Here's how rising fuel prices could increase your mobile phone bills
There's no denying the fact that a hike in fuel prices , especially diesel which is a key transportation fuel, affects the prices of groceries making commodities of daily use expensive for the masses. But there's another way that a surge in fuel prices is likely to have an impact on your pocket. ALSO READ: With consecutive hikes, petrol crosses Rs 90-mark in Maharashtra's Parbhani According to the ET report, diesel cost forms seven to eight per cent of the total revenue of a telecom company and a continuous hike in its price is likely to have an impact on the company's Ebitda margins in the July-September period. Telecom industry is the second largest buyer of diesel after the Railways and spends nearly Rs 90 billion on it on an annual basis. The dip in margins is another hit for the telecom industry which is reeling under the pressure of nearly Rs 8 trillion of debt, ET reports, caused by a price war started with the entry of Reliance Jio into the sector. Rea...