• Lawrence Mathew

Abstract: The demand for petroleum products is an increasing function of the level of GDP growth rate. When the national income increases, the demand for petroleum products also increases. The Ratchet Effect with regards to the consumption of petroleum products are also studied in this paper. So, it is the due time to conserve the petroleum resources for our children or else they would have to suffer the consequences of our actions.

increasing demand for petroleum, the need for petroleum conservation, Ratchet effect.

"A Study On the Increasing Demand for Petroleum Products and the Need for Conserving Petroleum Products in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.596-602, June-2019, Available :http://www.jetir.org/papers/JETIR1907T57.pdf

"A Study On the Increasing Demand for Petroleum Products and the Need for Conserving Petroleum Products in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp596-602, June-2019, Available at : http://www.jetir.org/papers/JETIR1907T57.pdf