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Middle East Conflict Triggers Global Fuel & Edible Oil Price Hike

The ongoing war in the Middle East has sent shockwaves through the global economy. Crude oil prices have surged by 28%, reaching a staggering $110 per barrel. This spike is already reflecting in the prices of daily essentials, including Petrol, Diesel, and Edible Oils.

Key Highlights of the Crisis:

Crude Oil Surge: Prices have hit $110 per barrel, a significant 28% increase.

Impact on Petrol & Diesel: Fears of a massive price hike across India as procurement costs rise.

Edible Oil Price Hike: Cooking oil is getting costlier. Palmolein oil has increased by ₹5/liter, and Sunflower oil has seen a jump of ₹3/liter.

India’s Strategic Reserve: India currently holds 4,000 crore liters of oil in stock, which is sufficient to meet the nation's demand for approximately 50 to 60 days.

Is India prepared for a long-term fuel crisis? How will this impact your monthly budget? Watch the full analysis to understand the ground reality of the oil market.

#OilPriceHike #PetrolDieselPrice #MiddleEastWar #CrudeOil #EconomyNews #IndiaOilReserve #inflation #news18odia #odianews

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