Fuel price hike: Bengaluru hoteliers feel the heat

Key Takeaways

• 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.
• Hotels 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.
• Almost everything they depend on, from vegetables, milk, meat and groceries to cooking supplies and even laundry materials, arrives through transport networks dependent on diesel.
• “Once fuel prices rise, transport charges go up, suppliers revise rates, and the pressure builds across the entire chain.