Cost of Living LIVE Updates Jan 05: Fuel prices steady. Check petrol and diesel prices in your city here

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Cost of Living LIVE Updates January 05: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Since the Russia-Ukraine war broke out, the cost of raw materials and commodities has gone up. This has increased India's payments outgo for oil, gold, and other commodities.India's services industry closed the year on a strong note, with vigorous growth in December, as per the HSBC India Services Purchasing Managers' Index (PMI).

Released by S&P Global, the survey noted that PMI for December surged to 59.0, marking a notable rise from November's one-year low of 56.9.Reuters reported that this increase is the 29th consecutive month of expansion, with the index comfortably above the 50-mark, a threshold separating growth from contraction.Although the manufacturing sector index released on January 3 for December declined to 54.9, the robust performance of the services industry pushed the overall HSBC India Composite PMI Output Index to a three-month high of 58.5. Read hereFuel price in metro cities on January 5, 2024 | LucknowPETROL (Rs/L) - 96.57DIESEL (Rs/L) - ₹89.76Fuel price in metro cities on January 5, 2024 | HyderabadPETROL (Rs/L) - 109.66DIESEL (Rs/L) - 97.82Fuel price in metro cities on January 5, 2024 | PatnaPETROL (Rs/L) - 107.24DIESEL (Rs/L) - 94.04Fuel price in metro cities on January 5, 2024 | JaipurPETROL (Rs/L) - 96.20DIESEL (Rs/L) - 93.72Fuel price in metro cities on January 5, 2024 | ChandigarhPETROL (Rs/L) - 96.2DIESEL (Rs/L) - 84.26Fuel price in metro cities on