How to Deal with High Oil Prices?

Hi guys,

Oil prices are purely depended on demand and supply. If demand is more, the supply will become low then cost of oil prices will rise. Buy central government can control the price of oil. For example, if government Wants to raise the oil prices, instead of hiking the oil prices they can hike the price in railways, gas, cigarette, alcohol, etc. Especially they can hike in cigarette and alcohol. Because these two are demandable than petrol.

People should know how to use oil. For example, government Drivers, if they stop the bus in the red signal, they don't switch off the engine they keep it on till the single becomes green. This is also one kind of wasting the oil.

Hi.

Use of renewable energy is the best way to deal with high oil prices. Because the effect of global warming, air pollution and many issues will be reduced.

The sudden shift to renewable energy is difficult. So step by step let's change the style of living and move towards public transport and use of the electric automobile.

Finally, whatever happens, it's for good cause.

By doing this, healthy environment will be developed which will be the path of country development.

Thank you.

In my point of view.

If oil prices increase automatically the transport charges will be increase at that time electric scooters, metro trains, bicycles are the better way to travel until the prices will become low and gas cars are also useful at that situation this thing will be better deal if oil prize increases.

Hi Guys,

As we all know that what is the role of demand & supply as demand goes up and supply goes down so usually prices go up. Just like this situation takes place because of "demand and supply". Day by day demand of such oil is increasing the stock because of multiple reasons like increasing numbers of vehicles and there are many other machineries which are useful for work only with help of oil. So if we really want to reduce the demand of such oil so there is need to work on it so that we can stop the hike of prices till a level. So the following stages would be effective to use. 1. Turn off your engine when the traffic light turns red. 2. Don't keep start your engine when your vehicle is not moving. 3. Going in your own vehicle when there is need to go with. 4. Use public transports as much as possible to go from one place to other. 5. Don't try to use extra machinery, use as per need. So with the help of these steps, we can reduce the oil demand in the market.

Using CNG gas is also a kind of power through which we can run our vehicles on the roads. So using CNG we can also control the hike in prices.

Thanks.

Hi, I'm Manu.

We have to reduce using of oil and we have to conserve energy for travel it is one of the non-renewable sources after some time for our children petrol will not get so we have to save oil.

Hi.

Its really easy to say in words but following it is really hard. So what I think is it's better if we think as a citizen of a nation and contribute to the nation. So when it comes in the case of oil reduction we must consider all the perspectives that contribute for that.

1. Firstly growing more and more trees.
2. Using vehicles whenever necessary, money is not that thing that can be wasted on such stuff.
3. Providing good paths or road facilities for pedestrians so that they might be fascinated towards it.
4. The above can be done for sure in case of often visited places.
5. Making people realize these inefficient ways with advantages to them.

If people come across all the effects they suffer from vehicles will definitely make them find alternate way so it's all in our hand.

In my opinion, possible reason for increasing oil pricing in India:

Sanction by the USA on Iran.

The monetary policy of USA for reduction of the dollar in the market.

Less concern about the renewable option. For this, we require some solid temporary and permanent solution such as -.

1. Govt has to put some attractive option for public transport. Like discount on a long journey in the city for regular employees and student.

2. Govt has to introduce more AC public transport system in major business routes.

3. Traffic mgt should be improved in major and busy route.

4. Online taxi services have to introduce 8-10 seaters SUV for same destination people.

5. Personal vehicles have to allow a shared vehicle for one route two-way journey for in route passenger.

6. The capacity of public transport has to improve.

7. Monthly pass system with discounted rate should be available at the online platform.

8. Put pressure on CNG and electric vehicles developing company to increase R& D.

9. Raise request to UN for introducing dealing of crude oil in UN approved currency.

If govt and people works together then we can easily overcome with this hard time.

Price of oil is increasing day by day. As consumption of oil is increasing. Persons coming from the same area, going to the same destination, can use only one 4-wheel vehicle to come to their destination except using their individual's vehicle. By this, we can consume much of the oil. Use bicycles or we should walk for small distances except using our vehicles.

This is the major issue today the rising price of oil which has become an important part of our life. It is not good to be dependent on using oil as fuel. There are also some alternate options like using e-bikes, e-cars, cycles, using public transports, sharing vehicles etc. But there needs a great management to manage taxes imposed on it by various means by central and state governments which is the main reason for hiking prices. GST like initiatives may help it to deal in it. And people awareness will play a major role in dealing oil pricing management.

In present days, oil prices are high because the hypocrisy of government. Government doesn't want to reduce the taxes on oil because they feel reduction in oil prices will reduce national revenue. Meanwhile we know that oil prices are decreasing in international market now a days but government doesn't want to reduce even single rupee tax on oil prices. Government need to bring oil under GST and people also try to use renewable form to energy to decrease dependency on oil for energy.