Although there exists no scientific survey or research work to find out how three hikes in the prices of petroleum and products in a matter of two months have affected the sales and consumption of these items, it is quite clear that these increases have led to reducing traffic load on Karachi’s thoroughfares in any significant or insignificant way.
The fast depleting foreign exchange reserves demand people conserve fuel and electricity in order to lessen the size of import bill which has now reached an unprecedented level and that too in the absence of sufficient stocks of dollar. Conserving energy is not less than a national cause which must be upheld and promoted in a meaningful manner. The situation also underscores the need for introduction of bicycle culture to help reduce our increasing dependence on petroleum and products. Bicycling is still the transportation mode of choice of up to 70 percent of the urban passenger trips in China, the world’s second largest economy.
Basit Ali (Karachi)
Copyright Business Recorder, 2022
The author is an independent researcher and alumnus of Quaid-i-Azam University, Islamabad. His research focuses on maritime affairs, geopolitics, international security, and emerging technologies.
Comments
Comments are closed for this article.