I don’t know how many people have asked me since I began writing here that if, in the future, petrol prices are lowered, should they consider buying a car? I’ve always thought it would be a good idea to get a car when you have enough money to do so, but I’m not sure I would have enough money in the future to get a car.
If a car is to be bought in the future, the car should be bought with the highest price ever offered.
The truth of the matter is that the money spent on petrol today is probably an overestimation. I think the truth is that petrol prices in pune are currently about the cheapest in India, but in the future, as I think a lot of you are aware, prices will rise dramatically. There are ways to reduce the cost of petrol, but we cannot do these things in the future.
People are already talking about how the petrol price in pune is too high, but that hasn’t stopped people from buying cars for the price of petrol today.
The high petrol prices in pune are a direct result of the demand for the sale of petrol-powered vehicles. The government in India is currently trying to restrict the sale of petrol-powered vehicles, as the market for these vehicles is growing rapidly. As a result, the government is giving the right to drive a petrol-powered vehicle a maximum of 10 km/hr, which will eventually lead to a ban. But since this is a temporary restriction, the actual cost of petrol will rise dramatically.
Last month in the US, the average price of a gallon of regular gasoline was $3.50. In India it will only be around $2.50. We estimate that this cut in petrol prices will increase consumption of petrol-powered cars in India by about 30 per cent.
While India’s petrol consumption is growing rapidly, the price of petrol is still low. In general, we expect petrol prices to rise over the next few years as the cut in the maximum speed limit will push most Indian motorists towards buying cars with petrol engines.
This cut in the maximum speed limit will drive cars such as petrol-powered cars into the hands of people who may drive over the limit with impunity. We estimate that this cut in petrol prices will increase consumption of petrol-powered cars in India by about 30 per cent. While the cut in petrol will help drivers conserve fuel, it will likely also push a large number of drivers to buy more expensive cars with petrol engines.
This isn’t a new thing. The Indian government has been cracking down on the price of petrol for years. In fact, they’ve been trying to reduce the price of petrol in India for over a decade. But it seems the government is finally willing to act, and have set a target of cutting the price of petrol in India by 15-20 per cent for the next 5 years.
The government of India has been cracking down on petrol prices, and now has a target to be able to cut the price of petrol by 15-20 per cent for the next 5 years. This may sound like a good idea to conserve fuel, but in fact it will push a large number of drivers to pay more for cars with petrol engines.