THE STUDY ON THE IMPACT OF RISING FUEL PRICES ON HOUSEHOLD EXPENDITURE AND SAVINGS OF MIDDLECLASS FAMILIES IN CHENNAI
  https://doi.org/10.65725/JCMCE/2S1/009

JOURNAL OF CONTEMPORARY TRENDS IN MANAGEMENT, COMMERCE AND ECONOMICS (JCMCE) 
Volume 2, Special Issue 1, 2026
Special Issue : Algorithmic Economies: AI Across Digital Finance, Social Life, and Higher Education

Abstract:
Fuel prices greatly affect how much money households spend, how much they save, and how they plan their finances, especially for middle-class families. This research looks at how increasing fuel costs influence the amount of money middle-class families in Chennai spend and save. Primary data were gathered from 103 people using a structured questionnaire on Google Forms, and the sampling method used was convenience sampling. The data were analyzed using frequency analysis, mean, and standard deviation. The results show that higher fuel prices have made household spending go up, led to less money being saved, and changed how people plan their budgets. The study highlights the importance of good financial planning and proper policies to lessen the financial pressure on middle-class families.

Authors: Dr. R. Lakshmi, Shonaakshi Parthiban, Chinthalapalli Sai Srinidhi & Mithra J

Keywords: Rising fuel prices, Household expenditure, Household savings, Middle-class families, Chennai, Financial planning, Household budgeting, Cost of living.