how is kerosene extracted from crude oil Farmington ut west stake provident living: paraffin & kerosene
Recently, there have been significant developments regarding the subsidy on kerosene oil in India. The government has taken a bold step by eliminating the subsidy on kerosene through small price hikes. This decision, aimed at reducing the burden on the exchequer, is expected to have far-reaching implications for the economy.
Impact on the Prices
The elimination of subsidy on kerosene oil has led to a gradual increase in its prices. While this may seem like an inconvenience to some, it is important to understand the rationale behind this move. The government has realized that subsidizing kerosene oil is not a sustainable solution in the long run. By removing the subsidy, the prices of kerosene oil are expected to be brought in line with the market rates.
This move is also expected to discourage the black market sale of kerosene oil. In the past, subsidized kerosene was often diverted to the black market, leading to significant revenue losses for the government. By eliminating the subsidy, the government aims to reduce such leakages and ensure that the benefits are received by the intended beneficiaries.
Alternative Energy Sources
The elimination of subsidy on kerosene oil also aligns with the government’s push towards renewable energy sources. With the focus on sustainable development and reducing carbon emissions, the government has been actively promoting the use of cleaner and more efficient energy sources.
As the prices of kerosene oil increase, consumers are likely to explore alternative energy sources. This includes solar energy, which has become increasingly affordable and accessible in recent years. Solar-powered lamps and cookstoves are gaining popularity, particularly in rural areas where the availability of electricity is limited.
The government is also encouraging the use of liquefied petroleum gas (LPG) as a cleaner alternative to kerosene oil. LPG is not only more environmentally friendly but also offers greater convenience to consumers. The Pradhan Mantri Ujjwala Yojana, a government scheme aimed at providing free LPG connections to poor households, has been instrumental in promoting the use of LPG.
Conclusion
The elimination of subsidy on kerosene oil is a significant step towards a more sustainable and cleaner energy future. While it may lead to a short-term increase in prices, it is expected to have long-term benefits for the economy and the environment. By encouraging the use of alternative energy sources and reducing leakages, the government is taking proactive measures to improve the lives of its citizens and create a greener future.
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