Why do we need to regulate the petrol price hike? Well, firstly let us analyze the situation where the price hike is taking place. Recently the Federal government had passed a regulation about the price hike in petrol. Why do we need to regulate the price of petrol? Basically it’s important that petrol prices reflect global rates.
Decontroling just on petrol and ignoring the rest of the oil market costs is to shift the global market towards smaller SUVs and larger diesel automobiles. It also permits full recovery of this lost cost burden by the oil producing companies and generously shares that burden with the petroleum marketing companies as well. There are many reasons for this. First, diesel is the most widely used motor fuel in the world. It accounts for 80% of the world’s crude oil consumption.
In a broader sense, it’s very important for the world economy to utilize this resource efficiently and so investing in diesel cars would allow the economy to grow at a faster rate. Moreover, it’s equally important to invest in new SUVs, which are generally more fuel efficient than their older siblings (petrol powered cars). In addition, the future demand for SUVs/Diesel cars/ trucks is certainly going to be huge. Therefore, there’s a positive correlation between the demand and the price of diesel as well. When demand exceeds supply, prices will naturally increase.
The price increase, however, can be prevented if there is a proper monitoring and control policy in place. The fundamental cause behind this is the excessive use of gasoline (petrol) on roads. Since gasoline is a petroleum resource, it’s used extensively. And since the government has implemented a nationwide fuel tax policy, which forces vehicles to use a certain percentage of fuel that comes from petroleum, the demand for diesel cars / trucks will drop considerably.
Therefore, if you are planning to purchase a new vehicle soon, then you should definitely invest in diesel cars. This not only ensures that you’ll get cheaper fuel efficiency but also that you’ll be able to save a lot of money on fuel. In fact, it’s strongly suggested that you look out for a diesel car sales proposal in the coming few months. This will help you take advantage of the increasing diesel prices so you can enjoy long-term benefits.
In the past, consumers were able to enjoy substantial savings on their fuel efficiency. However, due to the rise in petrol prices, more people are now becoming conscious about fuel efficiency. Moreover, the rise in diesel cars has also resulted in increased competition among auto manufacturers. As a result, these manufacturers have introduced some innovative technologies into their products to improve fuel efficiency and reduce the cost. Now, you can get your dream diesel car at a reasonable price and with maximum fuel efficiency. So make it a point to shop around for a good auto deal from today onwards.