Is there any solution for this Fuel hike which happens time and again?

You can subsidise whatever you wat, but in the end the money has come from the people. You will still pay the full amount for the fuel, only you wil do it by paying taxes. The oil will have to be bought anyway.

Investing in alternative fuels/energysources will prove far more effective in the long rung. Oil will only get more and more expensive in the future while other energysources will decrease in price when technology evolves.

Creating enginges that run on electricity, fueled by solar-energy and windenergy will be a good step.

What we need to do is reduce the need for private & consumer consumption of transportation. By simply decreeing that people use buses, its not going to happen.

We have to build world class public transportation services, so that cars are needed less & less. Once such infrastructure is in place, we will need to have fuel cost more or rather non-subsidized.

Another thing we need to do is make railway freight more competitive. Some of the things that can be done are separate corridors for freight trains. Containerization of railway cargo. Railways to handle only containerized freight, just like shipping, with only a couple of hours window for mechanized loading & unloading of containers, third party railway shipping companies with their own yards for stuffing & de-stuffing containers. These kind of things will make rail freight decrease the need for road transport of goods, decreasing fuel consumption and all around decrease in prices of consumer products.

Common man does not need lots of fuel if public infrastructure is in place. Its the rich man, with his fuel guzzling cars, who will most probably not use public infrastructure even if its in place.

Till now government was giving subsidy for fuel and now they are freeing the fuel which will now corelate to the global oil cues and the rates will raise accordingly, this freeing of fuel might work elsewhere but not in India, India is still developing country and the way the fuel prices are increasing it will surely impact businesses of many, there will be high inflation rates, and with already high food prices now even fuel price is also increasing and this will make things worse for the common man, what are they doing collecting all those taxes, can't they give subsidy for these fuel and go for research and develop some alternative by which we can depend less on these.....

Fuels are taxed at 100$ which means the effective price is only aroun 26 rupees. Our governments of the past and present has no idea the philosophy behind taxes when the project tax laws at the citizen. Suppose people are not given an efficient taxes, environment, and supplied with gibbons, they become violent and create economic losses to the nation which turn out to be more than the benifits the government accrues through such taxes which is called the opportunity costs of policies.

Similar theory exists in petroleum pricing where it leaks out subtantial consumption budget from citizen into governments hand whihc is inefficiently deployed, siphoned off or misaproptirated by government and government chohorts.

Adjusting these taxes efficiently can reduce the ill effects of continued price hikes in oil.

this is how the free markets work, get used to it

Change the government policy.  The Government is very very loyal to Oil companies in India. If the government is loyal to oil company isteady of loyal to public the only way and options is change this government