How to Deal with High Oil Prices?

Hello, everyone.

As we all know that India is one of the high oil importing country. That's why nowadays we are facing the problem of hike in oil prices. Currently, the quantity of crude oil decreases day by day, if demand remains same it will automatically increase the price of purified oil. To reduce this price currently, there is no option left unless we think about alternate of oil. Like solar power, electric vehicle.

So my point is that we need to cut down the usage of oil by,

1. Use of public transport rather than using own vehicle.

2. Use of eco-friendly vehicles that is running CNG is also a good option to remove oil consumption.

3. The government has to make a law in such a way that every individual family should have limited vehicle.

4. The government should encourage scientists and researchers in order to make vehicles largely based on electricity & solar energy consumption.

5. Every individual of society has to use a bicycle or public transport services for shorter distance let say 5km this should be made as a law then almost 20% to 30% of fuel-importing will reduce in such way & this will also help to improve our health.

More you run from the problem, harder will it become to solve.

How are we running from the problem? By giving synthetic subsidies for last 70 years.

Is the problem solved? No, it hasn't and will become more dangerous in the future.

Why? Because we don't produce oil and we import 80% of it. We have no control over its price (only opec and USA have control).

Always remember, oil is the non-renewable source and its price will ALWAYS increase (coz of short supply of dollars, maybe because of sanctions against Iraq and Iran, or maybe because of depreciation of our currency). All in all we have no control over its increasing price.

So instead of giving temporary subsidy, the govt should invest that money in building world-class highways, over bridges and improved infrastructure. (more than 40% of diesel in trucks is wasted because of bad roads+tolls+traffic jams).

I have a bicycle and want to drive it, but driving it on roads is suicidal. Govt should make /plan cities more pedestrian and bicycle friendly, it will encourage people to use fewer vehicles.

I want to use buses but they are so crowdy, Use the money in buying and upgrading public transport. Make our cities more like Tokyo and not like new York.

Encourage companies which want to invest in electric vehicles (like Mahindra and Tata).

Govt must know oil prices will always increase and electricity prices will always decrease (invest in solar and wind power) once using e vehicles becomes cheaper than people are not fools we will use e vehicles because we love our money.

The government must know that the greatest wealth a human could possess is Health. (less pollution =healthy citizens =more productive economy).

Also, try to give some amount of subsidies on LPG, LPG is healthier to use than burning woods. But no subsidy on petrol diesel or CNG as they pollute the environment.

Investing in high-speed freight trains and waterways is also a good idea.

Last point but very important - - - increase the tax on sin products (like cigarettes, gutkha, pan masala, soft drinks etc) use that money in improving women health (LPG).

Last but not least - -Swatch Bharat Mission-- clean our nation let more tourist come in. Tourism is a great source to balance current account deficit.

So use money in permanent solutions and temporary.

These are long-term plan and will not be completed in 5 years. But remember NATION IS MORE IMPORTANT THAN GOVERNMENT. Take a tough stand.

In my opinion, We could deal with High oil prices by following means:.

1. Though electric and solar vehicles market is not so developed in a country like India. Try to use electric vehicles which are available in India like an electric scooter, solar two wheelers.

2. Don't use vehicles which are above 10 years old. As these are consuming more oil and also causing environmental pollution.

3. Govt should explore the alternate form of energy like solar energy, wind energy, nuclear energy, tidal energy for lowering consumption of oils.

4. Govt should incentivise peoples for using solar cells for pumping water, using solar energy in generator instead of diesel.

5. Walking to nearby places without using any two wheeler for less consumption of oil. It will indirectly also helps in physical activity.

6. Govt should ban high oil consuming vehicles like a sports car, SUVs etc.

7. Using public transport, share auto, share taxis, metro can reduce sufficient amount of oil consumption.

8. India should explore options where the cost of oil import will be reduced.

Thank you.

How to deal with High Oil prices?

Suggestions are:

We have to work on two things. 1. Decreasing Demand and 2. Increasing the supply of Oil and gasses as well as alternative fuels like Ethanol, Biofuel etc.

1. Decreasing Demand:- For this.

I. Create proper public transportation system like metro, luxury buses (E-buses or Eco-friendly). Proper connectivity (by roads and public transport) between workplace and home decreases the distance between them and thus reduces the consumption of fuel.

Ii. Develop waterways. We have the potential of 14000 KM waterways. It will decrease the load on roads and also benefit the environment. Maybe dangerous for river ecosystem.

Iii. Develop such engines which run more efficiently with minimum fuel consumption.

Iv. Electric and Hybrid vehicles need to be promoted. For this, we need to create necessary infrastructure first.

We. Public Awareness campaigns should be run like during red light one should stop the engine, for short distance one should use a bicycle or take lift or use public transport etc.

Vi. Railway network must be increased. As it is cheaper for long distance and has been getting electrified by the government so raw material or final products or any other things can be transported through Railways instead of Roads. This will reduce the demand of diesel. (60 % of electricity is generated from Coal and this is the only fuel mineral we have in abundance. Thus, Electrified Railway can be a good option).

2. Increasing Supply.

I. We have the potential of shale gas and shale oil (perhaps highest in the world) production but due to technological and capital issues, this option has not been utilized. We should invest in these fields to increase our domestic production. Bringing of HELP policy and recently allowing non-traditional hydrocarbon E&E are the welcome steps.

Ii. We should acquire some blocks in Oil and Gas abundant countries like Russia, Iran and Mozambique so that we ourselves can produce oil and gas and supply to our country.

