alternate sources like
biofuel and other renewable energy sources. 2) By using electricity
in place of diseal for trains, although initial cost may be very
high but it will be effective for long term. 3) By improving
transport facilities so that majority of people use govt buses or
trains in place of personal vehicle. 4) By creating awerness
programme to support less use of petrol & diseal.Rate this: +28
-1 Prasanth said: (Sun, Jan 29, 2012 04:29:55 PM)
Good evening my friends. Now I talk in about how to deal wit
high oil prices. First of all the people should know the real value
of resources. I say we all very know the use of resources wisely.
The other contoury oil price is less compare the our contoury. The
bangalash oil price 26rs. That only reson oru country oil price is
high. Problem can be sloved for use this points. People should use
the cycle or foot for work under the distance for 1km. Government
should have to implement heavy tax for two wheeler. Goverment
should have to insure all the train by current. People should not
use to heavy two wheeler likes built and pulsar compose lots of oil
compare the other two wheelers. People put off their bikes in the
signal times.Rate this: +2 -8 Anjali said: (Sun, Jan 29, 2012
02:03:53 AM)
Hello friends, very nice points given by you all. I would like
to add one more which we all forget. To reduce the use of oil, we
need alternative source of energy. And I think nuclear energy is
best source for this. We can get high amount of energy through
nuclear source which is environment friendly and cost of oil will
be reduced. I think our government has to focus on nuclear energy
production. It will definately help.Rate this: +16 -4 Manish Gundev
said: (Sat, Jan 28, 2012 10:41:35 PM)
I am agree with the point that both public and government sector
are responsible for the hike in price of the oil there mostly
public sector working most of its work on diesel. For an example
70% of mobile towers are driven by diesel motors and apartments in
urban areas where electricity provided by diesel generators in
place of power cuts. So we have find solution for such small things
which giving big effect on oil prices and we have control our needs
which are increasing day by day. We are in that stage where we have
to find alternate option which replace oil like wind energy, solar
energy and some calculative policies by the government otherwise
oil prices will be rising in huge amount.Rate this: +8 -1 Ammu
said: (Sat, Jan 28, 2012 03:37:31 PM)
I appreciate all of views over here. But I would like throw some
light on some facts and figures, like:. 1. Not only central
government but also different state govt. In India levy taxes on
petroleum products, Karnataka where the oil prices are maximum in
country followed by Punjab, Maharashtra. Again some cities in these
states are having high charges than there suburbs. Reduction in
Octroi duties like what Punjab govt. Did in dec. By some 70 paisa
will help to reduce the oil charges. 2. Considering the main
problem of hike in oil prices, there are 2 main reasons I think,
that are, 1. Consumption of oil all over the world got increase so
that the total supply of the oil to overall world is not
sufficient, And the prediction is with the current usage ratio of
oil, we are going to run out of all oil from world in coming few
years. 2. Speculation in the oil market is the another reason, Oil
is the most volatile COMMODITY in commodity market on which the
prices of other commodities like gold are depended, so we can
observe that when festival season like Diwali, Dusshera will be
there gold prices will go up and oil prices in the market will come
down little bit. 3. Precautionary measurement that most of above
are talking about use of public transport instead of private got
some drawbacks like poor infra structure, lack of management and
coordination between each and every department in govt. Concerns,
huge population (which is almost impossible to provide that much
supply for the demand of public transportation because of so many
reasons lets not deviate from the topic here).
4. Alternatives we can look for this problem are:. 1. Use of Bio
fuel (which got the drawback of environment, fertility of land,
high pollution etc. ). 2. Use of Solar power (which have drawback
of High installation cost, space concerns). 3. Replacement of all
RAILWAY diesel engine with the electric carrier engine for long
run, which will save tremendous amount of oil, but again have
drawback of high replacement cost. 4. Reduction in state octroi
charges, but this have a drawback of LOSS in revenue to the state
govt. Like Punjab is suffering from loss of almost 100 Cr. Because
of reduction in octroi by just 70 paisa. 5. Lastly I just want to
say that, govt. As ultimate authority have to develop a policy
which will act as golden string by considering all pros and cons,
so that govt. As well as citizens will also get benefited.Rate
this: +22 -1 Saroj said: (Fri, Jan 27, 2012 10:16:16 PM)
As many of our group member has suggested that govt should
impose heavy tax on vehicles. I completely disagree with this
solution this action will not decrease the problem instead will
increase the problem. As we know and well aware that people
transportation in India in any city other than metro is very poor.
If govt will increase tax that will definitely create blunders in
life of common people. I think the best solution would be to
increase the use of resources of renewable source of energy. Like
bio diesel. I feel my proud while saying this that our Indian
engineers had made technology by which engines can be run on bio
diesel that can be prepared by plants which can be planted in
barren land also. So no loss of land but yes utilization of waste
land. Govt should promote this initiative and make optimum
utiliazation of this technology. And secondly thry should provide
public transport more comfortable as in the case metro. If people
will find a better transport without investing much (i.e. Buying
their own vehicles) they definitely go for public transpoort. In
this manner if one bus can hold 5o passenger thats means 50 people
are moving at the same rate and fuel consumption as one person will
travel same distance at the same cost. This wiil reduse the use of
oil and hence demand will decrease and so the prices.Rate this: +9
-2 Anurag said: (Thu, Jan 26, 2012 09:53:08 PM)
I think that the main cause of high price of petrol is
population. Due to high population their is high consumption of
oil, which leads to high price of crude oil. So population is the
main cause of this. And according to my view government must impose
high taxes on the company which are not making the fuel efficient
cars/bikes. Government must imposes high taxes on the person who
have more than one vehicle.Rate this: +9 -3 Vemulamounika said:
(Wed, Jan 25, 2012 05:31:46 PM)
Hi Friends I think that government is changing the prices of oil
for every day whatever it is in pakisthan fuel rate is 45 rs and in
all the other countries the other countries also there is very less
price as compared to our price but whenever the price is going on
rating like this some people use to walk instead of drive its the
main advantage of this topic.
Rate this: +6 -11 Nilesh said: (Wed, Jan 25, 2012 12:02:06
PM)
Hello Friends, I agree with your points. But, Problem can solved
by using. 1. People should use Public Transportation instead of
using private vehicle. 2. Purchase Fuel Efficient Vehicle. 3.
Government should provide relief on the taxes. 4. Use Nonrenewable
Sources of energy (Solar Energy). 5. Govt. Should made rules-Like
person having more than 2&4 wheeler heavy taxes should be
imposed or vehicles should be undertaken if consuming more fuel. 6.
Govt. Should impose heavy taxes on Automobile industry -if the are
not delivering the fuel efficient product. This problem can be
solved only when both public & government should take
initiative.Rate this: +49 -5 Ajinkya said: (Wed, Jan 25, 2012
12:01:36 PM)
Oil/petrol is one of the most wanted commodity not only in india
but in the world and we are one among the highest consumers of oils
..oil as we know is a naturally occuring luquid which is found
beneathe the earth surace and unfortunately we have very few oil
reserves...so mostly we import it ie we buy it in $ ...and since
the rupee is at the all time low to dollar ...the oil prices seems
to be more higher... If we can increase our economy by getting more
bizness to india/reducing corruption/encouraging FDI and thereby
strengthing the economy our rupee value will be higher against
dollar and hence we will have to pay less amount to buy oil thats
possibly one way to deal it...but for long term the best possible
way is to reduce the population and this can only be achieved by
increasing the literacy rate so that ppl can learn abt family
planning and cons of having a large family... If we can reduce the
population then LESS POPULATION=LESS VEHICLES=LESS USAGE OF
OIL=LESS IMPORT=LESS OIL PRICES=HAPPY INDIARate this: +36 -3 Monika
said: (Wed, Jan 25, 2012 10:28:23 AM)
Hello everyone. Joining to all the above I would like to say
that I don't feel government is doing any crime by increasing the
fuel price but I feel its a positive sign of decreasing the
consumption rate, as the price increases people should avoid using
their personal vehicles for short distance but this is not
sufficient from govt side like metro trains as this can cover a
long distance in a short while such kind of things should be
increased which attracts the public. And also govt should impose
heavy taxes on sports bike and other vehicle which are not fuel
efficient, as if this are only for show of.
