Picture courtesy Reuters
New Delhi: The Russia-Ukraine crisis is likely to have a fallout in India too, with a rise in the prices of essential commodities.
The rise in crude oil prices is expected to increase the subsidy on LPG and kerosene.
If the Russia-Ukraine crisis continues to simmer, India could see an increase in petrol-diesel prices. Oil consists of around 25 per cent of India’s total imports. India imports more than 80 per cent of its oil requirement. A rise in oil prices will impact the current account deficit, the report added.
Russia is also the world’s largest exporter of palladium, a metal used in automotive exhaust systems and mobile phones. Its price has also soared in recent weeks amid fears of sanctions being imposed on Russia.
Stay ahead with Odisha Bytes Breaking News - your ultimate source for the fastest, most… Read More
New Delhi: In a major reform, the Income Tax Department will have the authority to check… Read More
Bhubaneswar: The day temperature touched 39 degree Celsius on Tuesday even before the onset of… Read More
Bhubaneswar: Odisha’s talented badminton players Pragati Parida and Vishakha Toppo have been selected to represent… Read More
Mumbai: Actors Katrina Kaif and Neil Nitin Mukesh’s on-screen chemistry in ‘New York’ was loved… Read More
Dubai: Team India broke a jinx by overcoming Australia and marching into the Champions Trophy… Read More
This website uses cookies.
