Raising petrol prices can lead to increased transportation costs, which may result in higher prices for goods and services, ultimately straining consumers' budgets. It disproportionately affects low-income households who rely on affordable fuel for commuting and essential activities, exacerbating economic inequality. Additionally, higher petrol prices can hinder economic growth by reducing consumer spending and impacting businesses that depend on transportation. Keeping petrol prices stable supports overall economic stability and accessibility.
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