And also being the citizen of India it is our duty to control
the consumption of fuel so we to do certain activity such as. 1. We
should use common transportation system. 2. For short distance
don't use vehicles. 3. Don't waste energy useless.Rate this: +18 -3
Aksh said: (Tue, Jan 24, 2012 10:39:11 AM)
Hello Everyone..I am not fully agreed with the point that govt
should implement heavy taxes over vehicles which runs through
petrol/ diesel..this is not the solution as it will again impact
our growth rate..Gove should implement policy that only family
having more than 2 vehicles ( condition on no of family members)
have to pay heavy taxes over extra vehicles. As it will lead them
to control usage of vehicles.Rate this: +4 -6 Joy said: (Sun, Jan
22, 2012 09:08:27 PM)
We should have reforms in our public transport system so that,
it is comfortable and usable by the middle and the upper class
people who are actually capable of buying cars. This would
discourage them to unnecessarily expend in buying cars. The
political parties should direct their followers and supporters to
limit their usage of vehicles and probably, make it a point to
cancel memberships of those who have more than 2 vehicles. We
should invest more in r&d in oil exploration within India, so
that we don't have to import oil. We should also give incentives to
automobile companies by, maybe onetime tax holiday, who are
investing more on fuel efficient technologies.Rate this: +10 -2 Joy
said: (Sun, Jan 22, 2012 08:49:03 PM)
We should also act as responsible citizens by, limiting our use
of petrol and diesel vehicles. Like for example, 3to 4 colleagues
who stay nearby each other make a group and travel to their office
together in one of their cars. This would potentially decrease the
use of petrol to 1/4th of what would have used earlier. Our
government also has a part to play here, as because the prices of
petrol and diesel are subsidized by the government, people tend to
more waste oil, because they don't have to pay for the amount they
are actually using. But, if the prices are totally decontrolled and
decided by the market then people would automatically control
themselves because they have to bear the total amount which they
are using. Another, in our country there is huge import taxes,
double taxing the central and state government on oil which
essentially doubles the price of oil. The govt. Should decrease the
huge import taxes, overlapping taxes so that the prices can
decrease by almost 30 to 40 %.
Rate this: +5 -1 Joy said: (Sun, Jan 22, 2012 08:32:26 PM)
First of all, we need to understand that petrol and diesel are
very useful natural resources that are being depleted fast due to
their indiscriminate usage. In this case the price of oil is
increasing because there is a huge demand and very limited supply.
So, to decrease its price we have to check the demand for oil by,
increasing the usage of alternative energy sources like nuclear,
solar etc. And, to stop the wasteful usage of oil, first of all we
have to increase awareness among people, because without the
general public being aware nothing fruitful can be achieved.
Secondly, there should be increase in taxes in the manufacture of
petrol and diesel cars whereas imposing very low taxes in cng and
electric vehicles so as to give incentive to the use of these type
of cars. Most of the time there are not adequate cng pumps etc. So,
we have to increase the infrastructure delivering these kind of
energy sources.Rate this: +7 -2 Anil Sharma said: (Sun, Jan 22,
2012 02:15:58 PM)
Hello! Everybody, the consumption of oil is increasing strength
to strength, it is also dangerous for environment, meanwhile Price
of petrol gonna hick day by day, it's very important to control the
rates of petrol for future and people have to save the oil. Here
are some points that are helpful to deals over high oil prices:-.
1. We should use cycle or go by foot for work under the distance of
1 km. 2. Government should have to implement the heavy tax on
vehicle, which runs with petrol or diesel. 3. Government should
have to take strict action against family, which having more then 2
vehicles. 4. Railways department have to insure that having all the
train runs by electricity. 5. People should not use the heavy two
wheeler vehicles like built and Pulsar bikes etc, which consume
lots of oil as compare to other two wheeler vehicles. 6. Most
important thing is to discus that provides awareness in villages
and towns, in which farmer have been using lots of oil for playing
water motors in field. They have to use only electricity power to
play the water motors in field.Rate this: +9 -6 Mayur Sharma said:
(Sat, Jan 21, 2012 05:55:57 PM)
Helo friends a strong appriciation to all the viewers for their
strong comments but from my point of view first of all we the
peoples must have to know the real value of resources I mean to say
that using the resouces wisely, so that we don't need to face the
shortage of all. As not a single resouce is avialable unlimited in
this world. We can't directly blame to the government but govt
should atleast reduce the various extra levied taxes from the fuels
instead of making their statues and doing rallies in the states for
just their seats. If they try to adjust the fund in this sectors
then it will definatly work more for
reducing the high prices of oil.Rate this: +14 -2 Nitesh Agarwal
said: (Fri, Jan 20, 2012 04:50:06 PM)
Hello friends ! I appreciate all the views, i'd like to add some
point to it. Govt is reponsible to some extents, govt. Fail to
encourage alernative resources like solar energy, electric energy
If govt send more and more on the crude oil, their expenditure
would increase result would be rigorus. So govt should paid
attention toward alernative resouces, and make research center for
creating and improving renewable source of energy. In coming day,
there would be hike in crude oil definitely.Rate this: +7 -0
Shruthi Gopinath said: (Thu, Jan 19, 2012 08:06:46 PM)
Hello Friends!!! I appreciate your comments.. Frnz remember one
thing that majority of IT and Industries are dependent on OIL as a
major fuel for running the generators, Machines, subsidiary fuel in
combustion process etc.. Due to limited amount of Fuel resource we
have to buy from other countries.. The Import taxes are too high...
Other resources are yet to become feasible in the real time usage..
The best way to crack the problem is "Stop using vehicles to travel
just few KMs".. Many of us use vehicles just to go to near by
grocery shop.. Do you agree???? And rest of the remedies are as
coated by frnz.....Rate this: +11 -1 Pradeep Singh said: (Thu, Jan
19, 2012 12:02:37 AM)
Points given here by the other respective members are true and
wholly accceptable,but one point is also to be noticed here that
first of all at world trade level the monopoly of crude oil
producing countries should be reduced and all the disputes related
to this should be solved and all the countries should try to make
more and more coordination between them for proper and adequate
exchange of international products.Rate this: +5 -5 Namrata Pandit
said: (Wed, Jan 18, 2012 08:55:22 AM)
Hello Friends, I agree with your points.But, Problem can solved
by using 1.People should use Public Transportation instead of using
private vehicle. 2.Purchase Fuel Efficient Vehicle. 3.Government
should provide relief on the taxes. 4.Use Nonrenewable Sources of
energy(Solar Energy). 5.Govt.should made rules-Like person having
more than 2&4 wheeler heavy taxes should be imposed or vehicles
should be undertaken if consuming more fuel. 6.Govt.should impose
heavy taxes on Automobile industry -if the are not delivering the
fuel efficient product. This problem can be solved only when both
public & govt. should take initiativeRate this: +43 -5 Devesh
Jain said: (Wed, Jan 18, 2012 06:23:13 AM)
Hii everyone
Now a days, high oil price is exacerbating the economic
situation of India. It has to be taken care of very carefully. It
can be done in following ways. (1)We have to purchase, most of the
oil from outside and then many types of taxes on it increase its
price. Therefore, we have to distinguish different oil stations
here as well as establish a R & D department for it (2)Govt.
has to provide subsidies (without any interruption) on it (3)It has
been noticed that when any calamity takes place, then we find no
option to overcome it. Like Burning of oil tanks in Jaipur.
