PROJECT REPORT ON IMPACT OF PETROL PRICE HIKE ON TEENAGERS

BABA FARID COLLEGE DEON, BATHINDA SUBMITTED BY: KOMALPREET KAUR (122261152) NAVDEEP SINGH (122261113) NIMERDEEP SINGH (122261115) HIMANSHU JATANA (122261160)

ACKNOWLEDGEMENT

We take this opportunity to express our profound gratitude & deep regards to our faculty members for their exemplary guidance, monitoring & constant encouragement throughout the course of this project. The blessing help & guidance given by them time to time shall carry us a long way in the journey of life on which we are about to embark. We also take this opportunity to express a deep sense of gratitude to BABA FARID COLLLEGE for their cordial support, valuable information & guidance, which helped us in completing this task through various stages We are obliged to faculty members of BABA FARID COLLEGE for the valuable information provided by them in their respective fields. We are grateful for their cooperation during the period of my assignment. Lastly, we thank almighty, our parents & friends for their constant encouragement without which this assignment would not be possible

DECLARATION

We hereby declare that the project work entitled IMAPACT OF PETROL PRICE HIKE ON TEENAGERS is a record of an original work done by us under the guidance of faculty member & this project work is submitted in the partial fulfillment of the requirements for BBA. The results embodied in this report have not been submitted to any other university or institute for the award of any degree or diploma.

CONTENTS
SR. NO. 1. 2. 3. 4. 5. 6. 7. 8. 9. CHAPTERS CHAPTER 1 INTRODUCTION CHAPTER 2 OBJECTIVES CHAPTER 3 RESEARCH METHDOLOGY CHAPTER 4 ANALYSIS SUGGESTIONS LIMITATIONS CONCLUSION BIBLOGRAPHY ANNEXURE PAGE NO. 6 to 10 12 13 16 to 24 25 26 27-28 29 30

CHAPTER 1

INTRODUCTION
Petrol has become an indispensable part of our day-to-day life, and we cant imagine our life without it. But the petrol prices are sky rocketing, and it is eventually going to affect each and everything that we use in our day to day life. Poor people are already working hard to earn square meal a day and this hike is definitely going to paralyze these already-burdened people. Within three years petrol price has increased 10 times and is still increasing. It is nothing but adding fuel to the fire. Petrol hike directly or indirectly affects all the major sectors like transportation, textiles, auto, FMCG etc, for manufacturing & transportation. This affects the prices of daily essential commodities which are transported on a daily basis. Banking sector is also expected to suffer due to high inflation level. Increase in fuel price will also increase in food price. This will have a more severe impact on poor people because poor households spend more than half of their income on food and only a tenth on fuel. It is a chain reaction once started will affect all. Increase in petrol price will increase the transportation cost, increase in transportation cost will increase in price of goods, and this increase in price of goods would gradually force the people to loosen their pockets even more, and so on like this, the chain will further propagate. These ups and downs push more people into poverty and leading to a more pathetic situation of those already poor. This has obviously sent shock waves to the common man who is trying hard to make both ends meet. Price hike affects only the low wages or fixed salaried middle class families as compared to higher wages salaried class. The existing middle class is squeezed and many of those striving to attain the middle-class standard find it persistently out of remit will bring no negative impact on government employees as their DAs will be increase accordingly. Rich and corrupted people are least bothered of it. Business class like auto-

rickshaw drivers shall transfer the burden to common people so they are also safe. Common people if doing business shall also pass the burden to customers and chain reactions. The community that suffers the most is the common people or aam aadmi. So what are we thinking? For the situation to get worse or are we waiting for such a heroic person wholl bring us out of this situation. No, we, the people are the one to do something and control the situation. Stop blaming government and think how to solve it. We Indians import oil from different countries. We dont have enough oil to meet our requirements. So we have to depend on import of oil. If there is increase in international price then we have to bear price hike in India also. Then value of rupee in comparison with dollar is becoming weaker in international market. Increase in number of vehicles also causes hike in petrol prices. So the thing we can do is to reduce oil consumption by using public transport for travelling to routine places like our office, markets etc. Use of high capacity transport system like train, ships instead of trucks and carrier vans. Use of cycles to go to nearby places instead of bikes or cars. Cutting off fuel supply or switching the engine off when traffic is halted for long. Developing alternate sources of energy like solar energy etc. Development of bio-diesel, and government should allocate more funds for developing alternate sources of energy as well as develop high capacity goods and public transport system. At last but not least I want to say petrol is a natural resource and limited in nature. We have to use it judiciously so that our future generations can also use it, and thus lead to sustainable development. As someone has rightly said, Natural resources are not something we inherit from our forefathers but something we borrow from our children

We have collected historical Petrol prices in India since the year 2002. We cover all the metro cities in India and have created a graph for each city - Delhi Petrol price hike chart, Kolkata Petrol price hike chart, Mumbai Petrol price hike chart and Chennai Petrol price hike chart. We hope that the graphs provide an insight on the Petrol price increase.

