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Crude oil prices have fallen sharply in the global market as the US-Iran conflict has eased. What will be the impact of this on inflation, petrol-diesel prices, the Indian economy and the global market? Here is the complete analysis.
Global oil market activity has increased on the expectation of a deal between Iran and the US. As a result of this development, crude oil prices have fallen by more than 5 percent, and here is a complete breakdown of its impact on the global market and fuel prices.
With drone attacks putting increasing pressure on Russian oil refineries, reports have emerged that the Putin government is looking to buy petrol from India to stabilize fuel supplies.
Amid growing concerns over rising oil prices in the country, sources said that an important Union Cabinet meeting will be held under the chairmanship of the Prime Minister this evening. There is a possibility of an important discussion on petrol, diesel and fuel prices. A decision can be taken in this meeting regarding the price burden on the people, the global crude oil market and the government's next steps.
In the wake of the oil price hike, the Congress has launched a strong attack on Prime Minister Narendra Modi, accusing him of 'starting Modi's recovery'. Here is the complete information about the political dispute over fuel price hike.
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