Fuel prices hiked: Household essentials set to become costlier

NEW DELHI : Your daily consumption basket, including staples, packaged foods and household essentials, could become more expensive in the months ahead as rising fuel prices push up supply chain and input costs. The fuel price revision, amid the ongoing West Asia conflict, is expected to add fresh pressure on FMCG companies, prompting them to consider selective price hikes or grammage reductions, executives said.

The fuel rate hike is likely to increase freight, distribution and input costs, further straining margins of companies already grappling with 8-10% inflation.