DELHI PETROL PRICE HIKE CHART

CHENNAI PETROL PRICE HIKE CHART

KOLKATA PETROL PRICE HIKE CHART

MUMBAI PETROL PRICE HIKE CHART

From the above given charts of petrol price hike in four major metropolitan cities we came to knew about their impact on teenagers in these cities. For further studies a questionnaire was conducted to upgrade the analysis.

CHAPTER 2

OBJECTIVES OF THE STUDY TO STUDY THE IMPACT OF PRICE HIKE OF PETROL ON

TEENAGERS TO STUDY THE IMPACT ON ECONOMIC CONDITION WEATHER DETROYING OR NOT TO STUDY THE EFFECT ON INDIVIDUALS DAILY ROUTINE AND POCKET MONEY TO STUDY HOW TO CONTROL THE INCREASING PRICE OF PETROL TO STUDY THE DEPLETION OF SOURCES FROM WHERE PETROL IS OBTAINED

CHAPTER 3

RESEARCH METHORODOLOGY RESEARCH DESIGN :- DESCRIPTIVE RESEARCH DATA :- Both the primary as well as secondary data has been used for the study A questionnaire was used as a source of primary data and as secondary data various newspapers were used in which TIMES OF INDIA was a main source. SAMPLING SAMPLE UNIVERSE: - First year students of various trade in BABA FARID COLLEGE. SAMPLE SIZE: - 20 students were approached to fill up the questionnaire.

CHAPTER 4

ANALYSIS
To which age category do you belong? a) 13-15 Response 13-15 15-17 17-19 Total b) 15-17 No. of respondents 4 4 12 20 c) 17-19 Percentage 20 20 60 100

AGE
13-15 15-17 17-19

20%

60%

20%

INTERPRETATION: - From the above figure we can see that more than 50% of the students are of the age group of 17-19. Both the other age groups consist of 20% of the sample size of the study

2. Fuel mileage of your unit? a) 30-40 b) 40-50 Response 30-40 40-50 50-60 Total

c)50-60 Percentage 20 45 35 100

No. of respondents 4 9 7 20

FUEL MILEAGE OF THE UNIT

30-40 40-50 50-60

20% 35%

45%

INTERPRETATION: - 45% of the sample size of the study has vehicles giving average between 40-50 km/liter. 35% of the students are having vehicles giving average between 50-60 & 20% of the students are having vehicles giving average between 3

What is current average fuel expense monthly? a) 300-500 b) 500-700 c) 700 and above

Response 300-500 500-700 700 and above Total

No. of respondents 6 4 10 20

Percentage 30 20 50 100

MONTHLY FUEL EXPENSE

300-500 500-700 700 AND ABOVE

30% 50%

20%

INTERPRETATION: - 50% of the students are spending 700 and above rupees as their monthly fuel expense. 30% of the students of the sample size are spending 300-500 as their monthly fuel expense and rest of the others are spending between 500-700 as their monthly fuel expenditure.

What is the highest fuel price that you have seen recently? a) 68.35 b) 72.15 c) 74.69

Response 68.35 72.15 74.69 Total

No. of respondents 2 3 15 20

Percentage 10 15 75 100

HIGHEST FUEL PRICE

68.35 72.15 74.69

10% 15%

75%

INTERPRETATION:- 75% of the students have suffered from the highest fuel price of 74.69 rupees per liter. This is because of the fact that in urban areas price of petrol is comparatively high as compared to rural areas, thats why rest of the students have seen less amount of petrol price.

If fuel price continue rising, would you consider expediting? a) Yes b) No c) Sometimes

Response Yes No Sometimes Total

No. of respondents 3 8 9 20

Percentage 15 40 45 100

EFFECT ON EXPENDITURE

15%

40%

YES NO SOMETIMES 45%

INTERPRETATION:- 45% of the students have said that they will not mind expediting weather fuel price or not because now a days it has become a necessity of their life. While 40% are not so sure that weather they will expend on it or not and rest of the students will cut of their expenditure on petrol price if the price continue to rise.

