The new price hike on commercial LPG cylinders announced by the Centre is surely going to hit foodies in a big way. As a consequence of the move, various foods right from Hyderabadi dum biryani to your Irani chai are going to get costlier.
Also, to add to the woes of people, the increase in fuel prices and hike in the cost of other food materials such as wheat, oil, and vegetables is going to burn a hole in the pockets. Due to the pandemic and rising fuel prices, the increase has already impacted the hotel and restaurant industry in the last two years. And now, there is more pressure on hoteliers, both big and small, to increase their prices by 10-15 percent in the coming future.
Incidentally, the prices at restaurants and eateries have already gone up by 10 percent once they opened the shop after the pandemic. From their side, the restaurant owners say they have been trying to cut corners to keep the customer happy but add that the increase in fuel prices is forcing them to up the prices by 10-15 percent.
They say there has been an average increase of 25 percent in the prices of different food products, and so they have no choice than passing on the burden to the customers. They add that people can expect a further increase of 10-15 percent in the coming days.
Inflation is inevitable feel top hoteliers as oil prices have increased by Rs 1000 a tin, and commercial LPG cylinders now cost Rs 670 more.