With the repetitive up scaling of petrol prices there is huge worry as it goes out of the reach of the common man. India being one of the heaviest gas guzzling nations with the oil & gas commodity directly influencing everything, currently fears the worst if the periodic price rises become a trend. Just a few months ago I remember filling up a tank at 55 Rs/litre. Nowadays I travel by buses, trains and hired taxi-cabs. Petrol being such an important commodity has entered a volatile region where the sudden change of petrol prices is expected and no reaction is expressed by the public.
The most affected complementary good i.e. the automobile sector has already started shifting focus on diesel variants in anticipation of further price rise. Consequentially transport becoming costlier and the chain reaction continues to increasing manufacturing costs and more expense borne by the consumers. There is no doubt that petrol is similar to blood for the Indian economy, but will this price rise lead to a transfusion of renewable energy sources which would also satisfy our regarding pollution, ecology and other green criteria? Is there a hidden benefit that it brings? or will it suffocate our rigid masses who are over dependent on commodities for daily activities?
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