NEW DELHI — Balvinder Singh said it had been a long time since his taxi service turned a profit.

"First came Uber and Ola, then came demonetization," Singh said, "Then came GST and now fuel prices are killing us," he said.

With petrol and diesel prices hitting a record high across the country, Singh's earnings from his taxies have halved over the past few weeks. Of late, he's been forced to dip into his savings to make loan payments on his vehicles.

Singh is not alone; surging fuel prices have hit families and businesses across the country. On 11 September, petrol prices in Mumbai hit Rs 88.26 per liter. While food prices stayed in check, fuel inflation rose to 8.47% in August (compared with 7.96% in July) as per the Central Statistics Office. On 13 September, petrol prices in Delhi hit Rs 81 per liter.

Credit by - Huffpost

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