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Ongoing Russia-Ukraine war to impact Fuel Prices?
By: Tupaki Desk | 5 March 2022 12:45 PM GMT
The fuel prices had reached an all-time high in India and showing stars to common people in daylight. The consumers got a slight relief with the Indian government reducing the prices of petrol and diesel. Though the prices reduced by the government are not that big, the consumers were a bit happy.
The happiness on the fuel prices might not last long as the prices are expected to go up for one more time given the Russia-Ukraine war. As a result of the war, the crude oil at the international market is likely to increase which in turn results in rising fuel prices in India.
If the ongoing war impacts the fuel prices that Indians have to face the wrath of it. The edible oil prices have gone up already and the fuel prices will make things worse for the common people especially the middle-class people.
India is yet to come out of the Covid impact. As a result of the pandemic effect, lakhs of people have lost their jobs and the prices of essential goods have gone up. Edible oil prices also crossed the 100-mark
On the other hand, the oil mafia had increased the prices in a few places in India reportedly. A few media channels claimed that such rackets were busted and a few accused were arrested.
The happiness on the fuel prices might not last long as the prices are expected to go up for one more time given the Russia-Ukraine war. As a result of the war, the crude oil at the international market is likely to increase which in turn results in rising fuel prices in India.
If the ongoing war impacts the fuel prices that Indians have to face the wrath of it. The edible oil prices have gone up already and the fuel prices will make things worse for the common people especially the middle-class people.
India is yet to come out of the Covid impact. As a result of the pandemic effect, lakhs of people have lost their jobs and the prices of essential goods have gone up. Edible oil prices also crossed the 100-mark
On the other hand, the oil mafia had increased the prices in a few places in India reportedly. A few media channels claimed that such rackets were busted and a few accused were arrested.
