Rising fuel cost pushes India Inc to hike prices

Rising fuel expenses are having a cascading effect on manufacturing costs across sectors, which is resulting in higher prices for the end consumer. On Thursday, RBI governor Shaktikanta Das also pointed out that rising fuel prices have a cost-push factor. According to auto companies and transporters, truck rentals have gone up 10-12% in the last two months and most companies are currently negotiating freight rates. Some like MG Motor said they plan to take a price hike too...
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