Petrol gets dearer!!

Another rise in petrol prices, kept stagnant since November 2004 has
brought the left again with their threatening to call a nationwide
strike. But that did not deter the UPA government to declare the hike.

Petrol gets Rs 2.50 dearer and diesel Rs 2. Internationally crude oil
has been touching new heights, and this volatility has taken it to $55
per barrel. Its widely accepted that we, end up paying a substantial
amount in the form of taxes. Now this increase would mean increase of
our petrol / diesel bill, taxi / auto fares, and all commodities that
travel by road to reach us. The hike in one commodity can affect us so
largely.

So what is the solution to this problem of depleting resources? If
taxes were reduced, the demand would surge to the extent that prices
would rise all the more. The only way that the problem can be solved
is to utilize other sources of energy like natural gas. It has been
quite effective in Delhi, and Mumbai is following suit. But getting
this change implemented on a pan india level needs quite a lot of
effort.