Impact of Fuel Price Hike on Everyday Costs in India
Petrol, diesel price hike impact: From milk, onions, Blinkit deliveries to Uber fares & others, here's all that may get costlier
The Economic Times
Image: The Economic Times
A recent increase of ₹3 per litre in petrol and diesel prices across India is expected to lead to higher costs for everyday items, including groceries, delivery services, and transportation fares. As fuel is integral to the supply chain, consumers may soon notice rising prices in various sectors, impacting household budgets significantly.
- 01The recent ₹3 per litre increase in fuel prices is likely to raise transportation costs for goods, affecting prices of perishable items like vegetables and milk.
- 02Delivery platforms such as Blinkit and Zomato may increase service fees in response to rising fuel costs, impacting urban consumers.
- 03Ride-hailing services like Uber and Ola could see fare hikes as drivers face higher fuel expenses, leading to increased costs for commuters.
- 04Air travel costs may rise due to increased Aviation Turbine Fuel (ATF) prices, which airlines may pass on to passengers through higher ticket prices.
- 05Farmers may experience increased operational costs due to higher diesel prices, potentially leading to higher food prices in local markets.
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The recent ₹3 per litre hike in petrol and diesel prices in India is expected to have a ripple effect on various sectors, significantly impacting household budgets. As diesel is essential for transporting goods, the increase will likely lead to higher prices for perishable items such as vegetables, fruits, and dairy products. Delivery services, including Blinkit, Swiggy, and Zomato, may respond by raising delivery fees or implementing surge pricing, making convenience more expensive for urban consumers. Similarly, ride-hailing services like Uber and Ola could see fare increases as drivers contend with higher fuel costs. In aviation, the cost of flights may rise due to higher Aviation Turbine Fuel (ATF) prices, which airlines may pass on to passengers, especially during peak travel seasons. Additionally, farmers relying on diesel for equipment and transportation may face increased operational costs, potentially leading to higher food prices in local markets. Overall, while the initial hike may seem minor, its cumulative effect on daily expenses can be significant.
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Consumers may face increased costs for groceries, delivery services, and transportation, affecting household budgets significantly.
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