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Should fuel prices be deregulated?
Tags :
fuel prices, petroleum, oil, diesel, fuel price deregulation, oil price, oil price deregulation
Industry :
Oil & Gas, Power, Auto Ancillary, Automobile, Transportation/Aviation
Functional Area : India, Politics, Purchasing, Personal Finance, Pricing |
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About "Should fuel prices be deregulated?" topic:
It is said that the Central Government would shortly consider a
proposal to deregulate fuel prices. As it is good time to free prices
because the petrol and diesel prices increases will be very low. This
could result in an increase of three rupees per liter each for petrol
and diesel.
And since we import 80 percent of petrol and crude oil from
outside, so the price rise is expected. But someone has to bear the
burden, but why always people why not have something in place which is
stable for many years to come by, every now and then we are seeing
price rise.
So, lets discuss on this important issue of Fuel price
deregulation, like who has to bear the burden, whether the Government
or People, how we can depend very less on other countries for fuel, and
what can be done other than rising fuel prices for an energy-hungry
nation like India? share your views.
And since we import 80 percent of petrol and crude oil from outside, so the price rise is expected. But someone has to bear the burden, but why always people why not have something in place which is stable for many years to come by, every now and then we are seeing price rise.
So, lets discuss on this important issue of Fuel price deregulation, like who has to bear the burden, whether the Government or People, how we can depend very less on other countries for fuel, and what can be done other than rising fuel prices for an energy-hungry nation like India? share your views.
1 insight
, 9 debates
, 2 idea contests
, 2 question
on topic: "Should fuel prices be deregulated?"
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(rate this)
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1
Discover a substitute fuel
2
Usage of fuels
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Rajesh Kumar Thakur
| Supported idea
"Discover a substitute fuel"
| 1 year ago
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We are the developing country so the demand of petroleum product will be in higer side today and in coming years. The Govt. and oil company should work on the infrastructure to devlope on alternative fuels like biofuels and encrouge on usage of...
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KALIYAMOORTHY
| Added idea
"Design modification"
| 1 year ago
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No body intends to reduce use of fuel it is known fact. Once it is used to, then it is to be followed. Alternative to fuel such as Solar, Wind, Fuel cell are lucreative options but expensive for individuals. So other option can be try to modify...
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Syed Fareh-uz Zaman
| Supported idea
"Discover a substitute fuel"
| 2 years ago
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I think combination of first two choice is better. For today, we have to use it judiciously and save it for tomorrow in case we may be little in discovering the new fuel. Moreover wasting (keeping the engine on at traffic signal) is not helping...
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Ideate: "what can be done other than rising fuel prices for an energy-hungry nation like India?" deleted from your view.
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(rate this)
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Yes
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15
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VS |
13
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No
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vivek parmar
| Argues in support of
"No"
| 1 year ago
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India is rich in energy resources.but unfortunately very less in oil asset.instead of deregulating fuel prizes,fuel consumption should be reduced.goverment should give some allowances to those companies who have their own transport system and...
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Rajesh Kumar Thakur
| Argues in support of
"Yes"
| 1 year ago
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Indian economy is growing day by day, so the demand of fuel will increase and if the fuel price is not deregulate now the burden of subsidy will increase and the loss of PSU's will aslo increase. The burden of subsidy finally passes on common man...
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ASOKE KUSARI
| Argues in support of
"No"
| 2 years ago
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Should not be deregulated in haste. This is not the proper time. Common man is suffering for price rise and we do not know whether production of food grains and commodities wiil be good this time. Wait and watch strategy will be best
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Debate: "Should the fuel prices be deregulated in India?" deleted from your view.
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(rate this)
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Agree
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7
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VS |
14
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Disagree
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Santosh Sinha
| Argues in support of
"Agree"
| 1 year ago
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I feel this argument is given with private players on mind. I think the core sectors like, OIL, POWER, STEEL and others shall always be in control of govt. Keeping the importance of these sectors a decision was taken by Smt Indira Gandhi to take...
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N.lokanathan
| Argues in support of
"Disagree"
| 2 years ago
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India is a country of Hypocrites and power mongers who use and exploit the public . So the idea of selling at international price is not possible as many poor and middle class people will be affected and the so called friendly politicians will...
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Shikha Malhotra
| Argues in support of
"Disagree"
| 2 years ago
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At present, the government does not allow state-running fuel retailers to fix petrol, diesel, kerosene and LPG prices in line with international cost, resulting in huge revenue losses for the companies and subsidy burden on government. Petrol and...
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Debate: "Can Govt withdraw all the levied taxes and then sell the petrol/diesel on the international price? " deleted from your view.
