INCREASE IN OIL PRICES, CHANGE YOUR PUMP

Oil prices are increasing day by day, casting a shadow over the whole economy, driving up inflation, and eroding customer confidence.
The rise in the prices of fuel means more inflation, the strain on customers, and high transportation costs.
While international crude oil prices determine the cost of fuels in India, it is only one factor contributing to the rise in petrol and diesel, there are many other factors for hikes which are central and state government taxes, the war between two nations, etc.
The rise in fuel prices further increases the transportation cost, considering that every single commodity is transported by road at some stage, transportation costs are embedded everywhere into all products as hidden costs, indirectly the price of all products rises.
So, one big alternative for the country or for the whole economy would be to encourage alternative fuel, electric vehicles or casual bicycles, this will surely require more manpower but will save cost and pocket, alternative fuels are more cost-efficient, environment friendly, and health-friendly.
Government should implement measures to increase demand for alternative fuels, such as bicycles by providing free bicycle service, reducing battery charges, and increasing safety for bicycles on road. This will surely help the economy as a whole.

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