Crude oil prices in the global market are skyrocketing...
The global markets are in turmoil due to the Russia-Ukraine War. In such a situation, the economy is continuously falling at the global level. Talking about the latest figures, now the price of crude oil has crossed the figure of $ 121 / barrel. India's import bill and its people, wholly dependent on imports in the case of oil, may face inflationary pressure.
Petrol diesel price hike
Due to the ongoing war between russia and Ukraine, the global crude oil prices are directly affecting the indian economy and the losses of petroleum companies are also increasing rapidly. As a result, after 137 days, the companies had increased the prices of petrol and diesel by 80 paise on monday and then again on tuesday by 80 paise. In such a situation, there has been a jump of 1.60 paise in the prices of petrol and diesel in the last two days.
Prices may increase
The price of crude oil has crossed the figure of $ 121 per barrel, this gives a clear indication that soon the prices of petrol and diesel may increase again. At the same time, analysts say that amid rising crude oil prices, oil companies can increase the prices of petrol and diesel by more than Rs 17. If this happens, all the records of inflation will certainly be broken in the country, which will have a direct impact on the pocket of the common man.
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