Summary:
“However, from January to August this year, the price of petrol and diesel has risen by 17.5 per cent. Valves and machinery components are the major exportable items manufactured in the district.These industries are suffering due to the rise in petroleum prices. The price of petrol and diesel has crossed Rs 82 and Rs 74 per litre in Hubballi, which is a commercial city of the state. Central excise was hiked 12 times in the last four years,” he said.Ladwa said since PU leather footwear industry depends on petroleum products, the price rise has affected the industry severely. Hubballi: The micro, small and medium scale industries ( MSMEs ) are finding it difficult to bear the skyrocketing fuel prices..