Paints manufacturing companies have decided to increase the price of paints.

Paints Price Hiked : The common man is already troubled by the impact of inflation. Now the dyeing of the house is also going to be expensive. Paints manufacturing companies have decided to increase the price of paints. Asian Paints and Berger Paints have decided to hike prices. From November 12, the prices of paints are going to increase by 7 to 10 percent.

The biggest increase in the prices of paints

It is believed that the price hike by paint companies is one of the biggest ever. It is believed that other pet companies can also take a decision to increase the price soon. Asian Paints has increased the prices of enamels by 7 to 7 per cent. While the prices of all other paints have been increased by up to 10 percent. However, Asian Paints is increasing the prices after Diwali. This is the biggest increase in the prices of paints in one go since 2008.

Expensive crude oil had increased the cost
In fact, in the last one year, there was a tremendous increase in the cost of paints companies. Along with the increase in the prices of other raw materials, the cost of these companies had increased due to the increase in the prices of crude oil. Asian Paints CEO and Managing Director Amit Singal, while addressing investors after reporting Q2 results earlier this month, had said that since the beginning of this calendar year, there has been a steep rise in raw material prices, which has affected margins. has been affected.

However, many brokerage houses, including market experts, believe that paints companies will have to increase the price by 5 percent more to bridge the margin.

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