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Fuel price hike hits MSMEs revival hopes | Coimbatore News

Coimbatore: The constant hike in fuel prices has hit the micro, small and medium enterprises (MSMEs) in the district hard at a time when they are struggling to remain afloat after the lockdown-induced shutdown for nearly two months. On Tuesday, petrol and diesel prices shot up to Rs 101.27 and Rs 94.44, respectively, in the district. J James, district president, Tamil Nadu Association of Cottage and Tiny Enterprises, said the hike in fuel and raw materials had dealt a big blow on the MSMEs, which were struggling to revive from the impact of the lockdown. Pointing out that most of the raw materials were brought to the city from other states, especially northern parts of the country, he said the transportation charges had doubled in the past two years.

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