Therefore, we have to be aware of it in advance. (4)Like developed
countries, we have to make some extra storage for oil that will be
useful in rate fluctuation time These are the few methods to handle
or to deal with HIGH OIL PRICERate this: +20 -2 Amit said: (Tue,
Jan 17, 2012 08:45:34 PM)
Hello friends. First of all I want to say that our government
should reduce the tax from the oil price, in Bangladesh the oil
price is 45rs. & in Afghanistan it is 26 only. The difference
of prices between our country the only reason is tax of the petrol
price. We Indians should reduces buying cars & bikes. We should
use the bike like yo bike which is run by the charge of battery
& the cars which is run by lpg gas. Now many lpg cars are
available in India.Rate this: +13 -2 Mthu Mazumdar said: (Tue, Jan
17, 2012 01:39:30 PM)
I agree with the view from our fellow mates but I would like to
put some light on the context that today oil is the main resource
of a country and the price rice in oil indicates that we are
legging behind in terms of inflation. Inflation puts the common man
to think many times before buying something. It indicates that our
resource is depliting day by day and we are dependin on other
countries. It is an alarming sign that we should think about our
nature. We should minimise the use of non renewable source of
energy and should start think about other alternatives.Rate this:
+3 -3 Ankit said: (Tue, Jan 17, 2012 01:01:05 AM)
The rising oil prices is the indication of how fast this natural
resource is depleting.Since it is a natural resource so only nature
can replenish it.And the rate of replenishment is far far less than
than the rate of increasing demand of this growing population.So
its impossible to decrease the oil prices.Say,if by some means
govt. will be able to control this price rise.Then this control
will be for very short time as the availability of the oil keeps on
decreasing.So its better to switch onto another source of energy
quickly for a better future.Rate this: +23 -0 Pankaj said: (Mon,
Jan 16, 2012 04:32:19 PM)
After going through all the above points i would like to say
that first we need to focus on the
areas in which the there is more of oil consumption. 1.
Telecommunication sector- consuming about 25% of oil 2. Railway-
consuming about 25% of oil 3. in industries like Coal india to
drive big trucks and cranes and in many other industrial sector25%
4. public transport- 12% 5. private transport- 15% If we closely
look at the various sections in which the oil is being used then
the following solutions can be suggested: 1. Find alternative for
tower generators as there a lot of oil is being used. 2. switching
to electric engines slowly and try to find out solution for quick
start and stop of engines as there is wasted a huge quantity of oil
even when the rail is not moving 3. closely monitoring the use of
oil in big machinery and replacing the old & outdated machines
as they consume more of oil. 4. use of public transport more and
find out alternative of oil for running them. 5. making the govt.
run transportation syatem better so that more of public starts
travelling in them, this will also reduce the traffic problem so
oil wastage at traffic signals can be controlled 6. govt. should
take that onle those vehicles should be run who are in good fuel
efficient condition. 7. And last but most important a positive and
honest approach by the Government towards finding a solution to
this and doing their job properly.Rate this: +43 -1 Andy said:
(Sun, Jan 15, 2012 11:42:20 PM)
Good evening everyone. Petrol prices are increasing instantly in
India and people are not aware of that. What ever the cost the
people are ready to afford it. To reduce the total no. Of vehicles
in India the goverment has to do two things. 1. The countries like
NZ have a set of exams to get their both 2&4 wheelers so people
will not be able to get their license easier. But if we look India
only one month of training and people will get their licence.
Indian goverment must take a strict action on getting license. 2.
The bank loan for buying cars should be cancelled, this is the
reason for lot of vehicles on road. If these two happens in future
no. Of vehicles can be reduced.Rate this: +11 -25 Rakshit Sharma
said: (Sun, Jan 15, 2012 09:11:33 PM)
With Shining India emerging as a developing leader, it has to
meet its energy requirements for its development needs. Its
unfortunate that we are importing around 75% of our fuel
requirements from abroad and this has made it vulnerable to
international price fluctuations. I propose that India can handle
the High oil prices with some corrective measures : 1. Like US it
needs to build an inventory to store the crude so that in times of
high fluctuations, it has its own inhouse storage to cater to the
needs. So capacity building should be devloped.
2.Providing subsidies is more of a political decision than
economic and is therefore bound to be driven by our country's
politics. We should in fact provide amber room subsidies to provide
support system for other sources of energy. 3. Reducing cess taxes
and other intra state taxes will surely help in benefitting the
OMC's and other upstream companies. 4. We should reduce our
dependence on international markets by developing R&D for
E&P operations, considering we still have only 2 major oil
& gas fields in our country. 5. Switching over to other
renewable energies is the need of the hour, & govt can provide
incentives for technology development & innovations in this
field for eg. the Jawahar Lal Nehru SOlar Mission. 6.In calculating
the oil prices, the contribution of Import parity price is still
high. It should be a balanced contribution of Import & Export
parity price in APM.Rate this: +12 -2 Ganesh said: (Sun, Jan 15,
2012 03:27:56 PM)
How to deal with high oil prices is very good topic for
discussion. Firstly we have to understand what are reason for
increase in oil prices &these are. 1. Before some days govt
make the libral policy for the oil prices i.e. according to
international market the price fluctuation can be done. 2. Much
more use of personal vehicle. 3. Various political interference. 4.
Increase the demand of petrol because increase the per capita
income of people. These are the different reason. But we have to
identify the economical measures to maintain or to reduce the oil
prices & these are. 1. Use of public transport vehicle. 2. When
you have to go for long root then & then only use the your
private vehicle. 3. Indentify and use the alternative source for
oil like electric/solar vehicles. 4. Make awareness in the mind of
people about petrol consumption.Rate this: +4 -1 Jatin said: (Sat,
Jan 14, 2012 01:41:40 PM)
These are the points which come to my mind when I hear about the
issue of oil prices:
1) Government is continuously increasing the cost of petrol and
saying that it is the oil companies which decide the rates of
petrol but many oil companies refute the explanation. So, its just
another way of the government to run away from a problem to which
they dont have any solution. 2) The prices of petrol are increasing
even though the international prices of oil are not increasing at
the same rate. The present oil prices have reduced to $98.7 per
barrel which turns out to be roughly Rs 42/litre in the
international market. And we get it for more than Rs.65/litre.So
once again it is not the international trends which are being
followed here. 3) Many countries like Singapore, China have imposed
heavy taxes if one wants to buy more than one vehicle. I think it
is a good solution to control the no. of vehicles on the road.
Also, reducing the duties on oil is the best way to wear out the
burden on common man. Combining the above 2 solutions will lead to
reduction of prices as well as keep the revenues generating for the
government.Rate this: +7 -6 Kaustubh said: (Fri, Jan 13, 2012
10:10:48 AM)
I appreciate all of views over here. But I would like throw some
light on some facts and figures, like:. 1. Not only central
government but also different state govt. In India levy taxes on
petroleum products, Karnataka where the oil prices are maximum in
country followed by Punjab, Maharashtra. Again some cities in these
states are having high charges than there suburbs. Reduction in
Octroi duties like what Punjab govt. Did in dec. By some 70 paisa
will help to reduce the oil charges. 2. Considering the main
problem of hike in oil prices, there are 2 main reasons I think,
that are, 1. Consumption of oil all over the world got increase so
that the total supply of the oil to overall world is not
sufficient, And the prediction is with the current usage ratio of
oil, we are going to run out of all oil from world in coming few
years. 2. Speculation in the oil market is the another reason, Oil
is the most volatile COMMODITY in commodity market on which the
prices of other commodities like gold are depended, so we can
observe that when festival season like Diwali, Dusshera will be
there gold prices will go up and oil prices in the market will come
down little bit. 3. Precautionary measurement that most of above
are talking about use of public transport instead of private got
some drawbacks like poor infra structure, lack of management and
coordination between each and every department in govt. Concerns,
huge population (which is almost impossible to provide that much
supply for the demand of public transportation because of so many
reasons lets not deviate from the topic here). 4. Alternatives we
can look for this problem are:. 1. Use of Bio fuel (which got the
drawback of environment, fertility of land, high pollution etc.
).
2. Use of Solar power (which have drawback of High installation
cost, space concerns). 3. Replacement of all RAILWAY diesel engine
with the electric carrier engine for long run, which will save
tremendous amount of oil, but again have drawback of high
replacement cost. 4. Reduction in state octroi charges, but this
have a drawback of LOSS in revenue to the state govt. Like Punjab
is suffering from loss of almost 100 Cr. Because of reduction in
octroi by just 70 paisa. 5. Lastly I just want to say that, govt.
As ultimate authority have to develop a policy which will act as
golden string by considering all pros and cons, so that govt. As
well as citizens will also get benefited.Rate this: +22 -3 James
said: (Fri, Jan 13, 2012 01:42:02 AM)
1) Use of "Yo bikes" that came in the markets 3-4 years back as
we cannot negotiate with our daily work. 2)A long time back their
was a news that said that a person has invented a fuel which was
made out of leaves which contributed nothing to the pollution.
