Now Reading: LPG, CNG, airfares rise as festive season begins
-
01
LPG, CNG, airfares rise as festive season begins
Prices of commercial LPG, CNG, electronics and air travel have increased at the start of October, raising costs for consumers ahead of the festive season. ACs, TVs, refrigerators and washing machines have become 3 to 8 percent costlier.
The 19-kg commercial LPG cylinder has been hiked in several cities, though domestic LPG remains unchanged. CNG prices have risen in multiple Uttar Pradesh cities. IndiGo has increased fuel surcharge on domestic and international flights.
Companies attribute the price rises to higher raw material, freight and currency costs. The increase is expected to stretch household budgets during the festival period.
Indian Opinion Analysis
The price hikes hit essentials and discretionary goods together, squeezing budgets just as festival spending peaks. Commercial LPG and CNG increases will raise operating costs for small businesses and transport, which often pass the burden to consumers. IndiGo's fuel surcharge makes travel more expensive for families planning holiday trips. The government has not announced any intervention to ease the burden, leaving households to absorb the higher costs through the festive season.
Source: tv9hindi.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
