How to deal with high oil prices and steps to overcome
Last Updated: Jul 22, 2014
Currently we are facing a very serious issue, That is, hike in oil prices which is increasing rapidly. Now a days oil price is soaring the sky, which can be depicted as one of the major drawbacks in the growth of our economy because high oil prices generally cause a huge negative impact on the global economic growth and continuous depreciation of Indian rupees. So we will discuss how to deal with high oil prices and the methods to overcome.
High oil prices cause a huge depreciation of economy
In India there is scarcity of natural resources due to which we have to import petroleum from other countries. As day by day demand for petrol, oil products is increasing and consumption rate of oil being high, it consequently tends to increase in oil prices. Government is always blamed for ever increasing prices but somewhere we people are also responsible for high oil prices. It is our duty also to see how we can contribute towards reduction in oil prices. We must keep in mind that oil is not extracted in our country, So we should also preserve our resources and them in a sustainable manner.
According to my opinion only solution we are left with to deal with high oil prices is to reduce the consumption of oil i.e
Decrease in consumption = Decrease in demand = decrease in price.
Now the question arises how to reduce the consumption of oil?
It can only be reduced by combined efforts of both government and Common People.
Following are the measures to be taken to reduce the consumption of oil which in turn will automatically tends to reduces the oil prices.
Efforts from people
- For shorter distances we must go by walk or by bicycle, that is we must try to use bicycles more than automobiles. By doing so we can not only reduce the consumption of oil but it will also save our environment from air pollution.
- People of same destination and same work must encourage car pooling.
- We must try to use public transportation facilities like Metro trains, buses, rickshaws as much as possible rather than using our own private vehicles.
- Drive wisely, Put off your engines while there is a red signal traffic lights.
- Stop using vehicles for showing status.
- We should focus on developing biotechnology and solar energy sources.
Efforts from the side of government
- Government should decreases the rate of taxes.
- Government should increase the number of public transport vehicles with high security.
- Government should maintain the roads good and safe for vehicles.
- Traffic police must also work hard to clear traffic jam on roads because most of the fuel is utilized by the vehicles in the traffic.
- Give the facilities in cities which they demand (like development of good schools, colleges etc.) so that people can save there fuel and time too.
- Promote bio-diesel.
- Should promote companies which makes low petrol consuming vehicles.
- Should make bridges so that chances of traffic may get reduced
Lastly I would like to conclude with one most important point that, I think, there is a need to create awareness among people about the importance of natural resource, how precious natural resource are for us and for our future generations. People should be aware that crude oil is very limited inside earth and it is a non-renewable resource, so it is our responsibility to preserve it for our future generation and should use it as minimum as possible and consume in a sustainable way.
SAVE PETROL SAVE EARTH
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36 Responses to How to deal with high oil prices and steps to overcome
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Days have come when buying a car have become very easy, but travelling in a car is very expensive.
Every trimester you see rise in the prices of oil, how is the common man going to live, and a car has become essential in everyone’s life today.
Hence rather than using gasoline and diesel one must shift to something that is cheaper, and eco-friendly.
Many of us don’t know about it, but there are oil supplements like ethanol, bio-diesel which not only reduces your expense but also makes you and your engine fell good due o some of its properties.
today increasing oil price is our main concern becoz of that all other thing’s price are also increasing.to deal with it we have to decrease the use of vehicles for the small distance destination.we have to use biochemical energies to reduce the use of oil.
Oil, is a major necessity of human life. It is used for short distance as well as for the world tour too. From last three years(approx)the oil prices has hiked a lot. But even than the consumption hasn’t decreased a lot. But is increasing day to day. Peoples from average family are having a lot of problems for buying oil but there is no solution to their problems. Every government promises to stop the hike but after they are selected there is not a single talk aroused in it. If things go according to the way it is running these days then that day is not very far when purchase of oil will almost be unaffordable. some strong action can be taken to overcome this problem..
a)short distance -use bicycle and walk.
b)try to use electric bike…just like electric scooty.
c)promote bio diesal..
d)stop wastage of oil.
today we are trouble with a big problem increasing prices market of oil.the problem is occured from decreasing oil from the earth surface.the way of solve this problem
1.don’t waste the oil.
2.promote bio-digel,bio-gas or any other resources.
3.technology should better in any vhicles for savings the oil.
4.tax also decrease for requesting our govt.
5.People of same destination and same work must encourage CAR pooling.
The main problem is that subsidy is provided by the government is removed in petrol and petrol price is increased 19 times in these two months and government takes the decision that they remove the subsidy in diesel too. So the price of diesel increased total of 9.60 rupees in the upcoming months. So this is the main problem of our government and this is the main cause of hike in every products.
INDIAN HASNOT A BIG SOURCE OF OIL SO OUR COUNTRY IS DEPENDENT ON THE OTHER COUNTRIES FOR THIS . SO PRICE HIKE IS POSSIBLE DUE TO THE MARKET CONDITION. THATS WHY WE HAVE TO SEARCH FOR THE OTHER OPTION OF FUEL. IF WE GET THE OTHER SOURCE OF FUEL THEN .IMPORTENCE OF FUEL WILL AUTOMATICALLY GO DOWN..
1. High oil rate can be solved by decreasing the use of personal vehicle.
2. Stop using vehicle in unnecessary work.
3.Govt should import more and more oil from Foreign.
4. Govt should manage this cost with other things and decrease the cost of oil.
today we are facing a very big problem by the oil hike.day by day the price is hiking by amount in Rs. this is due to the less resources and the no of users are very high.we know oil is the liquid gold and it is very precious.but we have to look for other resources or other thing which canuse in the place of oil like hydro power,nuclear power etc.also we have to look that type of vehcles or machine which use solar power in the place of oil….
high prices of oil is very big problem now a days.it has two side mainly.one is good another is bad.
The economic condition is not so good of India.so GV try to devolope the economic condition.thats why GV take this dissicin to increases the price of oil.
but it is very harmfull for people mostly for the mediam class people.
there are so many country like Pakistan,Bangladese etc,oil price is not like the price of India.
so i think it is very harmfull for the medium class peoples.
Actually the goverment or the oil companies are not the main culprit for increasing the oil prise. we common people are also has some fault for this problem. If we are enough aware then this problem can be solved. We have to think that how can we decrease the consumption of oil. because, if the demand increase the the price will automatically increase. So we have to stop wasting this oil. And also have to use alternative source.Otherwise one day we will find out our world has been stoped just for lack of fuel.
The price of oil is increase day by day.So, we need do stop unnecesery use of petrol.Short distance we have to use cycle or walk with foot.If we use public bus for going any way and dont use private car than we can save oil and also the high oil price can stop.