The continuing increase in the pump price of petrol and diesel has become a never-ending burden for the micro and small scale enterprises in particular, and the resultant increase in the input costs is hurting their already thinning margins, said P. Shashidhar, Administrator, KASSIA.
The
petrol and diesel prices have been revised upwards nine times in the last few
weeks,” he pointed out. “The latest hike by 80 paise a litre each, taking the
total increase in rates in the last 10 days to Rs 8.00 per litre, is escalating
problems for both the employer-industries as well as workers whose commutation
costs are rising and there is a demand from them to compensate them which is
simply not possible under the present circumstances. The government at the
state as well as the Centre should take into account the alarming situation
faced by the micro and small enterprises (MSE) sector and bring down the prices
immediately. Also, the time has come for the GST Council to include petrol and
diesel under GST, which could perhaps deliver a solution to this never-ending
hikes,” KASSIA suggested.
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