Traders say fuel price hike would further increase retail prices of fruits and vegetables
The recent increase in fuel prices is expected to lead to higher retail prices for fruits and vegetables in the city. Wholesale traders at Koyambedu market have noted that transportation costs will likely rise, impacting the prices of essential commodities. Residents are already adjusting their budgets to cope with the anticipated increase in living costs.
- ▪Wholesale traders at Koyambedu market are concerned about rising transportation costs due to the fuel price hike.
- ▪Some vegetables are already seeing price increases, with expectations of further rises depending on transportation costs.
- ▪Residents are planning to cut spending on non-essential items to manage their budgets as food prices increase.
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The recent hike in fuel prices has raised concerns about a possible increase in vegetable and fruit prices in the city in the coming days, with wholesale traders at Koyambedu market noting that higher transportation costs could soon push up retail prices.With prices of some vegetables already rising due to reduced arrivals, wholesale traders said the recent fuel price hike could trigger a further rise in cost, depending on the transportation cost.Residents like Vasanthi Kannan of Kodambakkam said families were already planning to cut spending on travel and recreation to divert more budget towards essential needs.
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