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HindustanTimes Wed,22 Oct 2014

Lucknow : Gas price hike adds fuel to inflation fire

HT Correspondent, Hindustan Times  Lucknow, July 02, 2013
First Published: 14:28 IST(2/7/2013) | Last Updated: 14:31 IST(2/7/2013)

The first day of a month usually brings salary and smiles to people. But July 1 saw soaring prices of essential commodities burning holes in the aam aadmi’s pocket.

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With consumers barely able to come to terms with the recent fuel price hike, the increased rates of CNG and LPG added fuel to the inflation fire.
From Monday, CNG was dearer by R3.45 per kg (to cost R46.93 per kg now).

This increase will automatically push auto, tempo and city bus fares. The subsidised LPG cylinder became costlier by R2.5 taking the new rate to R427 per cylinder.

Worse still, just a day after a R 3.24 hike in petrol, the prices of petrol and diesel underwent an un-announced increase of 20 paise and 22 paise respectively in Uttar Pradesh. Saturday’s increase in petrol price was the third in the month of June. The fuel price hike’s effect on prices of essential commodities has forced many households to reconsider their spending plans.

For 60-year- old, Shyam Mohan, stepping out of his home even for a small purchase would be like burning a hole in his pocket.

“With this increase in prices, my monthly budget is likely to shoot up by 40%. The worst part is I can’t even use a two-wheeler, as it is very unsafe for a senior citizen. I have to take out my car for covering even short distances,” said the resident of Mahanagar Extension.

The vegetable price hike spurred by floods in several parts of the state is also a burden on the common man. As a result, vendors and restaurants have also increased their rates.

A general argument put forward by residents is that why is there no decrease in prices of essential commodities when fuel prices are reduced.

“Prices go up constantly, but don’t come down. How long are we going to deal with this?” asked Nirupama, a housewife.


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