In recent times, increasing taxation is seen by the government on petroleum. Although, many individuals believe that such a step is inappropriate. I disagree with their view to a large extent. My position is further elaborated with reasons in examples.
Out of all the reason, the foremost argument to justify my stand is that as increasing pollution and concern of climate change, heavy taxation on petroleum products is necessary. This is due to excessive consumption by the public. If prices of petrol, diesel are high, people will consider using personal vehicle really and prefer travelling in public transportation.
In addition to this, by taking such steps, it can be helpful in reducing the use of fuel powered vehicles. As most governments are promoting the use of alternate sources such as electric powered vehicle, due to heavy taxes and increase prices of of fuel, people would consider moving towards electric vehicles. Which would also assist in reducing the carbon footprint worldwide.
However, on the contrary, it can be stated that search and implementation should lead to inflation of prices of all products. Every other service or product is linked to petroleum one way or another. For example, almost all products and services require transportation, why prices of fuel would increase, it would also led to increase in transportation cost, eventually increasing the overall price of the product.
Thus, to conclude the discussion it can be commented that despite the fact that prices would increase, I believe increasing taxation on petroleum products would be beneficial in long term and is a more rational approach.
In recent times,
increasing
taxation is
seen
by the
government
on
petroleum
.
Although
,
many
individuals believe that such a step is inappropriate. I disagree with their view to a large extent. My position is
further
elaborated with reasons in examples.
Out of all the reason, the foremost argument to justify my stand is that as
increasing
pollution and concern of climate
change
, heavy taxation on
petroleum
products
is necessary. This is due to excessive consumption by the public. If
prices
of petrol, diesel are high,
people
will consider using personal
vehicle
really
and prefer travelling in public transportation.
In addition
to this, by taking such steps, it can be helpful in reducing the
use
of fuel powered
vehicles
. As most
governments
are promoting the
use
of alternate sources such as electric powered
vehicle
, due to heavy taxes and
increase
prices
of of
fuel,
people
would consider moving towards electric
vehicles
.
Which
would
also
assist in reducing the carbon footprint worldwide.
However
,
on the contrary
, it can
be stated
that search and implementation should lead to inflation of
prices
of all
products
. Every other service or
product
is linked
to
petroleum
one way or another.
For example
, almost all
products
and services require transportation, why
prices
of fuel would
increase
, it would
also
led
to
increase
in transportation cost,
eventually
increasing
the
overall
price
of the product.
Thus
,
to conclude
the discussion it can
be commented
that despite the fact that
prices
would
increase
, I believe
increasing
taxation on
petroleum
products
would be beneficial in long term and is a more rational approach.