Most of the countries around the world are facing the problem of sky-rocketing prices of the public accommodation which is increasing year-on-year. Throughout this essay I will discuss all the relevant reason related to this drastic problem and at the end will also put forward some relevant solutions which will offer some help.
To begin with, there are many causes behind this prevalent problem such as the roof touching fuel price surge. Moreover, this is directly linked with the increase of the ticket pricing of the public transport. For Instance, Indian public transport specially buses are facing these problem, as the fuel pricing are constantly rising the ticket value is also equally rising. Furthermore, COVID-19 can also be taken as a major catalyst in the rising prices of the public transport as it is directly a lined with the surge in fuel value and inflammation. For example in India just after the COVID-19 pandemic there was a all-time high in fuel prices. Doubling to as high as 110 per Litre instead of 60 per Litre at that time. Additionally the competetion, every public transport is facing due to new coming private players such as old and Uber is also one among the major reason for the rising prices. For instance, a report suggest that the government had lost close to 50% of its customer since the inception of these companies, which thus proves this point after the covid disaster.
There can be many solution which could help in reducing the value initially such as promotion of green fuel in the first place and secondly introducing laws that limit the usage of fuel centric vehicles for public transport. As these would lower the dependence of the fuel cost, which would further result in lowering ticketing pricing. Moreover working with private players on shared profit model would also work very well. For instance, In countries like Monaco where the routes are of lesser kilometers are using these models to become profitable. At last a better approach where government formulate policies which favors less use of conventional fuel and promoting solar energy or other green fuel could be of greater impact.
To conclude, there are many relevant causes behind the exponential rise in public transport prices such as fuel surge or over
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dependencedependance on conventional options and obviously covid have had a disaster effect, etc. But they are all controllable by formulating better policies which promotes renewable source of energy.