petrol price hike

7/27/2019 petrol price hike

1/30

PROJECT REPORT ON

IMPACT OF PETROL PRICE HIKE

ON TEENAGERS

BABA FARID COLLEGE

DEON, BATHINDA

SUBMITTED BY: -

KOMALPREET KAUR

(122261152)

NAVDEEP SINGH

(122261113)

NIMERDEEP SINGH

(122261115)

HIMANSHU JATANA

(122261160)


2/30

ACKNOWLEDGEMENT

We take this opportunity to express our profound gratitude & deep regards to our

faculty members for their exemplary guidance, monitoring & constant

encouragement throughout the course of this project. The blessing help & guidance

given by them time to time shall carry us a long way in the journey of life on

which we are about to embark.

We also take this opportunity to express a deep sense of gratitude to BABA

FARID COLLLEGE for their cordial support, valuable information & guidance,

which helped us in completing this task through various stages

We are obliged to faculty members of BABA FARID COLLEGE for the valuable

information provided by them in their respective fields. We are grateful for their

cooperation during the period of my assignment.

Lastly, we thank almighty, our parents & friends for their constant encouragement

without which this assignment would not be possible


3/30

DECLARATION

We hereby declare that the project work entitled IMAPACT OF PETROL PRICE

HIKE ON TEENAGERS is a record of an original work done by us under the

guidance of faculty member & this project work is submitted in the partial

fulfillment of the requirements for BBA. The results embodied in this report have

not been submitted to any other university or institute for the award of any degree

or diploma.


4/30


5/30

CHAPTER 1


6/30

INTRODUCTION

Petrol has become an indispensable part of our day-to-day life, and we cantimagine our life without it. But the petrol prices are sky rocketing, and it is

eventually going to affect each and everything that we use in our day to day life.Poor people are already working hard to earn square meal a day and this hike is

definitely going to paralyze these already-burdened people. Within three yearspetrol price has increased 10 times and is still increasing. It is nothing but adding

fuel to the fire. Petrol hike directly or indirectly affects all the major sectors like

transportation, textiles, auto, FMCG etc, for manufacturing &

transportation. This affects the prices of daily essential commodities which aretransported on a daily basis. Banking sector is also expected to suffer due to high

inflation level.Increase in fuel price will also increase in food price. This will have a more

severe impact on poor people because poor households spend more than half of

their income on food and only a tenth on fuel. It is a chain reaction once started

will affect all. Increase in petrol price will increase the transportation cost,increase in transportation cost will increase in price of goods, and this increase in

price of goods would gradually force the people to loosen their pockets evenmore, and so on like this, the chain will further propagate. These ups and downs

push more people into poverty and leading to a more pathetic situation of those

already poor. This has obviously sent shock waves to the common man who istrying hard to make both ends meet. Price hike affects only the low wages orfixed salaried middle class families as compared to higher wages salaried class.

The existing middle class is squeezed and many of those striving to attain themiddle-class standard find it persistently out of remit will bring no negative

impact on government employees as their DAs will be increase accordingly.Rich and corrupted people are least bothered of it. Business class like auto-


7/30

rickshaw drivers shall transfer the burden to common people so they are also

safe. Common people if doing business shall also pass the burden to customersand chain reactions. The community that suffers the most is the common people

or aam aadmi.

So what are we thinking? For the situation to get worse or are we waiting forsuch a heroic person wholl bring us out of this situation. No, we, the people arethe one to do something and control the situation. Stop blaming government and

think how to solve it. We Indians import oil from different countries. We donthave enough oil to meet our requirements. So we have to depend on import of

oil. If there is increase in international price then we have to bear price hike in

India also. Then value of rupee in comparison with dollar is becoming weaker in

international market. Increase in number of vehicles also causes hike in petrolprices. So the thing we can do is to reduce oil consumption by using public

transport for travelling to routine places like our office, markets etc. Use of highcapacity transport system like train, ships instead of trucks and carrier vans. Use

of cycles to go to nearby places instead of bikes or cars. Cutting off fuel supplyor switching the engine off when traffic is halted for long. Developing alternate

sources of energy like solar energy etc. Development of bio-diesel, andgovernment should allocate more funds for developing alternate sources of

energy as well as develop high capacity goods and public transport system. Atlast but not least I want to say petrol is a natural resource and limited in nature.

