Ludhiana: Hike in petrol, diesel prices ignites fear of household budget crunch
Ludhiana, May 16 -- The latest hike in petrol and diesel prices, effective from Friday, has triggered concern among commuters and middle-class families in Ludhiana, with transport operators warning of an increase infreight charges and consumers expressing worry over rising household expenses.
Officials said state-run oil companies have increased petrol prices by Rs.3 per litre and diesel by Rs.2.94 per litre, while private player Reliance has reportedly raised fuel prices by nearly Rs.5 per litre.
An official associated with the petroleum sector said the increase is expected to impact the market at multiple levels as transportation costs directly affect prices of essential commodities and logistics operations.
Indian Oil sales manager ...
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