Restaurants Plan 5-10% Menu Hikes from July as Fuel, LPG Costs Squeeze Margins
NRAI flags Rs 79,000 cr monthly sector losses as petrol hits Rs 97.77/litre and LPG costs jump 60%. Cafe Delhi Heights, Wow! Momo, Kylin among brands signaling price action; Zomato, Swiggy commissions add pressure as 10% of restaurants have already shut.
Indian restaurants and delivery platforms plan 5-10% menu price hikes from July following fuel price increases, compounding LPG shortages. NRAI estimates Rs 79,000 cr monthly sector losses; Zomato, Swiggy commissions and dining-out demand under pressure.