What to do about the price rise of fuel

Why is petrol very very costly now? The price rise was kept on hold till the assembly election were over( in the beginning of the month)So that people are not enraged and will vote against those caused the rise. The international price was $ 109 per barrel during Dec 2011 and it is $134 per barrel now. And government has been shielding us from the steep rise. It was introducing price rise in small steps(by making small increases time to time). But now that elections are over, government shows no mercy on the public. Rise in petrol will cause increase in all commodities as they are brought by vehicles which need fuel to operate. Transport to work will be very costly and will burden the average Indian. The poor Indian is pushed  to lower levels of impoverishment. The average Indian after paying for high petrol,will  live in smaller homes, wear fewer variety of clothes and cut down on essential food items. He will not be able to save enough to send his children to better schools, and never be able to buy his own home. This is the state that Indian government has condemned him to.

Government is controlling the price of diesel, so that farm equipment will be kept running. And kitchen fuels like LPG are kept low by cash subsidies to the retailer. When diesel prices are kept low, rich people take advantage of it, by using it for their big luxury cars which run on diesel, and hence the subsidy does not reach the actual poor farmers for whom it was meant for.

Now petrol will cost 5 Rupees per litre more but the oil corporation says that it should be 7.72 Rupees  or more than 9 Rupees. And individual oil companies will determine the rate after approval from their parent company. Competition between companies is not going to lower the price of petrol.Price will climb higher and  is not going to come down.World oil market is influenced by global politics-- stopping of oil exports from Iran.We are part of global economy and have to bear the price rise.

Government is coming up with a profit sharing contract for oil-exploration fields. And ‘oil blocks’ will be auctioned for it on competitive basis. Thirteen contracts with different firms for ‘oil blocks’ were made after the 9^th round of new oil-exploration policy. There is hope that we won’t have to import all of our oil when we will  have several of our own oil fields. Believing in these policies can be hazardous, Indian government might hike oil prices higher than it is available outside as it pleases.And the poor people are at their mercy.Bio-fuel made from marine algae has been invented by our scientists, its an organic resource for it  is created by sunlight capturing algae which can be grown in large scale.Till its mass produced,let us go for battery-powered cars or solar powered vehicles. We can start believing in pedal power of the good old bicycles— an eco friendly companion.May be a battery powered cycle will be used in future.