Plans can be made to use that leaves for mass consumption since it
is eco-friendly. 3)Conservation of energy resources and use of
alternatives. 4)Strict guidelines by govt. not to keep more than 2
vehicles in a middle class family and 3 in case of upper class
family. 5)Less use of vehicles for leisure purpose than Important
work. i.e officeRate this: +5 -1 Avishek Sengupta said: (Thu, Jan
12, 2012 10:59:12 AM)
I respect all of your views. I think that oil price increase
beacause of hike in price in internatinoal market. As except mumbai
high and few other place in India there is not much resource of
petrolium in india, We have to brought oil from middle east
countries like irak, iran, araab. And the price depends on them and
international issues. So there is only two path to decrease the
price I thnk-. 1. By decreasing the consumption of fuel. Using
public vehicle, or cycle for short distances, turning of car in
traffic. 2. The other way is giving subsidy. Though subsidy doesnt
increase economic power, But decrasing tax on petrolium products
can solve the problem. I am giving another solution--we know the
today petrolium price is around 70 rs. And around 35 is tax but
sess tax, state tax, national tax etc. If govt decrase tax from
this. Then they don't hav to subside the money also. This will
nullify the effect and decrase the price. For example is govt get
70000 cr from diesel every year. And subsidize 500000 cr for petrol
products. If they decrease the tax to 20000cr. Then the price of
petrol will decrease and their will be no need to subsidize too. Do
you support me?Rate this: +16 -2
Kubbe said: (Wed, Jan 11, 2012 08:36:45 PM)
I think there are few steps that we have to follow to deal with
high oil prices are 1. We have to depend upon the public transport
instead of our own vehicles. Government should have to provide
better transport facility, infrastructure of the buses, trains,
etc. 2. People who work in same organization must have to give lift
to others persons of their organization instead of going single in
their vehicle. In this way they will earn some money, and increase
their friends. They will not fell loneliness. 3. We have to use
cng, electric and solar energy to run our vehicles. We have to
install solar panel on our houses, although initial investment is
high, but they have life time validity. 4. We have to construct
green building. 5. We have to depend upon nuclear energy.Rate this:
+7 -6 Bhumika Sharma said: (Tue, Jan 10, 2012 12:13:20 PM)
Hi all. According to me its not the govt only who shoud be
blamed but also the citizens cuz they are not using their personal
vehicals in the right manner. They need to understand that luxury
dosent come by having own vehicals but by having a positive
attitude towards environment as it will give inner pleasure by
which we will feel as if we are having all the luxuries therefore
we should concentrate on saving our environment by using
ecofriendly things.Rate this: +24 -10 Alpesh said: (Mon, Jan 9,
2012 08:08:12 PM)
For the increase of price of petrol there are many reason. First
is the political. Due to the political party, there are different
price in different state of country. There are also available many
reason for increase price of oil. One can consider about the
uncertain use of petroleum oil, For example any reach or middle
class person who use their own vehicle for only exited but they
will have to do their exited only one day in one weak instead of
everyday then oil will be saved. Another issue is that government
will have to increase the number of vehicle running on the same
root, because currently there are less number of vehicle running on
the root so that public are think about to go in own vehicle to
save the time and and find proper seating arrangement. Last one is
each person of the world not only one region, would have to think
about the future.Rate this: +6 -4 Banu said: (Mon, Jan 9, 2012
07:54:28 PM)
Ya, I agreed above point, only solution for reducing pollution
that to use vehicle when this needed. The young people use vehicle
unwanted period. This will cause for increasing pollution and
wastage of fuel. All are responsible for every reaction in the
world. Nobody not to escape from this so to use public transport
how much its possible.Rate this: +2 -6 Bhargav said: (Sun, Jan 8,
2012 09:54:56 PM)
I put forward your views friends and I would like add some
points to your views, we are having high oil prices since we are
depending much on oil for many purposes, I think we have to reduce
our dependency on oil by using alternatives. More young engineers
must work dedicatively by taking it as a challenge for exploring
alternatvies which are economic, less polluting, easily available
and government should encourage such projects by giving financial
and moral support. According to my view it more difficult to
control the nuclear families who are buying 3 vehicles per family
than to explore alternatives. Using public vehicles is a very good
idea but oil is nonrenewable and is consumpted at a faster rate. So
one fine day we have to think about alternatives.Rate this: +28 -3
Lohitha said: (Sat, Jan 7, 2012 11:43:40 PM)
According to my view just blaming the government is not correct
because it is not responsible for the hiking prices of oil. We are
importing it from other countries as we have no sufficient amout of
oil in our country and another main reason is among 10 people 8 are
using the vehicles which runs on petrol this leads to the
deficiency of petrol in the country and making its price more. So
the people must use the public transportation services rather than
the private vehicles.Rate this: +18 -12 Ritika said: (Fri, Jan 6,
2012 10:58:24 PM)
Hey friends I agree with your points that the solution of this
problem only through avoiding the greater use of motor vehicles for
near distances. Less use of motor vehicle also reduces the
expenditure of the human being which he use in oil and deisel for
their vehicle. The best way to use cycle because it is good
exercise for human being and it also reduces the expenditure. Less
use of vehicle also contributes in global and environment warmingn
it saves our money as well. We also inspire others by using cycle
fr nearer distances. This can be possible through YOU, I, WE
supports.Rate this: +28 -9 Deeksha Verma said: (Fri, Jan 6, 2012
12:43:52 PM)
Hello friends, am agree with ma some friends that in each family
even in nuclear family have minimum 2, 3 vehicles and every one use
own vehicles individually if we understand our responsibility and
if possible use 1 vehicles in each family this help us to consume
more fuel and we are notice not notice we all are do this that when
traffic stop we are not stop our vehicles I known traffic stop for
only 2 to 5 minutes but consume fuel point of views its a lot
wastage of fuel if we all are do this we consume a lot fuel and
last but not least for short distance as much as possible we try to
go by walk or by cycle seriously if we all are supporting together
we preserve a fuel for future generation.Rate this: +9 -13
Ravinderreddyk said: (Thu, Jan 5, 2012 10:16:15 PM)
Hi friends, Thanks for your opinion on "How to Deal with High
Oil Prices". I have so many solutions 1>- we use cycle for short
distance.Due to can save fuel and we can get energy. 2>-We don't
blame government because currently govt focused on public transport
with limited charges.we use traveling for buses,trains and private
vehicle(based on situation). Currently we are importing fuel from
other countries.Because now a days increase the population.
3>-Now a days middle class family(Luxury Life for) also
maintain cars,bikes....... we are coping every thing from foreign
culture.we don't make it.Other countries should follow our culture.
4>-If we use fuel vehicle pollution also increase.we should face
so many problems. So if we want deal high oil prices we must use
public vehicle and we don't use private vehicles.we must give most
preference to public vehicles.Urgent situation time we should use
private vehicles.Rate this: +10 -6 Devashis said: (Thu, Jan 5, 2012
08:02:56 PM)
Well I can think of only one solution, the country should find
an alternate to oil, if would be wrong to accuse the government as
we have 80%of our oil imports from abroad, R&D should be funded
on electric vehicles. So that we will avail green technology and
shun dependence on oil rich countries. Saving more dollars and thus
having a steady rupee value against dollar.Rate this: +23 -3 Avijit
Mondal said: (Thu, Jan 5, 2012 12:44:13 AM)
Hi friends, i respect all of your point of view. oil price are
increasing rappidly day by day we all are saying that but we can't
find the solution . every time we the people blame each other and
govt. also in any matter. it's the time to know our responsibility
use of fuel and to think how to solve this serious problem not to
blame each other. General people can do --> Proper maintanance
of vehicle so that it consume les fuel. Use of cycle for short
distance. Reduce the unnecessary use of private vehicles. Govt. can
do --> Maximize use of public vehicle and think about the
general people.Rate this: +17 -4 Divya said: (Wed, Jan 4, 2012
04:12:26 PM)
Hi friends, In my point of view rise in price of fuel is mainly
due to the increase in number of vehicles. Nowadays even in nuclear
family they will be having 2 or 3 vehicles. Due to this consumption
of fuel increased rapidly and that lead to increase in price.
