Few individuals believe that an increment in the rates of fuel is the best way to overcome traffic jams and pollution. This essay contradicts the statement because of rising inflation and due to the negative impact on the economy.
The primary reason behind this is the augmentation in expansion. To elaborate it, arise in the price of petrol can cause a rudimentary impact over the country. In addition, step-up in costs of gasoline will also effect in increasing charges of other products. For instance, Russia was the sender of gas in India but due to the higher expense of petrol, it gave a rise to other products which cause inflation. Thus, it is considered as a way to increase inflation in the market.
Moving ahead, one of the main underlying reason beside the statement is adverse impact on financial resources. In briefly, inhabitants who are below the poverty line would not be able to take the merits of the fuel system. For example, in India, poor people are not able to purchase high efficiency fuels, which will not give a rise to the economy of the country. Although it will be only used by rich people, which depict some side effects on financial system of the nation.
In conclusion, the problem of traffic jams and pollution can be overcome by using other effective methods because an upward trend in the rate of fossil fuels will be give an rise to extension and may also reduce the financial management of a state.