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(rate this)
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'i thnk govrnmnt is not the only responsible authority for petrol price hikee,,,,we people who choose the govrnmnt are responsible as well''
Answer: "does government really responsinle for petrol price spikes??" deleted from your view.
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(rate this)
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Ccnsumer
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1
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VS |
2
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Supplier
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M Syam Sunder
| Argues in support of
"Supplier"
| 1 year ago
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Deregulation may reduce the burden of oil companies but end of the day it is the consumers who are going to suffer. so no point in deregulating the price.
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vikash vardhman
| Argues in support of
"Ccnsumer"
| 1 year ago
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UPA government is has decided to Deregulate oil prices to reduce burden from the oil marketing companies. Do u feel that this Step is a good one, after seeing the current uptrend in the crude oil prices.
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Debate: "R u Satisfy with the govt's move to deregulate Oil prices : Will it benefit consumers or suppliers?" deleted from your view.
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(rate this)
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Yes, this will give consumer an idea - how much goes to tax.
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1
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VS |
0
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No, it is fixed by each Govt. & Ignorance is a BLISS!
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Dr. Siva Adarsh
| Argues in support of
"Yes, this will give consumer an idea - how much goes to tax."
| 1 year ago
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Now that capping over the fuel prices are over, why are petroleum pump outlets not showing in their bills the fuel price + tax, that the consumer is paying. In all other commodities, the bills are split that way. Then why not for...
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Debate: "Should Petrol pumps start showing in their bill, the price as Cost + Tax?" deleted from your view.
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(rate this)
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Govt. of India has taken a bold decision to lift the subsidies on oil prices to ease out the state owned oil companies from heavy losses.   This decision is creating uproar in the political circles as expected.  Subsidizing the petro products means the state owned oil companies import them at high costs and providing them at lower price to the people. Consequently these oil companies put to heavy losses. In order to neutralize these heavy losses, Govt. issues oil bonds. Public sector banks, LIC and other state owned financial institutions subscribe to these bonds.  Banks/financial institutions have to suffer losses, if the yields on these bonds go down. In the event of losses, Banks have...
Insight: "Fuel price hike" deleted from your view.
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(rate this)
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Support the price rise.
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6
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VS |
12
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Do no support the price rise.
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Shashi Kumar U
| Argues in support of
"Support the price rise."
| 3 months ago
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Fuel price increase is a chain reaction. First the transportation cost will go up, this will have its effect on essential commodities which are transported on daily basis. Thus adding to inflation. Fuel price increase has its direct effect on...
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ABHIJIT KULKARNI
| Argues in support of
"Do no support the price rise."
| 3 months ago
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the greed of people is increased by price hike.... people want more more.. Â human wants are unlimited but resources are limited... The ground reality is different from what we expect.... so no Price rise but better social balance should be the motto
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Omkar Kulkarni
| Argues in support of
"Do no support the price rise."
| 1 year ago
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It wont play any major impact on rich peoples & politicians , but common man will suffer
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Debate: "What will be the Effects of Fuel Price Hike to Different sectors, Common Man and Indian economy??" deleted from your view.
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(rate this)
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Yes, its better for long run
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4
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VS |
1
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It will further fuel the current inflationary trends
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Manish Lalla
| Argues in support of
"Yes, its better for long run"
| 1 year ago
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it is better for long run as every year govt used to pay about 75000 crores of rupees and note one thing petrol is not a basic thing we require so why to underpay for petrol...... today people waste petrol like nothing else...... they just want...
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Subhash Vishwakarma
| Argues in support of
"It will further fuel the current inflationary trends"
| 1 year ago
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since the common fa n facing so many problems such as domestic prices rises almost every month,and now the petrol price is rises by 3 rs its particularly burdens and make difficult to maintain normal life of common people. i dont know why...
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Debate: "De-regulation of oil prices - right economic move by Indian Government for the long run??? " deleted from your view.
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(rate this)
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why our government is not intrested in the development of Hybrid vehicles which is good for the environment insted of gasoline or diesel vehicles which makes rise in the atmospheric temperature ?
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Makrand Bhave
| Answered
| 1 year ago
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its not the question of interest. You will know a lot more if you read Carbon Credits and what kind of atmospheric levels of carbon do we have. With respect to that the decision of hybrid vehicles can be taken. Till such time you have not...
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Kailash Sharma
| Answered
| 1 year ago
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No Indian company so far has made a hybrid vehicle. Its high time that our government should encourage the manufacturing and usuage of hybrid cars in India. The government can even provide tax break to the people who imports hybrid cars. If the...
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Answer: "why our government is not intrested in the development of Hybrid vehicles which is good for the environment insted of..." deleted from your view.
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