Fuel conservation is as important as fuel production.
From Veerappa Moily
Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters.
There are people with vested interest who do not want us to reform our energy sector so that we remain dependent on imports. All reform moves are resisted. Bureaucrats are hesitant to take bold decisions.
I am not playing for any lobby. I am playing for national lobby. I will ignore lobby. Anybody has useful suggestion, they can give it to me. The history will speak about it.
By 2020, 50 percent of imports should be reduced, which should become 75 percent by 2025. By 2030, India should be energy independent.
We need to do more to conserve fuel or face tougher choices such as steep price increase or even quantitative restrictions.
I have written to Minister of State for Personnel, Public Grievances and Pensions, asking him to consider 'staggered office timings' for government offices, which will help in decongesting road traffic during peak hours.
India has large proven reserves of gas that remain unexploited.
If I can save 25 billion dollars in terms of reduction of import, I will be adding one percent to the GDP. By conserving the oil energy by the people, the GDP will become 5.5 percent, and this will change the economy of the country.
We as a nation have no choice but to conserve fuel to the best of our abilities or be prepared for harsh measures like steep price increase, if the need so arises.
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