Does rise in petrol have affected your pocket money? a) Yes b) No c) Sometimes

Response Yes No Sometimes Total

No. of respondents 17 3 0 20

Percentage 85 15 0 100

EFFECT ON POCKET MONEY

15%

YES NO SOMETIMES

85%

INTERPRETATION:- 85% of the students have seen a massive impact on their pocket money with rise in petrol but there are also some who have no impact on their pocket money with rise in petrol prices and they are only 15% in number.

DO YOUR PARENTS ALLOW YOU GO OUTSIDE WITHOUT ANY REASON? a) Yes Response Yes No Sometimes Total b) No c) Sometimes No. of respondents 8 8 4 20 Percentage 40 40 20 100

PARENTS REACTION
ALWAYS NEVER SOMETIMES

20% 40%

40%

INTERPRETATION:- There are equal number of students whose parents with rise in petrol prices do not restrict them to go outside without reason but the parents of same number of students do not restrict them to go outside without any reason.

IS THERE ANY ADVANTAGE OF RISE IN PETROL? a) Yes b) No

Response Yes No Total

No. of respondents 4 16 20

Percentage 21 79 100

ADVANTAGES
YES NO

21%

79%

INTERPRETATION:- 79% of the students think that there are no advantages of rise in petrol price because it has affected their daily life very badly but there are 21% of the students who think that there are advantages of rise in petrol price with a view point of decrease in pollution.

DO YOU THINK THAT CONTINOUS PRICE HIKE WOULD LEAD DETIORATING ECONOMIC CONDITION? a) Yes b) No

Response YES NO TOTAL

No. of respondents 11 9 20

Percentage 55 45 100

EFFECT ON ECONOMIC CONDITION

YES NO

45% 55%

INTERPRETATION:- More than half of the sample students think that with the rise in petrol price the economic condition is destroying. 45% of the students are not in the favor of this question.

SUGGESTIONS Today the world is in the race for taking the oil from the earth. Nowadays, oil level is deciding one of the most powerful factors in deciding the strength of that particular country. All of them want to suck the fuel from the earth without worry about the future's life of our new generation. In my point of view, the people in awareness are the main thing for what today's happening. So each and every man from the earth should know about this basic knowledge about our Geographic Nature. Every one should. 1. Reduce their usage of petrol and diesel vehicle for the short distance. 2. Better to take a walk for this, it also for their health. 3. Try to mingle with our neighbors for traveling, it also give time to share your feelings with them. 4. Don't encourage the children to go with bike for a shop, just tell his/her to go with their friends it will increase their friends circle. 5. Gov. is the more responsibility for make awareness of their peoples by giving Advertisement and announcements through Radios, TVs, Banners and posters. 6. It is responsible for both Gov. And the people to follow, no can blame the opponent. 7. Reduce usage of oil and save money, save earth.

LIMITATIONS It was hard to find the various petrol price hike charts of different metropolitan cities. As the youngsters were not aware of rise in petrol prices it caused hindrance in filling up the questionnaire. It was difficult to prepare the questionnaire because all the questions were based on youngsters.

CONCLUSION Everything that happens is for a reason!! Try to understand the message behind it!! We all know that resources are limited and now we think that its right time to realize that we need an alternative!! An alternative that really reduces the usage of petrol in our daily routine. If not then the common man that is not really common should think of a brilliant idea that can serve humanity. No doubt that our nation has lots of intelligent minds, what people like the engineers and scientists should do is to research for an alternative. Fuel is the one energy used by all, irrespective of their status. But the full brunt will be beard by none other than the teenagers who have to go to colleges or schools or else do there daily routine workings. Indian economy is booming no doubt, but it is not percolating up to the bottom line, that is the poor people. It will take some more decades to reach there. How the teenagers only may suffer due to the rise in petrol prices? All round price rise including all items, petty or big Others will ultimately recover the excess expenses for fuel price rise by taxing their lower levels, for instance the CEO will recover the cost from the company. The company will raise the prices of the products ultimately to be paid by the consumers, most of which will be teenagers A sales man will recover the excess amount TA Bill. Ultimately company pays and again situation as above. Salary earners will get enhanced DA.

Now, the teenagers may not recover from none they are more in number, say, 55 percent of the population. They are the ultimate victim. All this is briefly explained by the following figure.

BIBLOGRAPHY http://www.mypetrolprice.com/petrol-price-chart.aspx TIMES OF INDIA dated:- 16 April, 2013

ANNEXURE