Manufacturing Cost Increase India: Rising energy costs have increased the concern of industries. The expensive industrial diesel has now given a new blow to the industries already struggling with the shortage of LPG. Due to the continuous increase in production costs, this will have a huge impact on many industries. Industrial diesel used to reach the industries directly instead of going to the pumps, which was Rs 10 cheaper than the retail outlets, but the government has now increased the problem for the industries by increasing it.

The oil company has increased the price of industrial diesel from Rs 90 to Rs 117 per liter. That means there was a huge increase of about Rs 27 per liter in one stroke. Companies are citing the rise in crude oil prices as the reason behind this.

• Price reached Rs 117 per liter


• The price was running at Rs 90

This increase will directly affect industry, transport and power generation costs, the impact of which may further reach the common man as well. Its biggest impact will be on those factories and industries which buy huge quantities of fuel for heavy machines.

Supply chain may be affected due to cost of transport

Because of this transport can become expensive. Due to this, the supply chain of a large amount of goods can be affected. Industry organizations say that running a business is becoming difficult due to continuously rising fuel prices. Their demand is that the government should take steps like tax cuts or subsidies to provide relief on energy costs.

If fuel prices continue to rise like this, it will affect inflation and common consumers may have to face expensive products. After LPG, the inflation of diesel has increased the challenge for the industries. If a solution is not found soon, it may impact production, employment and market stability.

More problems will increase

Already, entrepreneurs are troubled by the LPG crisis. Now the government has given a double blow by making industrial diesel expensive. This will not only affect the cost, but production will also reduce significantly. In such a situation, small industries will be locked. Unemployment will increase. The government should consider this.

• P. Mohan, MIA

Premium increased by 2.09 paisa

Those filling premium petrol have also suffered a big blow. The increased rates of the three companies are different. In this, the premium petrol of Indian Oil, which was earlier Rs 110.98, increased to Rs 113.07 per liter. Similarly, the premium of BPCL increased from Rs 111.02 to Rs 113.11 per liter and the premium of HPCL increased from Rs 111.63 to Rs 113.72 per liter.