How to Deal with High Oil Prices?

Oil price hiking is the burning issue in India from almost 6 to 10 years. Basically, the hike in pricing depends on import of oil & consumption of oil.

This can be reduced in many ways.

- One, by implementing the rule that one should not maintain more than 2 vehicles . which currently highly impossible in our so-called developing country.

If that rule is implemented, oil will be I reach to every citizen and obviously the importing of oil will be reduced to an extent.

- Second, by Finding more resources within our country. like oil to be dug out more in order to reduce importing oil. which is not as wise as it says.

- Third, Usage of solar and hydro machines. The basic installation cost is super high.But once you install the system, you will no longer use the petrol. so obviously you are independent to oil.

On the other hand, we have to improve our infrastructure for transportation and refinement of crude oil so when the oil prices come down we can have sufficient storage capability.

Hi, everyone.

As we all knows oil price increases day by day so for that in order to avid that we have to build an oil plants in India, why because we are imparting oil from other countries is it, if we are build oil company in India than problem is solved no transportation charge and also it reduces the wastage while importing from other countries, so for that we are all engineer's we plan to make a projects related to energy sources.

Hello, friends.

According to my point of view, India should use the non-conventional energy sources to deal the problem of rising oil prices. Because if the quantity of oil is more then its price is automatically decreased. Along with it, India should also exploit the new oil reservoir sources like Gujarat, Rajasthan.

I think its not about we uses or not, our less usage of oil is short term solution. This problem will going to raise in future also. The one and only better option is to find alternatives.

Hi.

I'm Ajith.

In my point, government order to more tax in two-wheeler and four-wheeler vehicle.

Then more public transport using the transport and using the bicycle in walking distance it is good exercise of our life. Oils are increasing main reason is corruption, and our economy problem.

THANK YOU.

Firstly, hello everybody.

Our topic is "how to react high price petroleum oil?".

All know oil in non-renewable product. Some year later oil should not be produced. So save oil and also as near place drive only bicycle as well as possible. Its effect is low consuming oil and save the environment (pollution free environment).

In my point of view, India is imposing the crude petrol from countries like Iran and UAE WHICH are abundant of petrol. Crude oil is available in not much higher price but When Indian petroleum company imported it there are many taxes levy on it. Also company include labour cost production cost transportation cost on it and finally we get price at high price. Here times comes when Demand is more and supply is less as there are very less purging company available in our country. To tackle this situation we must use alternate source of energy like ethanol biogas as conductor of our vehicle. We can also tackle it by using bicycle to go to small distances, avoid using extra petrol when we have no work.

Hello,

We can use bicycles instead of using scooter, bike, car etc. As long distances, we can use bike, scooter, car etc. Because now a days petrol&diesel prices are increasing. In future generations petrol and diesel is not available in our soil. So we can use little amounts of fuels. We can run a vehicle by Solar energy &wind energy. It is less in cost and it is so reliable. That's my point of view.

Thank you.

Hello friends.

There is a very little chance that the government will curtail prices of petroleum products, hence its our duty to start buying charging vehicles as it is the future of automobile companies.

As OPEC has agreed to cut down its production, Oil prices has seen a huge surge in their prices. As we are one of the biggest importer of crude oils, it is going to affect the balance sheet of our country in a negative way. Also, as they are non-renewable source, we must look for alternative sources, such as using public transport, use of CNG vehicles, vehicles that operate on battery. We should also look for more ways for harnessing solar and wind energy.