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Fuel prices are touching new heights every day and the only method to save your money is to change your motoring habits. Money saved is money earned. Take care of a few tips to save fuel. Here are listed some of them to help you:

1. Tire pressure: Tire pressure of your car affects the use of gasoline. Tires should be properly inflated. Check the pressure every month and inflate the tires whenever needed. Digital gauge can be used to read the pressure and can be kept in glove compartment. When shopping for new tires, get large diameter tires for rear wheels.

2. Right Oil: Right oil should be used for the car. It should be changed after every 30,000miles. Right oil means car is doing right. Check the grade of oil that is recommended by the manufacturer.

3. Car parking: Parking place should be chosen with care. A shaded area during summer will prevent excess hot inside. Car should be placed in garage when not in use. Avoid too hot or too cold conditions for the vehicle. Also park in way you can later begin to travel in the forward gear. Avoid reverse gear.

4. Spark plug: Engine should be kept in tune. Spark plug should be checked as needed. It will boost your gas mileage by around 4-5 %. The spark plugs should not work below the required efficiency as this may lower your car’s fuel efficiency approximately up to 30 percent.

5. Engine warm-up: Avoid prolonged warming up of engine, even on cold mornings. 30 to 45 seconds is enough. Also disengage the automatic choke after engine warm up. Chokes often get stuck, resulting in bad gas/air mixture.

6. Location evaluation: Evaluate the target location before leaving. Shortest way is not necessarily the quickest. Consider stop signs, stop lights, and traffic density when mapping out your travel route to save gas.

7. Driving habits: Driving habits effects a lot on the gas saved by you. If driving is efficient it could be environment friendly as well as result into saving a good amount of fuel. For efficient driving tips visit http://www.inewsindia.com/2008/08/07/efficient-driving-tips-an-eco-friendly-drive/

Tags: Car parking, Digital Gauge, Driving habits, Engine warm-up, Fuel, Fuel Prices, Gas, Gas Saving, Gasoline, Location evaluation, Right Oil, Save Fuel, Saving Tips, Spark plug, Tire Pressure

The International Monetary Fund (IMF) warned that India needs to tighten its monetary policy to maintain the economic stability amid surging fuel prices and souring inflation rate. The impact of the later is not so big but the need of the hour is to stress on monetary policies and plans to be able to feed their people properly.

IMF Managing Director Dominique Strauss-Kahn at the release of a new IMF study said, “If food prices rise further and oil prices stay the same, some governments will no longer be able to feed their people and at the same time maintain stability in their economies.”

The latest IMF study says that the effect of price hike is most acute for import-dependent poor and middle-income countries confronted by balance of payments problems, higher inflation and worsening poverty.

Kahn said, “Some countries are at a tipping point.” Kahn said such countries needed help from the international community for good policy options.  “Their challenge is ours. It is to ensure adequate food supplies while preserving the poverty-reducing benefits derived in recent years from faster growth, low inflation, and better budget and balance of payments positions,” he added.

Kalpana Kochhar, senior advisor in the Asia Pacific Department of the fund said, “India is a large country and it has USD 312 billions in reserves. The fact that you had a near doubling of oil prices over a period of year is going to impact the current account and you are seeing it.”

“You would not have seen Indian highlighted…. The impacts are big but not so big. There are positive inflows and the results are still large,” she added.

IMF study revealed that India is also struggling with the global problem of inflation and fuel price hike but the effect of these problems can be reduced by only changing the monetary policies and strong economic plans.

Tags: Economic Stability, Fuel Prices, IMF, India, inflation rate, International Monetary Fund