Will Essential Goods price rise due to Diesel price hike?
The price of fuel has surpassed Rs.100 for the first time in tamil Nadu. As a result, key commodities such as rice and lentils are at risk of rising in price. petrol and gasoline prices are rising as a result of the central government's rise in excise duty and the state government's increase in value added tax. Even after the Corona curfew was lifted, gasoline and diesel prices continued to rise due to increased taxes.
As a result, diesel is being sold in tamil Nadu for the first time at Rs 100.61. Motorists and the general public were taken aback by this. Meanwhile, truck owners have increased freight truck rent by 20% for critical products such as grains, lentils, oil, wheat, vegetables, and sand. As a result, there's a chance that vital commodity prices will rise.
S. Yuvraj, a spokesperson for the All india Motor Transport Congress, stated, "The trucking industry has already been immobilised by the Corona curfew. Meanwhile, the cost of diesel is increasing. The price of a litre of diesel has now surpassed Rs.100. In a situation where we can't make up for the significant losses we've suffered, we've increased freight truck rental rates by 20%. Furthermore, we are advising on the necessity for the central government to put gasoline and diesel price hikes under GST and to strike as soon as possible."