petrol crisis in india

recently the governmonet has announced a hike in petrol price by 17 rs in india.Maharashtra is the worst affected state .oil price just reached 130 rs a barrel which is really very high.till now the government was providing the petrol on a subsidised rate.they were bearing the losses.but last year government had to bear the loss of 40k crores rs .now it has decided not to provide any subsidy in the petrol price.thus they are increasing the petrol proce by 17rs.
inflation is also growing at a tremendous rate.its around 7/8% now which is too high.it should be arround 5% for a normal growth.and after all these things if the government is increasing the oil prices it ll also shoot up the inflation rate.the common man will be worst affected by it.
i think the government should start realising tat it has to invent or discover some new alternate renewable resources to petrol so tat the oil crisis in india can besolved.recently it was known tat large amount of grains in USA were used for creating a renewable resource of energy from the wheat grains.they have still not disclosed the real thing but they are very much working on it and on large scale.i hope indians also find some soution to this problem and save the common man.