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Topic : Should fuel prices be deregulated?
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How can we depend very less on other countries for fuel?

Started by : Shikha Malhotra, Product Development Manager, Reliance Petroleum   02 05 2010 07:56:18 +0000
Industry : Oil & GasFunctional Area : Strategy Execution(Strategy & Execution)
Keywords : import energy price dollar fuel crude oil consumption less countries depend
Activity:  37 views;  last activity : 07 06 2010 20:18:09 +0000

Asia's first cross-country pipeline is owned and operated by Oil India. They have identified acquisition of overseas exploration and production ventures as an essential requirement for fast growth in the oil and gas sector.
With resource in hand, still India is importing crude oil from other countries. But, is also true that reduction of crude oil import will not affect the future economic growth in India in the long-run. But, How can we depend very less on other countries for fuel?
 
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1 2 3 4
1 Alternate sources to be developed
2 Invetsment in oil companies abroad
3 Increasing efficiency.
4 Improve energy efficency
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Alternate sources to be developed

idea posted by Rajwant Singh Country Head- Customer Service, TVS Auto Bangladesh Ltd
Our primary fuel reqt at present is met by Petroleum sources only. We must promote vehicles with highly efficient solar cells/ H2o fuels, Fossil fuels, CNG etc. Since we are made to depend only on petroleum-- govt has to import bulk- thus paying heavily from the exchequer.
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2
  
by Anurag Agrawal, HR Admin Manager  | 02 10 2010 21:28:23 +0000

I believe we should go for new innovation for searching use of natural resources like sunlight. we try to maximise use of solar energy and make everyone aware of use it.

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Invetsment in oil companies abroad

idea posted by Vivek Sudhakar Kulkarni Production Supervisor, Bumi Armada Solutions

To assure energy security by achieving self reliance through indigenous production & doing investment in oil reserves abroad.
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by Rajwant Singh, Country Head- Customer Service, TVS Auto Bangladesh Ltd  | 02 15 2010 14:53:30 +0000

My dear friend Mr. Kulkarni, according to me investment in oil companies abroad will to a certain extent help-- but our investment will again be at the mercy of that government's tariff. We must invest in our own country's R&D  and come out with alternate sources of energy, which will be under our control.

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Increasing efficiency.

idea posted by Sumeet Biswal B.Tech/B.E. student, Veer Surendra Sai university of technology,Odisha

By creating new technologies for increasing the efficiency of fuel.
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Improve energy efficency

idea posted by Shikha Malhotra Product Development Manager, Reliance Petroleum

In my opinion, India should take various energy efficiency and demand side management measures in transport sector along with other measures like expanding and strengthening indigenous resource-base, substituting imported fuels by domestic fuels and de-controlling the price of petroleum products to reduce its import dependence.
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