Iii. Since fossil fuel is non-renewable, in future its production will decrease and again prices can hike so we should (if possible) do such agreements with oil producing countries to supply oil on fixed pre-determined prices.

Iv. We need to generate more and cleaner energy whether it is electricity or biofuel to replace fossil fuel.

We. A lot of are & D investment is required in this sector. For this, cess can be imposed on fossil fuel consumption and the collected fund can be used for R&D and infrastructure development for Electric vehicles.

Vi. Our country generates around 120-130 MMT biomass annually in agriculture fields. If it is converted into biofuel, around 3 thousand crore litre Ethanol can be generated annually. It will decrease our dependency on fossil fuel.

Vii. To tackle such a type of situation (high oil price rise) India should make its own some strategic reserves (like buffer stocks for the pulse to control prices) like USA and China. We have 3 such strategic reserves that can supply fuel for 3 months only. It needs to be increased and should be used in this type of situation in combination with other measures.

Some of the ways of dealing with the high oil price.

1. By using a public vehicle instead of a private vehicle.

2. Promote the use of electrical vehicles among the vehicle and also by giving some rebate on buying.

3. Increasing global warming in the environment.

4. Reducing the tax price of petrol.

5. Promoting health care program of walking running benefit.

India imports 80% of its oil consumption from Arab countries every year. The oil reservoir is very less in India but our population is very high. So we can't fulfil the demand of oil of our country so, it should be better to save oil as much as we can save. Use

1) PUBLIC TRANSPORT.
2) USE BICYCLES.
3) USE COMPANIES VEHICLES TO GO HOME TOGETHER WITH OTHER EMPLOYEES.
4) IF MORE MEMBERS ARE GOING OUT AT SAME TIME THEN USE SINGLE VEHICLES AND DROP EACH OTHER.
5) DO NOT ALLOW CHILDREN TO RIDE BIKES INSTEAD OF CYCLES.
6) USE THOSE VEHICLES WHICH USES LESS OIL AND WHICH ARE NOT TOO OLD.
7) DO REGULAR SERVICING TO OUR CARS AND BIKES.

These are the small steps to same oil.

Hello, all.

According to me, combined efforts from both the govt as well as common masses are required.

The high oil prices can only be tackled by lowering the consumption and demand in the market.

We need to work on the following things as mentioned below:

1. If possible we should totally switch to renewable resources or at least work towards in this direction to achieve the desired results ASAP. 10 or 15 years from now, most of the European countries will have only those vehicle which will run on renewable energy be it solar or electric. India being the 2nd largest country in terms of the population needs more time than that but totally capable of doing it. We already have metro, buses and rickshaws running on electricity.

2. Promoting the use of public transport and strengthening the condition of public transport. This is very crucial from India's point of view. Even in the capital of India, the condition of public transport is far from satisfactory, Let alone the other states. With the increase in a number of people getting richer, if everyone starts planning to own a car, the condition will get far worse than it is today. Govt needs to step up here and hit the ground running.

3. Traffic jam, this is again a point of concern, a recent study by IIT- Delhi showed that 2 lakh liters of petrol get wasted every day by idle vehicles stuck in traffic jam. This is huge and a big negative for the economy. Increasing the number of traffic police force, improving the condition of roads and traffic lights can make the situation better. But government alone can't be blamed for this, those people who don't obey the traffic rules are also the culprit here.

That's it.

Thank you for reading.

The price of petrol in India is higher than most of the countries in the world. The fact is that India imports huge quantity of petrol from the middle east and presently ink a deal with Russia of importing 2 million barrel crude oil. Thus it is clear that importing crude oil is one of the factors of high petrol prices. So basically to reduce petrol prices ; limited uses and also sustainable petrol consumption is required. Less use of private vehicles; more use of public transport ; high-efficiency petrol or diesel cars ; trucks ; buses and most importantly utilization of electric ; solar or CNG vehicles. Last but not the least more mode transportation by trains will reduce petrol prices significantly. As we know that prices of a thing depend upon supply and demand, Thus less consumption ie less demand will highly impact or reduce petrol prices.

In order to deal with the high Oil price in india, First we have to limit our dependency on gulf countries.

This can to some extent be done by purchasing oil in limited quantity and mixing it with some ethanol.

For this we need raw material to produce ethanol. And it's production can be boosted by Encouraging the growth of sugarcane and various other plants.

This will not only help in reducing price of fuel but also help Indian farmers to get good prices for their produce.

Manufacturiing of other technologies for Transport like electric cars must be encouraged by Government of India and used to large extent. Eg in delhi there are e-rickshaws.

The price of the commodity increase when there is huge demand for it. Why don't we use Public transport instead of our own vehicle. ? it will not only reduce the pollution but also reduce demand thus help in reducing foreign import of oil.

Good afternoon everyone one,

As we all know the price of any product is depends on the demand and supply forces and the same is in the case of oil also. The demand of oil in India is very high as in India mostly in every family each member has there own vehicle, some are considering it as a status symbol also.

To deal with this we have to take the following steps such as:.

*We have to use alternatives like use of electric vehicles, CNG based vehicles, try to walk for shorter distance,

*Use of alternative means such as scooter pool, car pool, and use of public transport which will reduce use of fuel. Also pollution can be reduced as well as it also helps In management of traffic,

*For reducing our dependence on foreign countries for the fuel, we have to try to improve are technology and production techniques so that oil can be produced on India. This can be done through proper research and analysis.

Thank you.