2. INTRODUCTION
● 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 step 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? that is we going to discuss in this presentation .
3. Conditions in india
● India is the world’s fourth largest consumer of energy but with low per capita
energy consumption. With the ever increasing number of private vehicles, an
overall domestic consumption of petrol and petroleum product is on rise in
India. There was more demand of petrol than supply is a leading factor of its
rising price in India.
● Now day’s day by day fuel consumption and new vehicles are coming in the
so india spend(81.7%) money in the fuel (According to google survey).
4. Who suffer most ?
● But rise in petrol price in turn has a rippling effect. As all the commodities
are transported across India on vehicles that run on petrol or diesel, so
increase in petrol price results in price rise of these commodities(things)
as well. The greatest sufferer of all this is a common man.
● Today every Indian spends almost half of his income on fuel. If the petrol
price in India keeps on increasing then every food item will get costlier. It
will result in less of savings and more of expenditure. This in turn will
affect the real estate, banking and other sectors in India. Eventually, more
and more people will be pushed towards poverty(poor) line.
5. Why India needs to import oil?
● India does not have enough of oil to meet the growing demand of oil. Near
about 1.4 million barrels of diesels are used per day in India especially by
farmers, trucks and industry.
● So to meet the growing demand, most of the oil is imported from other
countries resulting more expenditure. It has been seen that petrol price has
increased about 2 times within the period of three years and still rising.
Ultimate result of price hike of petrol is inflation(costlier).
6. CONCLUSION
● 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 our self
as well as for the upcoming generation.
● Less use of petrol can reduce petrol consumption in india.
● This initiative doesnot depend on the government this issue can be solved by
unity of all peoples.