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Rising petrol prices - Govt. can control?

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Rising petrol prices - Govt. can control?
Rajani Sharma 01-2-2012 03:01 AM

Rising petrol prices is a big reason for worry as it has a direct effect on the prices of our basic needs. During the last 1 years the petrol prices have seen a steep increase which is a big worry for the society. Can government take some steps to contain these prices or will they keep burning holes in our pockets in the same way?

For
- Government can start using alternative sources of energy such as electric energy, solar energy, wind energy, hydroelectric energy etc. as solution to curb the rising prices of petrol.
- Government can make some efforts in order to minimize the use of petrol which will ultimately reduce the price of petrol.
- It can reduce the price of petrol to a large extent by lowering various taxes imposed on petrol prices. The price of petrol are increased due to the taxes which are added to it.
- Better roads and handling traffic can help in saving the petrol we burn. This can lead to savinf petrol and the government will not be required to raise the prices so fast.
- Better public transport can motivate people to reduce the usage of personal vehicles which can again help in savind petrol and containing the prices.
- Providing subsidies on diesel further aggravates the problem.

Against

- The main reason for regular hike in petrol prices is corruption, imbalanced Indian economy, fluctuating dollar value, dependency on imports, price of crude oil in the international market, rising population etc. Many of these are external factors and not under the control of government.
- The other main reason for the increase in petrol price is increase in demand compared to low supply of petrol, which cannot be controlled by the Government alone.
- Government alone won’t be able to control the price of petrol, we as an individual should make an effort to save petrol as much as we can. We all should use these scare resources carefully.

Government alone cannot control the rising petrol prices. We all as an individual also need to make an effort with the government in order to curb the petrol prices by using our vehicles efficiently. We can use other means of public transport to go to places instead of using own vehicle. We need to think individually in order to save petrol for ourself as well as for the upcoming generation.

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