The government’s decision to raise fuel prices has left the common man to reassign his monthly budget. An LPG cylinder would now cost Rs 3.50more; diesel and kerosene would cost Rs 2 and 3.50 respectively. This increase has taken serious toll on the common man who is already suffering because of the increase in food prices.
The government has also removed all controls on the price of petrol. Which means people will have to pay more for petrol whenever international crude prices go up. The hike in fuel prices is likely to affect the prices of essential commodities, with families already worrying about the immediate impact on their monthly budgets.
The cause of concern here is the upper and middle classes will manage but how the lower middle class will deal with it remains a question.
Saif Ahmed, 35, manager at Bose Electronics, rushed to the petrol pump as soon as his wife informed him about the increase in prices. He said, "Subsidies on basic items like petrol and cooking gas are crucial. The government should use tax money carefully. So much money is being used for the Commonwealth Games, but they will still cut into our budgets.'
Source :TOI
Photo : www.blog.taragana.com
