Economy Explained: Why fuel price has now been hiked for 11th straight day Updated : June 18, 2020 02:50 PM IST The consumption of petrol in FY20 came down to 6 percent from double-digit growth since FY15. With pick up in manufacturing and aim to boost growth, some experts are of the view that an increase in fuel prices may have an inflationary impact. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.