Perspectives
To manage high petrol prices without cutting taxes, India can adopt strategies like diversifying oil imports for better terms, enhancing refinery efficiency to lower production costs, promoting alternative fuels and EVs to reduce petrol demand, expanding strategic reserves for price stability, improving public transport, and monitoring markets to ensure fair pricing. Additionally, innovative approaches like promoting carpooling, using smart traffic systems, incentivizing fuel-efficient vehicles, developing a local biofuels industry, launching fuel conservation campaigns, and green urban planning can further reduce reliance on petrol, benefiting both the economy and the environment.