According to my point of view, I suggest a remedy to reduce the
consumption of fuel by reducing the number of private vehicles, and
encouraging public transport. Also it is prefarable to use electric
cars and bikes. So lets take an oath that we do not exploit fuel
and preserve it for the future generation.Rate this: +17 -3 Anish
Gulati said: (Tue, Jan 3, 2012 12:26:26 PM)
Most of the post below says that government charges high taxes
on the fuel import. Well I don't mind paying the taxes if those are
being used for developing, Government should use those money to
build a public transport infrastructure which would benefit all the
middle
class population but apart from Delhi metro we do not see much
good being done in that area. So my point if you charge high taxes
and want people to use public transport then please create a better
public transport environment/system.Rate this: +11 -7 Srikanth
said: (Tue, Jan 3, 2012 10:56:36 AM)
Thank you for sharing your great ideas about the oil prices..!
In my point of view oil prices are reached highly due to less
production in our country.If you see the other countries production
of oil is high,and every time we have to import huge amount of oil
leads to keep the additional taxes on actual price of oil per
liter. People think that govt frequently increases oil prices and
that point ensure that because govt fail to show the why this oil
prices is increasing..? On other govt should provide general
awareness regarding usage of oil prices.Rate this: +11 -10 Sumit
Nandi said: (Tue, Jan 3, 2012 12:40:55 AM)
Exactly. I must aggree wit my dear frnd raghav. But it's not
enough for thissss perticular topic. Prisses of oil/ petrol are
rising randamly we sould not totaly blam to our government for
this. At fist we must concious about what we have done. What we can
did if we are taking place of govrnment. At first we should pay
more atention to the remidies rather to blame the goverment. Like.
Government should take action for the devlopment of subsitude of
fuel like solar energy, hydro energy, wind energy. As we no that
their is already exist electrics cars solar motar bikes in Indian
market but not in that proper models that's satisfying companies
revinue. So, government should corncern more about this and make
some restriction over their like the word limitation. Frends the
companies are not taking that much of intrest til now to make
vhicals which exsits without fuiels because pepole not give that
much of interest to by this type of models and obviasly the prises.
A companies who make electrics cars or solar bikes if they take
that much of faith that people must give interest to buy then
slowly an gradualy there production is increase and there profit
percentage will be increases and they produced good modeles in low
price as they can. So, government should take action as soon
possible to release less vehicals of fuils and companies should
take much concentrate to made electrics or solar good models
vhicals in a disirabale prise. That also save planet to
globalization.Rate this: +9 -4 Amrit said: (Mon, Jan 2, 2012
09:20:28 PM)
I think oil exporting companies have to use technology which is
much in advance for thier production. Many companies use year old
method of producing oil which adds to oil price ultimately. India
must have wide nos of oil companies which can only be done by
giving various incentives, tax exemption to the companies owners.
By that 60 % production of oil will be increased and we will not
have to depend on opec for oil. Lastly people of India should now
change their life style and reduce their comfortness by accepting
public transport and not using personal cars/bikes for sceduled
journey.
Rate this: +6 -1 Mehul said: (Fri, Dec 30, 2011 01:53:47 PM)
Dear Friends If we look at the topic it reads "How to deal with
high fuel prices". Here the first thing that we need to understand
is whether the Oil price is in our control, If not why. Say we
export and the exporting coutries(GULF) decide on price. Oil
exploration in India can be encouraged. Provision of Subsidy in
many cases is less used and more abused. This fund can be diverted
to encourage oil exploration in India. Industries like Reliance and
others could be encouraged. Second way of looking at the problem
would be to look for alternative fuels like CNG, Hydro, Solar etc
which is already discussed, however I am surprised that the
Bio-Desiel has not been taken into account. The fuel is wasted
because of traffic congestion and frequent breakers. The
infrastructure facility in terms of By-Pass, Service Lanes,
Flyovers etc can be developed. Speed limits could be defined on
certain long routes so as to control traffic effectively. Need for
fuel efficient vehicles as compared to high horse power vehicles
which consume more fuel per km. Eg Splender/Boxer Vs Yamaha/CBZ etc
Number of vehicles per family can be controlled. Diesel
cars/Private vehicles should be banned. The fuel should be utilised
only for road transport/public transport. Last but not the least,
use of bicycles can be encouraged by adequate awards/recognition
through District collector/State/Central bodies etc.Rate this: +47
-10 Jaydev Paul said: (Fri, Dec 30, 2011 10:25:47 AM)
From my point of view, I think that high oil price may be deal
as follows. 1>if govt encourage and focus on public transport.
2>Unnecessary use of vehicle, young boys are use bikes
unnecessary. It is seems that in a family vehicle no is grater than
family member no. 3>If we use cycle instead of vehicle for a
small distance, high oil price may be deal.Rate this: +18 -7 Nisha
said: (Thu, Dec 29, 2011 06:16:09 PM)
Hi friends,
Oil price are rising continuosly, we all are saying that but the
solution is we are own. We have to utilise the public transport as
many time possible. We can avoid to use vehicle where we can go buy
walking. But we all are in hurry so we are trying to do the as fast
as possible. By using less our own vehicle we can save the
environment and global warming also. Cycle is the best option for
that but it affect the status, but if we start to use it for short
distance we are saving money of ourselves and lot of things to
others also. If we start then we can become inspiration to others
also. Oil companies are increasing the price but government has to
do something for public transport. Everything is become successful
when You, WE and I support it.Rate this: +13 -1 Aravind Kumar.S
said: (Wed, Dec 28, 2011 04:30:16 PM)
Hello friends I agreed wit your points, increased number of
vehicles is a sign of advancement so we could not blame on that, at
the same time we should look for alternate fuel source, that should
not be a carbon compound, instead of that we can go for solar
power, we cam produce electricity from solar energy, so we can go
for electric vehicles which can equally compete with petroleum
vehicles in performance, solar energy is a green energy and also
renewable.Rate this: +16 -2 Dharmnendra Sharma said: (Wed, Dec 28,
2011 02:37:23 PM)
Sorry Niharika but I am not agree with you, saving petrol is not
the solution of the problem. Without using your vehicle how would
you execute your daily routine jobs. How company run. How you
travel, how machinery will work, you are blaming to the people that
we are using excess petrol. For some instance you are right but for
a large picture this is not a proper solution. We need to see other
option like hydro fuel and solar power or any other option which we
do not aware of that. We have to adopt other energy solution.
Todays technology can do it. Govt should take strong imitative for
encouraging Science and Technologies in large scale as this a big
issue to our country.Rate this: +11 -1 Sachin said: (Wed, Dec 28,
2011 01:50:24 PM)
Hello friends, * as we know we copy the each term of western
culture, with this we r footstepping with same as them as we r
going to reduce the usage of public transportation and using a
single vehicle for each. we can share the petrol price with our
friend going on same root. * the another thing can added that we
indians r not so much concious about the maintenance of vehicle. we
use the same vehicle for more than 10- 15 yrs that increases fuel
consumption. * the hybrid vehicles r not so much used in india. the
thing may be noted that these r not som much popular among us.Rate
this: +6 -1 Karan Uppal said: (Wed, Dec 28, 2011 01:10:18 PM)
Hello everyone... While this question is bothering every
individual today... every one is upset with what the govt.
of India is doing in this matter... I strongly support that govt
should form some concrete policies which should be followed by all
citizens.. some of which are... (1)Government should encourage
public transport and should give some incentives to the people who
are using it... (2) Government should try to focus its investment
in creating high end infrastructure in Public transport... i am
from Ahmedabad.. If you have been here you can see the BRTS
busses...It is the best public transport system among all states in
INDIA.. All thanks to Mr. Narendra Modi for such Initiatives.....
All states should try to build such public transport system.... (3)
Apart from Public transport, government should alloacate a lot of
money for building non oil products for transportation... eg CNG,
Electricity.... (4) Money should also be allocated for intensive
research and development.... If all these points are seriously
taken care of during planning, I am sure that we can make our
commuting worries aside and oil prices will also get reduced....
