Oil price hike has no effect on car owners in IT hub

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Bangalore, Aug 20 (UNI) The steep hike in the prices of petroleum products had not affected car ownership in the city with four wheeler owners saying it was more convenient than taking trouble in travelling in public transport system.

A survey conducted by Biodiversity Conservation India Ltd (BCIL) revealed that for car owners in the city, individual comfort and convenience was worth the burden of hike in the prices of petro products.

The report said the practice of car pooling was also the lowest in the city. Only about 12 per cent of the car owners were ready to pool their four wheelers with others, Mr Chandrashekar Hariharan, CEO of BCIL said.

He said BCIL had initiated the survey as a social corporate responsibility with an intention to sensitise the people about the need for contributing to the protection of environment.

The survey was compiled after interviewing 315 car users of different age and income groups, who use four wheelers for their routine work in all the four zones in the city.

Eleven per cent of the respondents spend more than Rs 5,000 per month on fuel, 30 per cent over Rs 4,000 and the rest over Rs 3,000.

The study also revealed that 30 per cent of the car owners do not wish to leave the comforts of their car and use metro service when it becomes operational in a few years time.

Consumption of oil and oil products was responsible for 57 per cent of the carbon emissions in the country and it was growing at six per cent per annum.


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