A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018.A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018.
Petroleum prices in New Delhi, India’s capital city, and Mumbai reached 99 and 113 rupees per liter respectively the same day.seek an alternative solution to cut down related expenses“Maybe because of the Russia-Ukraine conflict, oil prices have increased here in India. Since India can only produce 14% of the oil it needs and has to import the rest from abroad, oil prices have risen as a result. There is nothing we can do but to bear it,” said Satish Kumar, resident of New Delhi.
According to India’s Transport Minister Nitin Gadkari, India imports 80% of the oil it consumes, and the global oil price hike caused by the Russia-Ukraine conflict has reached beyond the affordability of the Indian government.
We are in trouble
India is buying cheaper oil in Russia