Thank YouRate this: +15 -0 Niharika said: (Tue, Dec 27, 2011
10:13:42 PM)
Hii. Well I m mostly agred with your points. Yes it is we who,
who have to look after our consumption of petrol;instead of blaming
to the goverment it is we who has to take the steap foward to use
less vehciles it'll not onl;y save the petrol but also controll
over the pollution. We are the people who made the rise in the
price, its not the goverment, . Instead of showing of and of having
3 vehicles at honme and using one individually we can al2gether use
one in all times, petrol can be saved in same various ways.Rate
this: +8 -1 Rohit said: (Tue, Dec 27, 2011 07:39:27 PM)
Hello friend I m not a professional in this field but I collect
many views from other about government, population, corruption etc
but now I am on decision. I agree population of India consume very
huge amount of petrol deseal but if if we will control our
population then it will take lots of time and natural's resorses
will be finish so it is not a option for us. About government in
India have not proper oil resorses for Indian population
consumption. Government is helpless, have to import from other
contrary so price is not in our hands government can little
decrease but not effective for future planning. If we forget these
things and work like a other developed country work on natural
resorses think about soler energy use public transport some time
when not necessary work. Government should take decision promote
soler energy invest budget on wind energy soler energy and public
should also sport.
Rate this: +12 -2 Deepu said: (Sun, Dec 25, 2011 12:52:29
PM)
Of course I agree all these answers somewhat, friends. See in
other countries the cost of traveling expenses are very low, though
everyone in developed countries have their own vehicles like cars.
They don't prefer to take them out. Here traveling expenses like
bus charges, train charges, cab hiring rates and taxes on them are
very low, so that this ultimately leads to less usage of petrol, in
my view most of the petrol can be misused by our personal
activities, so I suggest that govt has to take a privilege step by
reducing charges of travelings and their taxes, of course each
individual has an important part to make success of this idea.Rate
this: +14 -6 Nagendra said: (Sun, Dec 25, 2011 08:34:23 AM)
Well, to deal with this kinda factors what we primarily need is
an individual contribution and attention. Everybody knows that the
main reason for drastic and regular hike of oil prices is due to
Indian economy, imbalanced economic status and corrupted plotics.
To come over it, either there should be a revolution or people
should fight against the government and corruption. Certainly its
going to be one of the debating topic if we have to continue
talking about it but to end it here what I would like to say is, be
aware of what should be the actual price of oil in the market and
what extra money we are paying.Rate this: +19 -4 Dharmendra Sharma
said: (Sat, Dec 24, 2011 05:55:15 PM)
Hmmmmm oil prices !! oil can not be produced and we are
exploiting it very fast. as we are developing we can not compromise
with energy. we need fuel to run our vehicle, moter bikes gen sets
and many more things. Now the question arises if the crude price
rise more like 200 usd per barrel that what !! than we will think
of alternative. Every thing have alternative but we need to find
them and get use in daily life. In this govt can play a majer role.
they can promote electric bikes, cars without custom duty in india.
Can ask for private player to act in this field also. Can develop
metro net in every town. to Make solar power mandatory to every
citizen so that the electricity made from coal can be reduced.Rate
this: +7 -2 Heten said: (Thu, Dec 22, 2011 08:59:09 PM)
We deifinitely have to find alternative sources of energy.The
petrol prices for example are rising day by day.3 yrs back the same
qty of petrol could be bought for half the price.Secondly ,withe
the middle easr crisis,such uncertain events can skyrocket the
proce off petrol. Thus the goverment of India should invest into
othe types of power staions such as hydroelectric,wind energy
etc.This would reduce our dependence on other countries in the long
run ,aslo save or country foreign exchange .Thus it is high time
this steps should be takenRate this: +9 -2 Sameer said: (Tue, Dec
20, 2011 04:34:02 PM)
Government as well as the private sector should try at both
individual levels to find alternative source of energy. India being
a tropical country is blessed with ample sunlight and rainfall in
different regions. Measures should be taken to utilize full
geographical benifits. Wind energy power station plants must be
developed on western and eastern ghats, vindhyachals and aravali.
The central part of India is well exposed to heavy sunlight hence
solar energy power stations must be setup in these zones. We have
good network of rivers and dams hence hydroelectric power stations
can be set up in various river basins. Being an agricultural based
economy, we have lots of crop waste which can be used for biomass
production. Though it is true that we cannot replace petrol
completely but efforts must be taken to minimize its utilization
which would ultimately result in reducing pricehikes of petrol. All
these measures seems to be hypothetical to hear but we have no
option rather than depending completely on other nations for our
energy demand who can easily handicapped us during crutial
times.Rate this: +51 -11 Mohan Rao said: (Sun, Dec 18, 2011
05:50:29 PM)
Petrol by its nature has the most inelastic demand so in a
country like India where the fiscal deficit is high the government
will try its best to increase its revenues by imposing taxes on
this commodity. Higher the inelasticity of demand higher could be
the revenue from taxes. But economics has solution for its problem
in its problem too. It is equally true that because of rise in
prices efforts have been channeled in order to create alternative
energy options and reduce the unit consumption. With rise in
prices, in the long run the demand tends to become elastic. So the
demand will succumb to price rises but progresses are slow in this
respect but eventually it will happen that man's banking on crude
oil will decrease.Rate this: +10 -6 Snehlata Kureel said: (Sun, Dec
18, 2011 03:15:11 PM)
Oil is realy an important resource for an Indian population.
With an increase in petrol prices people are moving more towards
diesel vehicles and in the present scenario no. Of diesel vehicle
are more in use than petrol though diesel are also affeecting
through its prices to the the people. To ovecome the high oil
prices people should use this resource carefully. Govt. Should
provide this resources at subsidized rate but not in free so that
people should understand the real value of this resource. Secondly,
people should be made aware of this resource especially in the
rural areas as the farmers are not well aware.Rate this: +10 -18
Joydeep said: (Sat, Dec 17, 2011 07:50:12 PM)
Oil is definitely something where India has to be dependent on
other country. We have vehicle manufacturing companies but not
enough oil to drive those vehicles. What Tata, Mahindra, Bajaj and
other light and heavy vehicle companies will do when there will be
no oil or people wont carry their vehicle because of high demand of
petrol or price issue?
India should start thinking out of box now. India is investing
huge on Research and development but how many future product we
have? We definitely need to take some aggressive step to save our
next generation. One cannot stop fuel price hike, slowly the
resource will get empty and demand will be more, its quite natural.
A good Invention can save us, like a solar car. We need to utilize
the available resource what we have instate of depending on non
available fuel. Debate on fuel hike issue will not give a permanent
solution, it's only Invention what can give a smile to every ones
face.Rate this: +33 -3 Junaid Ali said: (Sat, Dec 17, 2011 07:49:01
PM)
I think that unnecessary use of vehicles should be avoided
specially by youths most of the youths having bikes with them
unnecessarily roam here and there ant second thing is that behind
every minister there are unnecessary people wasting these usefull
resources so if we avoid these type of activities we can save a lot
of fuel.Rate this: +20 -8 Rizwan(Hyd) said: (Sat, Dec 17, 2011
12:10:30 AM)
Oil/petrol is one of the most wanted commodity not only in india
but in the world and we are one among the highest consumers of oils
..oil as we know is a naturally occuring luquid which is found
beneathe the earth surace and unfortunately we have very few oil
reserves...so mostly we import it ie we buy it in $ ...and since
the rupee is at the all time low to dollar ...the oil prices seems
to be more higher... If we can increase our economy by getting more
bizness to india/reducing corruption/encouraging FDI and thereby
strengthing the economy our rupee value will be higher against
dollar and hence we will have to pay less amount to buy oil thats
possibly one way to deal it...but for long term the best possible
way is to reduce the population and this can only be achieved by
increasing the literacy rate so that ppl can learn abt family
planning and cons of having a large family... If we can reduce the
population then LESS POPULATION=LESS VEHICLES=LESS USAGE OF
OIL=LESS IMPORT=LESS OIL PRICES=HAPPY INDIARate this: +72 -4
Sheveta Verma said: (Fri, Dec 16, 2011 07:26:11 PM)
Oil , the pivotal, the essential fuel commodity vitally used in
vehicles and is the result of the fractional distillation of petrol
. The Main Reasons :1) Hefty , Robust consumption i.e the rigid
demand but the poor production , the supply. Even I read in
Business Times that Reliance oil exploration has been hit
adversely. 2) Weakening of rupee . The Dollars have escalated to
52.4, that means imported duties will elevate and we have to fork
out , shell out quite a substantial amount while purchasing fuels ,
oil, petrol, crude oil from foreign counties . If we are paying
more that we will be selling in more.
