Essay about oil price hike

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Essay about oil price hike

A rise in prices, economists say, is a sing of development and prosperity. But during the last two decades, prices of almost all the essential commodities have been increasing at an alarming rate. These soaring prices have caused great unrest and frustration among the people.

The people belonging to the middle class and the salaried people are hit hard. All the more, the soaring prices have become a big threat and an open challenge to the government. It has shaken the faith of the people in the government.

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There is no let-up in the situation. Life has become very hard. Not to speak of rising prices, things of daily use are sometimes not available in the market.

Big businessmen hoard things and sell these in black. Adulteration of eatables is a big health hazard. Sometimes, there is no sugar, no kerosene oil, no cooking gas, nothing.

The rise of oil prices essays During the mid 's we experienced an energy crisis which more than quadrupled the price of oil in the U.S. The outrageous oil prices resulted in long lines at the gas pump, increases in airline tickets, and steep increases in all goods that were deliverable. Aug 13,  · Oil Price Hike In The Philippines Essay. The Effects of Oil Price Hike to the Consumers in the Read this essay on The Effects of Oil Price Hike to the Consumers in the Philippines. Come browse our large digital warehouse of free sample essays. Get the knowledge you need in order to pass your classes and more. Gas prices increase has an influence on oil price increase. When there is a higher oil price rise and the higher prices are maintained, it will have significant macroeconomic influence on economy.

The prices of petrol, cooking gas, kerosene oil and several other items of daily use are increasing every year. Not only that, the railway fares, air fares and bus and taxi charges are also increasing regularly.

The rich make a display of their wealth while the poor find it difficult to make both their ends meet. Life has lost its charm for the average bread-winner.

Essay about oil price hike

The indiscriminate rise in prices of essential commodities has left many a people tense and helpless. No one can foresee what is in store for the common people. There are many causes of the unprecedented rise in prices.

Inflation, black marketing, hoaring, faulty credit system, over population and improper system of distribution are some of the major causes of hike in prices. The standard of living of the people has improved. People need more things than they needed earlier.

The increasing demand leads to hike in prices. Sometimes, natural factors like flood and drought also contribute to rise in prices. Much food is being wasted in the parties and marriages. Production of food is not in proportion with the increase in population.

Social evils also tax the common people badly. With the breaking of joint-family system, the cost of living has gone up. The purchasing power of the rupee is continuously falling. In the recent past, several scams have come to light that involve big amount said to have ben pocketed by the big-wigs of the country without any shame or remorse.

Several cases are pending in the courts. It is, however, feared that influential and moneyed people have the power to so circumvent the legal process in their favour that they go scot free. These huge amounts of black money produce a very bad effect on the economy of the country and lead to a rise in prices.

Price line is the life line of a nation. Blackmarketeers, hoarders and profiteers must be brought to book. Family Planning programmes should be stepped up to check over-population.

More fair-price shop should be opened in different localities. There should be an equitable distribution through the fair price shops. Shopkeepers should be directed to display the stock of essential commodities along with their prices.

Those people who buy things in the black market should be punished. Production of food should be increased.The article about the rising oil price indicates two main economic concepts: first, “the rule of supply and demand”, and second, that” human wants is insatiable. ” Oil is a natural resource and it is created by nature through thousands of years.

The rise of oil prices essays During the mid 's we experienced an energy crisis which more than quadrupled the price of oil in the U.S.

Essay about oil price hike

The outrageous oil prices resulted in long lines at the gas pump, increases in airline tickets, and steep increases in all goods that were deliverable. During the mid's, we experienced an energy crisis which more than quadrupled the price of oil in the U.S. The outrageous oil prices resulted in long lines at the gas pump, increases in airline tickets, and steep increases in all goods that were deliverable.

Price of Oil Essay. INDEPTH: OIL The price of oil - in context CBC News Online | April 18, Oil is sold in barrels - it's the same unit of measure used to sell whisky.

A barrel of oil - or whisky - . Aug 13,  · Oil Price Hike In The Philippines Essay. The Effects of Oil Price Hike to the Consumers in the Read this essay on The Effects of Oil Price Hike to the Consumers in the Philippines.

Come browse our large digital warehouse of free sample essays.

Inthe price of oil price been at its highest level since the mids, excluding the brief price spike at the end of The current price hike, if maintained for any significant length of time, is likely to essay the trend towards energy conservation and the shift from oil to other sources of . The possible negative effects of oil price hike in the Philippines are the steady increases in the price of fuel on the global market and because of the importance of fuel in the production, marketing, and especially to transportation of food products and the desire of every producer, consumers and to those people involve in using oil. Sep 11,  · Help me writing a report on pdf for students - essay oil price hike philippines September 11, / 0 Comments / in Uncategorized / by. I enjoy typing my essays in single space so it only looks like 2 pages but when i double space it, it's actualy 4 1/2 pages long.

Get the knowledge you need in order to pass your classes and more. Inthe price oil oil has been at its highest level since the mids, excluding the brief price spike crude the end of The current price hike, if price for essay significant length of time, is likely to accentuate the trend towards energy conservation and the shift from paper to other sources of energy, especially in sectors other than transport.

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