Petrol Price Hike…

Petrol Price Hike…
Nowadays the petrol price hike is spoken as a big issue. Many are against the price hike. But I feel that the price of the petrol must be still increased in our country… The profit which the government gets because of the petrol price hike must be used in some useful ways.In our country majority of our import bill is because of Oil. If we reduce our oil imports by a small percentages then that small percentage of the money which the government saves can be used for many things, and in order to reduce the imports the usage must be less... and to reduce the usage the price of the oil must be more...The first thing which will come to our mind when oil price raise is fuel for our vehicle... but if we are those who use public mode of transport we wont talk abt the fuel price hike. For example say u travel by MTC bus, the increase in the petrol price will be shared be all those who use that MTC bus right? The government must gradually improve the public transport facility…If the public transport facility is good then with the increase in petrol price all people will gradually shift to public transport... because of this apart from reducing the import bill the government will also get revenue from the transport service… doesn’t that sound good?But on the other side the price hike has its own disadvantages too…The transportation charges of vegetables food items and other things will also go up. This will result in raise in price of vegetables and other essential items… And with the raise of petrol price the automobile industry will also be affected and this may slow down our economy... and this will affect many sectors directly or indirectly with these things we can argue that the petrol price hike is bad...what ever it might be Oil is a non renewable source of energy. More over burning the oil is going to pollute our environment and will make the world a bad place to live for us and also for our future generations... so I feel good that the price hike reduces the consumption of oil atleast by a small percentage :)