Petrol, diesel price hike may trigger chain reaction across economy, say experts
- Posted on May 16, 2026
- By Business News Today
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- 1 min read
Petrol, diesel price hike may trigger chain reaction across economy, say experts
Rising petrol and diesel prices are poised to escalate India's retail inflation, with economists forecasting a significant ripple effect on household expenses. Analysts predict fuel price hikes could add 10-25 basis points to headline inflation, impacting transportation, logistics, and manufactured goods. This surge, coupled with increasing milk prices, is expected to strain consumer budgets further.