3) TAX - If our very own country is going through a rough patch
i.e. through a period of fiscal deficit and there are no reserves
that what will our government do - Increase the tax in budget on
Cigarattes, petrol, diesel, crude oil, fuels etc. 4) Corruption -
In the sense they have to fulfill their own pocket by inflating the
cost of the basic commodities which run our daily lives. Measures
1) Mergers with oil corporations , more Oil Manufactures and latest
technologies should be used to explore oil , the area should be
widen. The production should not be affected . 2) Substituent but
if only oil is mandatory or else required not any another crude
oil. All vehicles are operated on the basis of oil as it emits ,
exudes slipperiness which is essential in the operation of Internal
and external combustion engines.Rate this: +21 -4 Sandeep said:
(Fri, Dec 16, 2011 04:04:29 PM)
Hi friends we discuss about how to deal with high oil prices,
some of the points I have shared with you that the continous rise
in the price of oil are today each and every people have their own
vichels and they waste the oil very useless way. We cannot blame
that government play politics game in rise of prices. According to
me it is the positive thinking that government wants to reduce the
consumption of oil so that we can save oil for future use and it is
also for the next generation, so the people of each country should
be a part of it.Rate this: +11 -4 Yogesh Patil said: (Fri, Dec 16,
2011 12:55:00 PM)
Well friends the question is how to deal with oil prices. So we
should think about in two parts. One is at national level and
another is at international level. At national level we should
explore the new sources of fuel. These are CNG, bio diesel, jatropa
planting, exploration of new oil fields and use of electricity
power driven vehicles. As we have recently concluded the nuclear
pact with US and have also received the supply of nuclear fuel for
civil purposes we should create the infrastructure for gaining more
elect out of nuclear reactors and enhance the use of metros in city
on the line of Delhi Metro. The reason for hike in oil price is
increasing demand of oil and shortage of crude oil in internation
market. Though the govt is giving a heavy subsidy on oil but it is
not sufficeint. So we should control our needs and try to
accommodate in publice transport. Here govt should ensure that
quality public transport is provided and must cost less to the
consumers comparing in using their own vehicle. The point of exice
duty 55% in India and 20% is also agreed to. But we must understand
that US has full access on oil fields in west Asia and they are a
lot of reserves. That's why they have less exice duty though thier
demand and consumption is much thigher that out country. It is not
quite easy to control the crude oil prices since many developing
countires are on path of being developed. So we should look at our
needs and expediture and look for alternative source of fuel to
avoid any crunch situation in future. At international level the
world leaders should think about the increase demand of crude oil
and its consumption. The oil fields must be properly explored but
it should also be think that when the oil is being used as fuel it
is increasing the green house effect and causing pollution. So
elect
must be developed as alternative source of crude oil and subsidy
be given to developing countires so that common people are not
affected.Rate this: +7 -3 Vvv said: (Thu, Dec 15, 2011 11:07:40
PM)
Hi friends,I am fully appreciate with you guys that,natural oil
should be saved as this one the valuable fuel in daily life &
need to utilize this natural resources productively. 1.Special care
shall be taken for oil carrying vehicles,vessels in the sea,so that
oil shall not be wasted in accidents as happened in past.there were
plenty of accidents happened with oil carrying vessels in the sea
due to which millions tons of oil was wasted in the sea. 2.we shall
make use of technology that some equipment shall work on electric
or solar power instead of oil fuel.Rate this: +16 -3 Suresh Bhoi
said: (Thu, Dec 15, 2011 07:52:59 PM)
My dear friends as we know that the world economy is mainly
based on the oil price in this decade, that is why all developed
economy like usa and uk etc are trying to get the maximum share of
the oil produced by the gulf countries, due to this competition in
the global cenario the price of oil is rising globally but as we
are still a developing economy so we have to deal with the price
rise of oil locally, so what we can do to reduce the consumption is
as follows. 1) we can use the govt communication system like trail,
bushes, taxis instead of private owned. 2) unnacessory westage of
oil by travelling small distence by vehicles can be stopped. 3)
govt can provide better services in the busy citis. 4) cng can be
used instead of oil. 5) and most important is the resoure panning
by the govt.Rate this: +11 -4 Rajan said: (Thu, Dec 15, 2011
05:32:35 PM)
Hai, I would like to share some points. High rate of oil is
because of three reasons. 1. Whatever may be the rules of the
government, though the prices have been increased still the demand
for oil is in same stage, if tax is the reason then after rising
prices why still no change in the quantity of usage. 2. Then we
peoples are not ready to use government vehicles, we need private
vehicles because of our urgency in work. 3. Corruption, tax.
So, these three should be avoided, though corruption cannot be
vanished in one day, we should do, whatever we can to our country.
If this thought came to every people we can overcome the oil
prices.Rate this: +7 -1 Ganga said: (Thu, Dec 15, 2011 11:58:34
AM)
Hi, good morning to every one gathered here. There is nothing to
doubt to get hike price in petrol because we were one of the reason
for the peak rate of the oil. Nowadays you people using separate
vehicle for their own need. Each vehicle needs oil. We well known
that there was less in production but using lot of oil. One
solution was avail for us we have to use common transport to go
anywhere. To asure that less usage of oil. The train transport
woult make it possible. It will same time too, very rapid, less
cost, can reach fast at our desire place. Oil price might be
low.Rate this: +4 -6 Sneha said: (Wed, Dec 14, 2011 10:00:44
PM)
In my opinion gov. is responsible for raising petrol prices in
india as it offered 70% tax on imported oil price due to which
common people are suffering.as we seen in the current scenario
inflation rate is increasing due to depletion of natural resources
as we see that demand is more and supply is less in the nation like
india which is touching the population of approx. 1.2 billion.as my
fnd above mentioned about our neighbouring countries petrol price
in that i would like to add that there population is far less in
comparison to ours as well as they are muslim dominated countries
so, they easily get fuel and petrol from south eastern countries in
cheap rates,atlast i would like to recomend that gov.should take
strict actions against petrol price so, that common man
survive.Rate this: +11 -4 Bhupendra said: (Wed, Dec 14, 2011
09:24:00 PM)
Main problem is not the goverment or oil companies. The statics
shows that the consumption of cars and vehicle is rapidly growing
in the world so demand is increase and production of the oil is
low. The other problem is also that the problem in lebia and other
saudi arab country facing the problem so the supply of oil is
decrase and price is increase.Rate this: +4 -4 Muthu said: (Wed,
Dec 14, 2011 12:18:26 PM)
Main reason of this is the low production and more consumption.
