Kolkata, the city of joy, is facing a challenge that might dampen the spirits of its residents. The prices of kerosene oil have been soaring higher every day, and it is impacting the daily lives of the locals. But, as they say, every challenge has an opportunity. In this article, we will look at how Kolkata is coping with the price hikes and ways to save money on kerosene oil.
Kolkata’s Kerosene Oil Prices on the Rise
Kolkata has been witnessing a surge in the prices of kerosene oil for the past few months. The price hike has been a matter of concern for the low-income families who rely on kerosene oil for their daily needs. The prices have gone up by almost 20% in the last three months, and it is expected to rise further in the coming months.
What’s Behind the Surge in Prices?
One of the primary reasons for the surge in kerosene oil prices is the rise in crude oil prices in the international market. India imports most of its crude oil, and any fluctuations in the international market affect the domestic prices. Another factor is the decrease in subsidies on kerosene oil by the government. The subsidy was reduced from Rs. 18.75 per litre to Rs. 12 per litre in 2020.
How Kerosene Oil is Used in Kolkata
Kerosene oil is commonly used in Kolkata for cooking and lighting purposes. It is also used as a fuel for transportation in some parts of the city. The low-income families who cannot afford LPG cylinders rely on kerosene oil for cooking. The price hike has made it difficult for them to manage their household expenses.
Effects of Price Hike on Low-Income Families
The price hike has impacted the low-income families the most. They are finding it challenging to manage their daily expenses as the price of kerosene oil has gone up significantly. Many of them have started using wood, charcoal, or other alternatives for cooking, which is not only unsafe but also environmentally hazardous.
Alternatives to Kerosene Oil in Kolkata
There are many alternatives to kerosene oil that can be used for cooking and lighting purposes. LPG cylinders are one of the most popular alternatives, but they are slightly expensive. Biogas, solar cookers, and electric stoves are some of the other options that are relatively cheaper and eco-friendly.
The Bright Side of Kerosene Oil Price Hike
The kerosene oil price hike has led to the promotion of alternative sources of energy, which are cleaner and more sustainable. It has also encouraged the low-income families to explore other options for cooking and lighting, which might improve their standard of living.
How Kolkata is Coping with the Price Hike
Kolkata is coping with the price hike in several ways. Many NGOs and government organizations are providing LPG cylinders to the low-income families at subsidized rates. The government is also promoting alternative sources of energy such as solar cookers and biogas plants. Some people have also started using electric stoves and LED bulbs for lighting purposes.
Tips to Save Money on Kerosene Oil in Kolkata
There are several ways to save money on kerosene oil in Kolkata. One of the most effective ways is to use it judiciously and not waste it. Another way is to explore alternative sources of energy that are cost-effective and eco-friendly. Switching to LED bulbs can also save money on lighting expenses.
Future Outlook for Kerosene Oil Prices in Kolkata
The future outlook for kerosene oil prices in Kolkata is not very promising. It is expected to rise further due to the increase in crude oil prices in the international market. The government is trying to reduce the dependency on kerosene oil by promoting alternative sources of energy.
Impact on Local Businesses and Economy
The kerosene oil price hike has impacted the local businesses that are dependent on it. Many small-scale industries that use kerosene oil as a fuel have been affected. The price hike has also impacted the economy as the low-income families are finding it difficult to manage their daily expenses.
What the Government is Doing to Address the Issue
The government is taking several measures to address the issue of kerosene oil price hike. It is promoting alternative sources of energy and providing subsidies on LPG cylinders to the low-income families. The government is also increasing the production of biofuels and investing in solar energy projects.
The Resilience of Kolkata Amidst Economic Challenges
Kolkata has always been a resilient city that has faced several economic challenges in the past. The kerosene oil price hike is just another challenge that Kolkata is facing, and it is coping with it effectively. The city is promoting alternative sources of energy and exploring new ways to save money on kerosene oil.
Kolkata might be facing a challenging time with the kerosene oil price hike, but it is not losing its spirit. The city is exploring new ways to save money on kerosene oil and promoting alternative sources of energy. With its resilience and determination, Kolkata will overcome this challenge and emerge as a more sustainable and eco-friendly city.