City
Epaper

Ukraine Russia Conflict if there is war between ukraine russia many things will become expensive in india

By Lokmat English Desk | Updated: February 23, 2022 14:39 IST

Open in App
1 / 7
If a war breaks out between Russia and Ukraine or tensions persist, it could have a direct impact on ordinary citizens of India. This can lead to higher prices for many essential commodities. Prices of various grains from natural gas to wheat will also go up.
2 / 7
The Russia-Ukraine crisis has also pushed up crude oil prices. The price of crude oil has reached .7 96.7 per barrel. This is the highest level since September 2014. Russia is one of the largest producers of crude oil.
3 / 7
Natural gas prices will rise - the crisis could push crude oil prices to more than डॉ 100 a barrel in the coming days. Rising crude oil prices will also affect global GDP. According to India Today, JPMorgan's analysis
4 / 7
Subsidies on LPG and kerosene to increase - Subsidies on LPG and kerosene are expected to increase due to rising crude oil prices.
5 / 7
Petrol and diesel prices to go up - Petrol and diesel prices are likely to rise sharply in India if the Russia-Ukraine crisis persists. India imports more than 80 per cent of its oil needs. This will result in a current account deficit.
6 / 7
The price of wheat will also go up - if the Black Sea is blocked, experts say, it could have a big impact on prices. Russia is the world's top wheat exporter, followed by Ukraine. In global total wheat exports
7 / 7
The price of metals used in palladium, automotive exhaust systems and mobile phones has risen in recent weeks, despite the possibility of sanctions on Russia.
Tags: Russia Ukraine conflict
Open in App

Related Stories

InternationalDonald Trump Says Zelenskyy Can End War With Russia by Giving Up NATO Bid and Crimea

International‘This Might Hit You Hard’: NATO Chief Mark Rutte's Warning to India, China, and Brazil Over Russia Ties Amid Ukraine War

InternationalRussian Ballistic Missile Hits Odesa-Dnipro Train in Ukraine; Attack Caught on Camera

InternationalRussia-Ukraine War: 41 Fighter Jets Destroyed as Ukrainian Drone Strikes Set Russian Airbases on Fire

InternationalOperation Spiderweb: Ukraine Launches Largest Drone Attack on Russia, Destroys Over 40 Fighter Jets (Watch Video)

International Realted Stories

International"Global context of our meeting is evolving geopolitical situation, shifting trade landscape": Jaishankar in Moscow

InternationalPakistan: Rights body reveals rise in violence against religious minorities over past year

InternationalFamilies protest in Karachi, Quetta over enforced disappearances as missing youth returns home after 10 months

InternationalPakistan and China hold 6th Strategic Dialogue in Islamabad, talks on regional and global issues

InternationalBLA fighters kill four Pakistani soldiers in Panjgur raid