While conceding that the fuel price hike was inevitable, industrialists here Saturday said the increase in the rates of diesel, kerosene and cooking gas will have inflationary pressure in the economy. The central government hiked the prices of diesel, kerosene and cooking gas respectively by Rs.3 per litre, Rs.2 per litre and Rs.50 per cylinder with effect from Friday midnight. \u201cIt was inevitable…prices had to be increased. It is not surprising. We all know that the costs of diesel, kerosene and cooking gas are much higher. How long can the government provide subsidy?\u201d Emami Limited director Manish Goenka told IANS. \u201cFor a common person, I understand the problem,\u201d he added. Shyam Steel director Lalit Beriwala said there will be inflationary pressure in the economy due to the price hike of diesel. \u201cDiesel price hike will have an impact on the industry. There will be more inflationary pressure. Logistic and transport costs will be increased because of the price hike,\u201d he said. Stating that the steel industry was passing through a bad time, Beriwala said the increase in logistic and transport costs will put steel makers in a more disadvantageous position. \u201cThe government cannot continue subsidy on petro products. It is economy\u2019s harsh reality. This was the government\u2019s very hard decision. It must have considered all options also,\u201d Patton Group of Companies managing director Sanjay Budhia said. He, however, said the price hike will have an inflationary pressure on entire commodity prices. \u201cTotal impact will be a sizeable one…reality is tough for the common man.\u201d <\/p>\n
\nFor More Updates, follow us on While conceding that the fuel price hike was inevitable, industrialists here Saturday said the increase in the rates of diesel, kerosene and cooking gas will have inflationary pressure in the economy. The central government hiked the prices of diesel, kerosene and cooking gas respectively by Rs.3 per litre, Rs.2 per litre and Rs.50 per cylinder […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12080","post","type-post","status-publish","format-standard"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/12080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=12080"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/12080\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=12080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=12080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=12080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Facebook\"](\"http:\/\/cms.nagalandpost.com\/newsimages\/PhotosCollection\/BKDWMJOIYQWKXUNDBKXF.png\")
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