Poor Class People Research Articles

IMPACT OF PETROL PRICES ON CONSUMER CONSUMPTION DURING COVID-19

In present scenario petrol has become an indispensable part of our day to day life, and one cannot imagine his life without it. But the petrol prices are increasing vastly like sky rocketing, and it is going to affect each and everything in our life .Petrol prices are affecting various sectors like transportation,FMCG, Textiles etc, which in turn affects the prices of daily necessities. Increase in petrol price have more impact on poor and middle class people rather than high class people because they spend more than half of their income on food and only tenth part on fuel consumption. Hence it is important to study the impact of petrol prices on consumption of petrol by middle and poor class people. This study mainly emphasis on how the hike of petrol prices will affect the consumption of petrol by different kind of consumers during covid-19.