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Chief Minister DK Shivakumar has expressed concern over the continuous rise in diesel prices, saying that the operating costs of transport companies are increasing as a result. He has indicated that a discussion may be held at the government level regarding the revision of bus fares as additional financial burden is being placed on the state's transport rules.
Amid growing concerns over rising oil prices in the country, sources said that an important Union Cabinet meeting will be held under the chairmanship of the Prime Minister this evening. There is a possibility of an important discussion on petrol, diesel and fuel prices. A decision can be taken in this meeting regarding the price burden on the people, the global crude oil market and the government's next steps.
Experts have warned that petrol and diesel prices are likely to rise by ₹8 to ₹10 soon amid instability in the international market. The fuel price hike is likely to impact the cost of living of the common man.
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