We have to use it judiciously so that our future generations can also use it, andthus lead to sustainable development. As someone has rightly said,

Natural resources are not something we inherit from our forefathers but

something we borrow from our children


8/30

We have collected historical Petrol prices in India since the year 2002. We cover

all the metro cities in India and have created a graph for each city - Delhi Petrol

price hike chart, Kolkata Petrol price hike chart, Mumbai Petrol price hike chart

and Chennai Petrol price hike chart. We hope that the graphs provide an insight on

the Petrol price increase.

DELHI PETROL PRICE HIKE CHART


9/30

CHENNAI PETROL PRICE HIKE CHART

KOLKATA PETROL PRICE HIKE CHART


10/30

MUMBAI PETROL PRICE HIKE CHART

From the above given charts of petrol price hike in four major metropolitan cities

we came to knew about their impact on teenagers in these cities. For further studies

a questionnaire was conducted to upgrade the analysis.


11/30


12/30

OBJECTIVES OF THE STUDY

TO STUDY THE IMPACT OF PRICE HIKE OF PETROL ONTEENAGERS

TO STUDY THE IMPACT ON ECONOMIC CONDITION WEATHERDETROYING OR NOT

TO STUDY THE EFFECT ON INDIVIDUALS DAILY ROUTINE ANDPOCKET MONEY

TO STUDY HOW TO CONTROL THE INCREASING PRICE OFPETROL

TO STUDY THE DEPLETION OF SOURCES FROM WHERE PETROLIS OBTAINED


13/30

CHAPTER 3


14/30

RESEARCH METHORODOLOGY

RESEARCH DESIGN :- DESCRIPTIVE RESEARCH DATA :- Both the primary as well as secondary data has been

used for the study

A questionnaire was used as a source of primary data and as secondary data

various newspapers were used in which TIMES OF INDIA was a main

source.

SAMPLINGSAMPLE UNIVERSE: - First year students of various trade in BABAFARID COLLEGE.

SAMPLE SIZE: - 20 students were approached to fill up the questionnaire.


15/30

CHAPTER 4


16/30

ANALYSIS

To which age category do you belong?

a) 13-15 b) 15-17 c) 17-19Response No. of respondents Percentage

13-15 4 20

15-17 4 20

17-19 12 60

Total 20 100

INTERPRETATION: - From the above figure we can see that more than

50% of the students are of the age group of 17-19. Both the other age groups

consist of 20% of the sample size of the study

20%

20%60%

AGE

13-15 15-17 17-19


17/30

2. Fuel mileage of your unit?

a) 30-40 b) 40-50 c)50-60Response No. of respondents Percentage

30-40 4 2040-50 9 45

50-60 7 35

Total 20 100

INTERPRETATION: - 45% of the sample size of the study has vehicles

giving average between 40-50 km/liter. 35% of the students are having

vehicles giving average between 50-60 & 20% of the students are having

vehicles giving average between 3

20%

45%

35%

FUEL MILEAGE OF THE UNIT

30-40 40-50 50-60


18/30

What is current average fuel expense monthly?

a) 300-500 b) 500-700 c) 700 and above

Response No. of respondents Percentage

300-500 6 30

500-700 4 20

700 and above 10 50

Total 20 100

INTERPRETATION: - 50% of the students are spending 700 and

above rupees as their monthly fuel expense. 30% of the students of the

sample size are spending 300-500 as their monthly fuel expense and

rest of the others are spending between 500-700 as their monthly fuel

expenditure.

30%

20%

50%

MONTHLY FUEL EXPENSE

300-500 500-700 700 AND ABOVE


19/30

What is the highest fuel price that you have seen recently?

a) 68.35 b) 72.15 c) 74.69


68.35 2 10

72.15 3 15

74.69 15 75

Total 20 100

INTERPRETATION:- 75% of the students have suffered from the highest

fuel price of 74.69 rupees per liter. This is because of the fact that in urban

areas price of petrol is comparatively high as compared to rural areas, thats

why rest of the students have seen less amount of petrol price.

10%

15%

75%

HIGHEST FUEL PRICE

68.35 72.15 74.69


20/30

If fuel price continue rising, would you consider expediting?

a) Yes b) No c) Sometimes


Yes 3 15

No 8 40

Sometimes 9 45

Total 20 100

INTERPRETATION:- 45% of the students have said that they will not

mind expediting weather fuel price or not because now a days it has

become a necessity of their life. While 40% are not so sure that weather

they will expend on it or not and rest of the students will cut of their

expenditure on petrol price if the price continue to rise.

15%

45%

40%

EFFECT ON EXPENDITURE

YES

NO

SOMETIMES


21/30

Does rise in petrol have affected your pocket money?

a) Yes b) No c) Sometimes


Yes 17 85

No 3 15

Sometimes 0 0

Total 20 100

INTERPRETATION:- 85% of the students have seen a massive impact

on their pocket money with rise in petrol but there are also some who

have no impact on their pocket money with rise in petrol prices and they

are only 15% in number.

