Fuel price hike: Bengaluru hoteliers feel the heat
Bengaluru hoteliers are facing significant challenges due to a recent hike in fuel prices, which has occurred three times in just ten days. The cumulative increase of ₹4.8 per litre for petrol and diesel is straining the hotel industry, already burdened by high LPG cylinder prices and supply shortages. If fuel prices continue to rise, it is expected to lead to increased retail prices and affect consumer spending.
- ▪The hotel industry in Bengaluru is struggling with rising fuel prices and high commercial LPG cylinder costs.
- ▪Since May 15, fuel prices have increased by ₹4.8 per litre due to three consecutive hikes.
- ▪Hoteliers warn that continued fuel price increases will inevitably lead to higher retail prices and inflation.
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The latest hike in petrol and diesel prices — the third increase within just 10 days — is expected to soon hit sectors dependent on transportation and logistics, with the hotel industry in Bengaluru warning that businesses are running out of room to absorb rising costs without eventually pushing prices up for consumers.Since May 15, fuel prices have cumulatively increased by ₹4.8 per litre via three back-to-back hikes. Fuel price hike: Petrol in Bengaluru at ₹108.09, diesel at ₹95.99Hotels and restaurants said the impact is harsher than ever as the industry is already struggling with high commercial LPG cylinder prices and continued shortage concerns.
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