Sunday, January 20, 2008

PRICE HIKE OF PETROLEUM PRODUCTS IN INDIA


PRICE HIKE OF PETROLEUM PRODUCTS


Instead of shouting and crying for increase in the price of petrol and diesel, each one of us should think of saving petrol and diesel by using two wheeler and cars, only when it is very essential time, and start using Public transport.

Indian government at least from now onwards should start encourage our people to use public transport like bus and train by giving vide publicity to use public transport by increasing the frequencies.It is high time to rationalise and modernize the public transport system. By doing so, we can save lot of fuel as the number of two wheelers and four wheelers have increased in abnormal ratio and it is heading for a big blast in the near future in our country. Our government is directly responsible for the huge demand in petroleum products requirement in our country, by giving scopes and undue advantages, facilities to the two and four wheeler companies, which are not at all bothered about Indian economy. On one side, these companies are making huge profits and opening new plants in nook and corner of our country and introducing a new model/variant of vehicle every day to lure the common man.

Hereafter our government should pass a bill, not to give any subsidy to petroleum products as the gap between the actual price and the subsidized price widening day by day. Our main expenditure goes to petroleum products in foreign exchange, which results in sudden rise of inflation rate. To retain the vote bank all the political parties coming to power are not at all considering this big revenue loss, because of the fact that they may have to loose the election,if they cut down the subsidy for petroleum products. The subsidy which is being wasted for petroleum products can be utilized in a better way to improve lakhs of villages and crores of farmers and for the poor children, who are the real future and back bone of India and Indian economy.