5 areas affected due to rising fuel prices - In pics

The rising fuel prices continue to upset the common man’s budget. Since April 2020, Petrol prices have increased by Rs 32.25 per litre from Rs 69.59 a litre to Rs 101.84 a litre now in Delhi. Similarly, diesel prices during the period has increased by Rs 27.58 per litre from Rs 62.29 to Rs 89.87 a litre in the national capital.

Oil marketing companies (OMC) have although pause fuel price revision for the tenth consecutive day on Monday, they stopped short of reducing the retail price of petrol and diesel. With no change in prices on Tuesday, in the national capital, petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre. The pump price of fuel has been static since July 18. It rose a day before that with petrol being revised upwards by 30 paisa per litre while diesel prices remained unchanged. In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on May 29, the fuel price is at Rs 107.83 per litre. Diesel prices in the city is also at Rs 97.45, the highest among metros. Here are 5 areas that have been affected due to rising fuel prices

Rising fuel prices cast a direct impact on your daily spending. If you were spending Rs 6,000 on monthly fuel consumption, you will be spending more on the same after fuel price hike.

Untamed fuel prices also lead to higher food and pulses prices, thereby stoking inflationary pressures.

Fertilizers prices shoot up due to rising fuel prices because petroleum or natural gas is required to manufacture fertilizers.

As energy prices go up, manufacturing prices also go up. The relation between manufacturing and fuel prices is very direct.

Higher fuel prices cast deep impact on the auto sector and may lead to the disruption of the auto market. Unbridled price hike of fuel makes customers wary of buying new vehicles.