Ahead of the festive season, the surge in petrol rates has left consumers scrambling and cutting household expenses to adjust with the price hike, a survey said.
Ahead of the festive season, the surge in petrol rates has left consumers scrambling and cutting household expenses to adjust with the price hike, a survey said. "The festive season is nearing. Everyone wants to spend on gifts and do those much-awaited upgrades of the home appliances. But the roof-touching fuel prices have put a dent in the pre-festive season spirit," citizen engagement platform LocalCircles said in its latest survey.
"It is a big burden on the middle-class Indians and many of them are scrambling and cutting household expenses to adjust with the rising fuel prices," it said.
78 per cent households have plans to reduce or have already reduced their discretionary spending like eating out, leisure travel, movies, shopping etc, the survey said.
The rest said that they will restrict their expenses by spending only on purchase of the basic items.
Fuel prices are skyrocketing since the past few days and it once again witnessed the hike on Monday morning. The rising prices of petrol and diesel every day have burnt a hole in the pockets of consumers. In New Delhi, petrol is now being sold at Rs Rs 82.06 per litre (increased by Rs 0.15 per litre), while the price of diesel has been hiked by Rs 0.6 per litre to Rs 73.78 per litre.
On the other hand, the price of petrol rose to Rs 89.44 per litre in Mumbai, while diesel is being sold at Rs 78.33 per litre.
The continuous hike in the fuel price is being witnessed from the past few days, causing much trouble for the common people.
The Union Government has also been facing flak in the past few weeks for not implementing stringent measures to curb prices.
Speaking about the soaring fuel price, Union Petroleum and Natural Gas Minister Dharmendra Pradhan earlier said that the hike in fuel price in the country is due to international factors, and not under the Centre's control.
(With inputs from agencies)
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 "Constant rise in petrol prices dents festive spirit: Survey")
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