Oil prices in India have never been consistent. In the last decade, it has been only a few times that the prices have been cut. They have been increasing steadily year after year.
On one hand, there are valid reasons that the government keeps forward for the necessity of increasing the prices. On the other, there are practical ways of keeping the prices under check. There are some ways in which increased prices can be dealt with
- There is a band of 13 countries that control oil prices in the world. There is an organization called Organization of Petroleum
- Exporting Countries –OPEC– that include Saudi Arabia, the UAE, Kuwait, Libya, Iran, Iraq, Nigeria, Indonesia, Ecuador, Venezuela etc.
- These countries dictate the increase or decrease in prices across the globe, hence affecting Indian oil prices.
- This is not entirely on India or the government to control or deal with oil prices. This needs a collective effort.
- The Government needs to introduce, streamline and monitor efficient means of public transport such as monorail like in Mumbai or metro in Delhi.
- The Government should encourage research in finding out alternate ways of running things without oil.
- Citizens must be choosy about using vehicles that consume a lot of fuel. They can implement things like car pool, using public transport whenever possible, maintaining their cars etc.
With this topic, unless asked, don’t pick a side of whether the increase in prices is fair or unfair. Focus on dealing with the problem.