The lorry and containers all are been using the oil more. I thing
they are waste or anything reason that made by them. So they only
understand this problem then only it will reduce day by day or
month by month. The central govrnment should follow the steps to
raise of the rate for petrol, like that oil. Then only they can
obserb the main solution for that. So our duty is the save the oil
in our small vehicle also. Then only it may be reduce. People
should follow the use of petrol. They have to stop the rate of oil
raises. My point is the raise of the oil is in people's hands and
the owner of the oil company. So they have to come to forward to
prevent it.Rate this: +1 -11 Jibu Daniel said: (Wed, Dec 14, 2011
10:23:41 AM)
Hi friends,
The main reason for the rise in oil price is the demand.Its
Waste of time in blaming politicians/government.As an Mechanical
engineer my point of view make is alter conventional oil by
alternative fuel.Its the best time in bringing out the alternative
fuel ,for what the world seeks... by bringing alternative fuel into
market we achieve: 1.reduction in cost when compared to
petrol/diesel 2.reduction in harmful exhaust gases which damages
the environment 3.it brings a friendly greener environment
encourage it...support it ...create awareness...save earth!!!!Rate
this: +26 -5 Sukanta said: (Tue, Dec 13, 2011 09:45:04 PM)
The First thing we have to know is that, we are giving 100% of
tax on all types of oil.For example,the price of petrol is near
70-75,where the cost price of petrol is 35-37.So,here the
government taking a huge amount of tax from us,to maintain their
fund. If this things happen for some more years then oil will be
like a diamond to middle class people.The best thing to get rid of
this is to close all the tax except transaction tax.For this
government and oil companies need to come together and co-operate
with us.Rate this: +7 -4 Maninder said: (Mon, Dec 12, 2011 08:10:02
PM)
The Oil price rise is an international phenomenon affected by
the pricing of OPEC (oil Producing Exporting Countries). At the
national level the governments role of dealing with high oil price
rise has a greater role. An important point here is regulation of
diesel as it is used by the farmers so as to prevent inflation
rising through farmgate prices and deregulation of Petrol as the
prices would be directly affecting the consumers through
international movement of oil price which would demotivate people
to use their own vehicles and promote the use of public transport.
Another thing is the provision of subsidy to the poor people to
help overcome the price rise. As an individual we should prefer
switching to fuel efficient cars and rather than individually
travelling through office people can form group to use their
vehicles on fixed days for offices.Rate this: +32 -1 Shivi said:
(Mon, Dec 12, 2011 02:20:38 PM)
Well friends rising in prices of oil occurs because companies
are storing oil cans in their godowns n which show the limited oil
available so government raise the price after that these filling
stations sell the oil at higher prices, I want to suggest that
people must use the bicyle for shortest distance which keeps them
healthy and avoid the consumption of much petrol. Thank you.Rate
this: +4 -6 Shubham said: (Mon, Dec 12, 2011 01:57:25 PM)
Government alone is not responsible for the oil price rise,
increase in demand is also a reason. The use of public transport is
not a feasible solution, one way to cope with the issue is to find
an alternative of the fuel, as an engineer we can do this in a
better way instead of wasting our time by giving comments on
government, Politicians etc.Rate this: +24 -1
Venugopal said: (Mon, Dec 12, 2011 11:07:54 AM)
It is not only the matter related to government. Every person
using vehicles driven by petrol must think of it. Make a less
consumption of petrol by using vehicles, whenever there is much
importance the task for what we are going to use the vehicle. If
the matter is less important and have time, then go by public
transport. If else use their own vehicle. Decrease the consumption
of oil, by knowing the importance of Task we are attending. If
possible use bycycles for transport.Rate this: +5 -2 Raghuveer
said: (Mon, Dec 12, 2011 10:16:51 AM)
Hi friends, As long as i have concerned to this problem. High
Oil Prices ....... govt is playing a tricky role by lowering the
oil prices during elections and after the government was formed
they are rising it as there wish because the only way to get income
to govt in India is on PETROLEUM and the LIQUOR(wine shopes)
.....the best example is during the time 2009 the cost of petroleum
was only RS.55......but now it is Rs.73.Rate this: +5 -1 Prasant
Tiwary said: (Fri, Dec 9, 2011 11:25:16 PM)
I must say. That everyone is responsible for increasing oil
prices except who are not having any Vehicle. You just imagine your
life without vehicle. It is it tough call right?Thats what I am
trying to say. There is a limited source for everything. Ever it
has to increase. (And you Know What is the Advantage of increasing
price. I ll tell u:) ) ) ) Pollution will must reduce. ) ) ) ) )
How?When people will start using less:) ).Rate this: +6 -5 Sarath
Ms said: (Thu, Dec 8, 2011 09:18:19 AM)
Yes Oil prices are incresing today. We cannot blame on the govt
because we are also a reason. With careful use of oil we can
control prices like using public transport bicycles obeying traffic
rules etc. The govt gave power to private sector for fixing price
is also a reason. But we should think if we use oil carellessly
what should our ancisters use.Rate this: +19 -15 Karan Rathod said:
(Wed, Dec 7, 2011 10:30:43 PM)
The issue which badly affect us is that HIGH OIL PRICES AND
INCREASE IN INFLATION. First of all, Using Bicycles and carpooling
is not a total solution. Its not a question of individual effect.
Rise in oil price directly increase transportation cost and then
rise in other necessary commodity prices. So i think government is
the one and only player of this game, can decrease the different
taxes imposed on imported oil, which is more than 70% in India, to
decrease the oil prices. I think this is the only solution which
can deal with high oil prices, as a whole country.Rate this: +22 -3
Prakash said: (Wed, Dec 7, 2011 09:08:25 PM)
As we know natural resources like petrol is in limited way in
the world so without thinking about
future of petrol which is very essential for us. We should use
petrol in right manner then we can change the current condition of
the country concerning hike petrol price. Why other Asian country
having very less price of petrol than India reason being more
demand of petrol and less supply. Every person in a family try to
keep a vehicle even for office not think to take public transport
by this way they can save petrol. So government always try best to
control the price but something which is not in hand of govt.
Earlier save water save life and also be follow save petrol save
life or environment.Rate this: +17 -1 Dolly said: (Wed, Dec 7, 2011
02:51:46 PM)
Hi Friends, I think all of you are right from one sight but as a
citizen we are also responsible for that, we should use less petrol
as it is a natural resource and it import from other country to our
country. And as the demand is greater than supply their prices are
high. So use when it is necessary. When there is a walkable
distance do not use vehicles. Use of vehical also distroy your
personality. Walking is good for health. It keeps you fit and
fine.Rate this: +8 -15 Ajit said: (Wed, Dec 7, 2011 10:55:37
AM)
Hello friends how to deal with hike oil prices today that
question raise in everyone mind i thing the only solution is that
how much we can less use and more consume that is the only we can
do save oil as much as possible because price is not in our hand
but that thing is depend on us, every person village,city and a
country unable to move without oil a high class person does not
care whatever the price because need is more important than hike
price today food inflation is hike day by day but we can not stop
eating.70% of oil import in india goverment have to pay for this.
suppose we have 500 lit water is someone want 1 lit we have not any
kind of problem to give if we have only 10 lit then lot of thing
happend. that is what happen with oil so only option is consume and
as possible as lass use can fight with hike oil pricesRate this: +8
-7 Tanmoy said: (Tue, Dec 6, 2011 11:46:39 PM)
Hi friends, All of us know that in present day hike of oil price
is one of the hedack of our daily life one of the main part of our
life style is transport without which everything is stopped. Main
source of this is now decreasing for our fault only even we are
talking and blame that our government and people are responsible
for hike of oil price before that first of all we have to look on
myself.Rate this: +1 -7 Bipin Srivastava said: (Mon, Dec 5, 2011
06:26:33 PM)
Dear friends, With an unprecendented rise in oil prices in the
global markets over the past decade and increasing, for a country
like India which imports around 70% of its total oil needs and
battling high inflation in decades the implications are more than
alarming. Given paucity and nonrenewability of these resourses and
the fact that its prices are determined by market forces of demand
and supply, there is nothing much anyone can do about to control it
but, we surely can minimise our oil consumption so as to abate its
price furore and ensuing threat to the
environment, at least. We should explore newer alternatives for
energy that constitute to a sustainable development of the society.
Side by side, we must encourage clean fuel technology like CNG for
transportation, DTC buses and Delhi Metro are a case in point. We
should make use of public trasportation systems like taxis, buses,
railways rather than using own vehicles as much as possible. By
this only we can combat unrelenting high fuel prices and can ensure
eco-friendly environment for generations to come.Rate this: +37 -2
Lakshmy. said: (Mon, Dec 5, 2011 11:32:31 AM)
Hi friends. Most of you are blaming public but I think
government and as well the person as a citizen of India is
responsible for this. The consumption of oil and oil products are
increasing day by day with due increase in the oil prices. What we
the common man have to do is use vehicles for emergency and do use
public vehicles for daily use. So that it will reduce our family
budget as well as pollution to an extent. Govenment is also
responsible for the hike in oil prices. The soul right to decide
the oil price should be given to the government not to the oil
companies. This will help curb inflation.Rate this: +19 -1