the world is quickly running out of fuels. some people believe we should increase the petrol prices to control this issue .do you agree or disagree ?

We are running out of

fuel

owing to its increased consumption, according to some people one solution may be to raise the prices of

petrol

. I disagree to

this

pinion as it may affect people from low socioeconomic group. The escalation in the

price

of gasoline in order to reduce its consumption is not a good notion as it will primarily influence people with low income. As the

price

hike will be same for rich and poor, it will have a detrimental effect on the budget of low socioeconomic group. They may have to reduce the expenses on more important expenditures like education and health of children. As the prices of

petrol

is closely linked to other domestic consumer items like edible oils and food items, eventually it will result in a generalized

price

hike which is not feasible.

Therefore

, saving for

petrol

at the cost of health and education is not a useful bargain. The increased rates of

fuel

cannot be considered an isolated rise.

This

fuel

is used in factories and industries for the production of garments, sugar, salt and other basic amenities of life so their prices will

also

rise.

This

may result in generalized inflation and

then

government has to pay subsidization for the general public.

For example

, in the Iraq war, destruction of

petrol

reservoirs resulted in a sudden hike in

price

for

petrol

per barrel which almost affected the global economy.

Hence

, the increase in the value of

petrol

will practically make everything expensive. In conclusion, the increase in

petrol

price

to reduce its consumption is not a good option, governments should rather lay stress on the use of hybrid and other

fuel

efficient cars in order to conserve what we already have.