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Amid unprecedented fuel shortage, Sri Lankans have ditched their fuel-dependent vehicles for bicycles, leading to an increased demand for two-wheeler amid short supply.

Sri Lankans look to cycle their way out of economic crisis

Thousands of Sri Lankans from lower to middle-class have started using cycles for work commute and grocery shopping, among other daily chores.&nbsp;

In the face of unprecedented fuel shortage amid a financial meltdown, Sri Lankans have ditched their fuel-dependent vehicles for the good-old bicycle leading to an increased demand for the two-wheeler amid short supply.
This transition not only helps them save money but also avoid long serpentine queues at fuel-filling stations.
&ldquo;We can't afford petrol or the time it takes in queues - staying in queues doesn't assure petrol either. Many people have switched to cycles &amp; public transport,&rdquo; said a Colombo resident while standing outside a cycle shop.
Thousands of Sri Lankans from lower to middle-class have started using cycles for everything from work commute to grocery shopping, among other daily chores. This as public transport has also come to a grinding halt.
With Sri Lanka&rsquo;s foreign reserves dwindling and the Ceylon Petroleum Corporation&mdash;a public company&mdash;$700 million in debt, the country has not been able to secure oil shipments in over two weeks. The fuel crisis has forced the government to shut schools, let government employees work from home, and restrict fuel to essential services only.
The next oil shipment is reportedly expected to arrive by July 22.
As a consequence, the demand for bikes on Colombo's streets has rocketed even as stocks are limited. This imbalance in demand and supply has led to an exorbitant rise in the prices of new and used machines. In some cases, the prices have more than doubled.
Even spare parts and bicycle accessories such as helmets and locks are in short supply.
The shortage pertains to a cap on new supplies put in place by authorities who have restricted imports to basic necessities to conserve the country&rsquo;s shrinking foreign exchange. &nbsp;
Also watch: <a href="https://www.editorji.com/world-news/rajapaksas-the-rulers-and-wreckers-of-sri-lanka-1657518522651" target="_blank">Rajapaksas: the rulers and wreckers of Sri Lanka</a>
The economic crisis developed after the COVID-19 pandemic hammered the tourism-reliant economy and slashed remittances from overseas workers. It was compounded by rising government debt, oil prices, and a ban on the import of chemical fertilisers last year as part of a sudden shift to organic farming that left the agriculture sector devastated.

Celebrated on June 3, World Bicycle Day highlights the benefits of riding a cycle, be it for the environment or for the health. 

World Bicycle Day 2022: Check out these 4 health benefits of cycling 

Celebrated on June 3, World Bicycle Day highlights the benefits of riding a cycle, be it for the environment or for the health.&nbsp;

World Bicycle Day is observed on June 3 every year. This day is celebrated to throw light on the benefits of using a cycle. It draws attention to how a cycle is not only a sustainable means of transport but is also good for the health. &nbsp;
A bicycle is a great way to build your stamina and boost your health. So, read on to know some reasons why cycling is great for your health!&nbsp;
Also watch:&nbsp;<a href="https://www.editorji.com/lifestyle-news/health/world-no-tobacco-day-2022-know-how-tobacco-not-only-harms-your-health-but-also-the-environment-1653970093524">World No Tobacco Day 2022: Know how tobacco not only harms your health but also the environment</a>
Promotes weight loss&nbsp;
Cycling helps in burning a lot of calories, raising your metabolic rate and in building muscle&nbsp;and thereby helping you to shed those extra kilos with ease. &nbsp;
Reduces stress&nbsp;
Cycling while inhaling fresh air helps in reducing stress. It can significantly boost your mood and help you in feeling active and happy.&nbsp;
Helps in lowering blood pressure&nbsp;
A physical activity like cycling helps in controlling blood pressure. Cycling is beneficial for the cardiovascular system as a rigorous workout such as this one, significantly helps in reducing the risk of high blood pressure.&nbsp;
Also watch:&nbsp;<a href="https://www.editorji.com/lifestyle-news/global-day-of-parents-2022-four-fun-ways-to-celebrate-this-day-1654061337330">Global Day of Parents 2022: Four fun ways to celebrate this day</a>
Improves sleep cycle&nbsp;
Cycling involves a great deal of energy and strength which is bound to tire you out, thereby improving your sleep cycle. Cycling regularly, will help in increasing serotonin.&nbsp;

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