Recent steep price hike in fuel is forcing the prices of fruits, vegetables and packaged milk to rise. This price rise in turn started pinching the pockets of the people.
Earlier, the auto drivers used to take home enough money to take care of the family. But now as the price rise of fuels, take inflation in India to a crippling 15-month high, they have a dip of 40 percent of their earnings.
According to a report in Al-Jazeera, the auto drivers are unable to earn even Rs.9,000 now. Earlier they used to earn around Rs.15,000. Added to this situation, the government prohibits drivers from raising meter fares. Moreover, many commuters are switching to public transport to save their money.
The situation has worsened in the last 20-25 days. It not only fuel which has become expensive but vegetables, food, fruits and many more things.
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The fuel prices rose to 26 percent since March 22. due to the Russia-Ukraine war, the oil marketing companies raised the crude oil prices. This back-to-back price hikes has plunged into food and other essential items too. Especially, edible oil and wheat, among others, and has thrown household budgets out of order.
Since fuel is used for transporting all the goods across the country, the rise in prices is directly influencing the costs of other commodities and sectors as well. Consequently, prices of fruits, vegetables, packaged items like milk, coffee powder and instant noodles have risen.
The small and middle class business men are being very cautious to raise the prices as they fear to lose business.
The price rise of fuel started pinching the pockets of not only poor people but also small to middle-sized businesses in India. However, the government seems to be least bothered about it.
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