In recent year we observe that the price of oil are rising in india. What could be the cause for it how it can be controlled
Answers
- Government can start using alternative sources of energy such as electric energy, solar energy, wind energy, hydroelectric energy etc. as solution to curb the rising prices of petrol.
- Government can make some efforts in order to minimize the use of petrol which will ultimately reduce the price of petrol.
- It can reduce the price of petrol to a large extent by lowering various taxes imposed on petrol prices. The price of petrol are increased due to the taxes which are added to it.
- Better roads and handling traffic can help in saving the petrol we burn. This can lead to savinf petrol and the government will not be required to raise the prices so fast.
- Better public transport can motivate people to reduce the usage of personal vehicles which can again help in savind petrol and containing the prices.
- Providing subsidies on diesel further aggravates the problem.
Answer:
as there is lockdown so peoples are coming less. and income is also going less so they decided to rise the rate of oil because it is bought more by people so there will be no loss more