Manish’s Scribble Board

Succumbing to the global oil prices pressure, the central government announced a steep hike of Rs 5 for petrol, Rs 3 for diesel and Rs 50 for LPG. What next? protests and strikes and bound to follow, the only sufferers are the common people. For me the increase was inevitable, the global crude oil prices are more than $110 per gallon and the oil companies are facing loss of more than Rs 25 per litre of petrol. Petroleum Minister Deora wanted a Rs 10 hike but this steep hike was too risky.

Now what are the after-affects? Here at Hyderabad the autorickshaws went on strike, on that same day, the cabs were also in the same state. This situation hit the IT sector hardest as more than 80% of cabs are used for IT companies ( according to The Hindu ). We missed our office on Friday as our guest house was too far off. I had thought of staying till late night but had to leave before midnight. The cab owners have called off their strike ( they were on strike for VAT issue, not fuels ) . Autos are going on complete strike from sunday as the newspaper says. Hard time next, as we out flat is 7 kms from office after shifting.

Instead of protesting against the fuel hike, we should try to save it as much as we can, use public transport as much as possible, use fuel sensibly. If the price is not hiked, the oil companies will run out of cash to import and then we will face power crisis which will be too disastrous for this developing nation. Even this growing crude oil demand should go down since demand-supply equation is responsible for such sky-rocketing prices.

Sorry for the Bad English! I cant help

This entry was posted on Saturday, June 7th, 2008 at 5:37 pm and is filed under News, Personal, internship.