By ETF Desk
The recent hike in diesel prices has sent shockwaves across Udupi, with local residents expressing concern over the escalating costs of daily essentials. The diesel price in Udupi has now touched Rs. 98.64 per liter, making it one of the highest in the region.
The increase in diesel prices is attributed to the ongoing global economic situation, which has led to a surge in crude oil prices. This, in turn, has resulted in a ripple effect on fuel prices across the country, including Udupi.
As a result, the residents of Udupi are facing a significant increase in transportation costs, which may have a cascading effect on the local economy. The situation is being closely monitored by local authorities, who are working to mitigate the impact of the price hike.
Source: Google News – Udupi.