85%

15%

EFFECT ON POCKET MONEY

YES

NO

SOMETIMES


22/30

DO YOUR PARENTS ALLOW YOU GO OUTSIDE WITHOUT ANY

REASON?

a) Yes b) No c) SometimesResponse No. of respondents Percentage

Yes 8 40

No 8 40

Sometimes 4 20

Total 20 100

INTERPRETATION:- There are equal number of students whose

parents with rise in petrol prices do not restrict them to go outside

without reason but the parents of same number of students do not

restrict them to go outside without any reason.

40%

40%

20%

PARENTS REACTION

ALWAYS NEVER SOMETIMES


23/30

IS THERE ANY ADVANTAGE OF RISE IN PETROL?

a) Yes b) No

Response No. of respondents PercentageYes 4 21

No 16 79

Total 20 100

INTERPRETATION:- 79% of the students think that there are no advantages of

rise in petrol price because it has affected their daily life very badly but there are

21% of the students who think that there are advantages of rise in petrol price with

a view point of decrease in pollution.

21%

79%

ADVANTAGES

YES NO


24/30

DO YOU THINK THAT CONTINOUS PRICE HIKE WOULD LEAD

DETIORATING ECONOMIC CONDITION?

a) Yes b) No


YES 11 55

NO 9 45

TOTAL 20 100

INTERPRETATION:- More than half of the sample students think that with the

rise in petrol price the economic condition is destroying. 45% of the students are

not in the favor of this question.

55%

45%

EFFECT ON ECONOMIC CONDITION

YES NO


25/30

SUGGESTIONS

Today the world is in the race for taking the oil from the earth. Nowadays, oil level

is deciding one of the most powerful factors in deciding the strength of that

particular country. All of them want to suck the fuel from the earth without worryabout the future's life of our new generation. In my point of view, the people in

awareness are the main thing for what today's happening. So each and every man

from the earth should know about this basic knowledge about our Geographic

Nature.

Every one should.

1. Reduce their usage of petrol and diesel vehicle for the short distance.

2. Better to take a walk for this, it also for their health.

3. Try to mingle with our neighbors for traveling, it also give time to share your

feelings with them.

4. Don't encourage the children to go with bike for a shop, just tell his/her to go

with their friends it will increase their friends circle.

5. Gov. is the more responsibility for make awareness of their peoples by giving

Advertisement and announcements through Radios, TVs, Banners and posters.

6. It is responsible for both Gov. And the people to follow, no can blame the

opponent.7. Reduce usage of oil and save money, save earth.


26/30

LIMITATIONS

It was hard to find the various petrol price hike charts of differentmetropolitan cities.

As the youngsters were not aware of rise in petrol prices it caused hindrancein filling up the questionnaire.

It was difficult to prepare the questionnaire because all the questions werebased on youngsters.


27/30

CONCLUSION

Everything that happens is for a reason!! Try to understand the message behind it!!

We all know that resources are limited and now we think that its right time to

realize that we need an alternative!! An alternative that really reduces the usage ofpetrol in our daily routine. If not then the common man that is not really common

should think of a brilliant idea that can serve humanity. No doubt that our nation

has lots of intelligent minds, what people like the engineers and scientists should

do is to research for an alternative.

Fuel is the one energy used by all, irrespective of their status. But the full brunt

will be beard by none other than the teenagers who have to go to colleges or

schools or else do there daily routine workings. Indian economy is booming no

doubt, but it is not percolating up to the bottom line, that is the poor people. It willtake some more decades to reach there.

How the teenagers only may suffer due to the rise in petrol prices?

All round price rise including all items, petty or big

Others will ultimately recover the excess expenses for fuel price rise by taxing

their lower levels, for instance the CEO will recover the cost from the company.

The company will raise the prices of the products ultimately to be paid by theconsumers, most of which will be teenagers

A sales man will recover the excess amount TA Bill. Ultimately company pays

and again situation as above. Salary earners will get enhanced DA.


28/30

Now, the teenagers may not recover from none they are more in number, say, 55

percent of the population. They are the ultimate victim. All this is briefly explained

by the following figure.


29/30

BIBLOGRAPHY

http://www.mypetrolprice.com/petrol-price-chart.aspx TIMES OF INDIA dated:- 16 April, 2013


30/30

ANNEXURE

petrol price hike

Documents