Bengaluru: eating outside will be more expensive, especially in Bengaluru, after Deepavali with the perpetrators of the chairman decided to climb the price of food and drinks after the increase in fuel prices and commodities.
The price of commercial LPG (liquid oil) hiking from Rs 1,794 to Rs 2,064 per cylinder 19 kg.
The gas cooking price gradually increased from Rs 1.160 in March 2020 and this consumed the margins of the benefits of restaurants and hotels.
A restaurant with a daily turnover of Rs 50,000 needs, on average, at least three cylinders every day.
Diesel prices that skyrocket have pushed commodity prices, including food, vegetables and vegetable oil in the past year for various reasons.
“All amotid people are forced to climb the price of food and drink at least 10%, if not more.
We will decide later this month and new rates will be launched from December,” said PC Rao, Vice President, the Karnataka State Entrepreneurs Association.
About 60,000 hotels, including dinner restaurants and fines, are affiliated with the association.
There are more than 10,000 Darshini throughout the state, 6,000 in Bengaluru alone.
Assn urged the center to cut GST in the LPgall of these hotels, apart from food and beverage outlets in shopping centers, have decided to climb the prices of goods on their menu and are waiting for the relationship to decide on implementation modalities.
“The increase in commodity prices is preventing.
Even when footsteps gradually increase in the mall, there is no other choice to increase prices,” said BJP MLA Uday Garudachar, owner, Garuda Mall.
The association urges the center to reduce the GST level of 18% in commercial LPG to 5% equivalent to domestic LPG, in addition to demanding a controlled price increase.
RameshChandra LAHOTI, Chairperson, Federation of Agricultural Product Market Committee, Yeshwantpur, said the increase in diesel prices has resulted in an increase in commodity costs through trucks by 60 Paise per kg at the retail level with Re 1 at least.
Raghavendra Padukone, the owner, by two coffee chains, said the overhead hotel has increased because of the increase in building leases and employee salaries, in addition to the increase in commodity prices.
“The hotel, on average, has a profit margin of around 15% and is almost neutralized by the increase in commodity prices, rent, salaries and other overhead.
It is unavoidable, travelers must increase the price of food and drink at least 20% to make business worthy.
However, We plan to increase prices moderately, “Padukone said.