Thursday, 05 September 2013 14:00

Hike in Fuel Prices

“Petrol price hiked by Rs. 2.35 per litre, diesel by 50 paise”

This was the headline on every newspaper on Sunday has made the common man revise his expenditures considering his/her budget. Over the past few months the fuel prices have been increasing rupee by rupee. Petrol has become an essential part of our everyday life, and life without it is unimaginable. The sky rocketing fuel prices are eventually taking a toll on each and everything that is necessary in day-to-day life. 

Initially, the reaction to the sudden hike in the fuel price was furious and fuming as it rattled every citizen in India. There was picture which showed the comparison between the fuel prices in our neighbouring countries, obviously it went viral on the internet. The picture was a true eye opener. 

Petrol pumps were the busiest place before midnight if the news was out of price hike for a couple of months. Everyone just tried to save whatever rupees they could on every litre of the fuel. However, the public got used to the idea of the fluctuation in fuel prices though it is bothers every single person be it the rich or the middle-class. College students funding their own conveyance can no longer afford long romantic drives or rides with their girlfriends because it has become equivalent to any luxurious gift.

Just as any other problem this too has some ways out, using public transportation for one and car-pooling. Car-pooling certainly helps in reducing one’s regular travel cost along with being environmentally friendly as it is a way to ration gasoline plus sustainable way to travel. Not many Indians would like to share their rides but it can be a great way to save some money and importantly fuel. 

Everything and anything is always interrelated, in this context - fuel prices, once started the chain reaction affects all sectors. Increase in fuel price will increase the transportation charge, increase in transportation charge will increase in cost of goods, and this increase in cost of goods would slowly but surely force the people to loosen their pockets even more, and as a result, the chain will further propagate. Today, even as the value of rupee is falling with every passing day the fuel prices are at an all-time high. It is we, the “mango people”, 

who are affected the most by the chain reactions.



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