Household budget will be hit: Bangaloreans

The increase in fuel prices may also induce a hike in bus fares in Bangalore,  sources in KSRTC and BMTC say.

Deccan Herald spoke to a cross section of Bangaloreans about their reaction to the Centre’s decision.

Most people wonder why they were being subjected to such increases every now and then?

According to P Pavanashree, economics lecturer, Carmel College: “Actually, inflation between 3 and 4 per cent is required for the growth of economy every year. A hike between Rs 10 and Rs 20 would have been ideal. You can’t keep the price of one commodity constant and increase the prices of other articles. If the process of sharp hike continues, then it will push the country’s economy to a crisis.”

“Prices of grocery and essential commodities have already shot up. A further hike in  LPG price will be an additional burden to the monthly family budget. Home makers will have to experience more pressure and do some balancing act,” said Parvathi, a homemaker in Koramangala.

Parinda Kothari, also a home maker,  questioned: “How does the government expect people to put up with such price hikes every two months. Even if 10 people  work, they will still not be able to meet the basic needs of the family.”

Govindaiah, a motorist,  said there must be a check on fuel  prices. “If the price of fuel keeps increasing, how do you expect people to commute every day. The government needs to keep a check on it,” he said.