After petrol, now the prices of industrial diesel also increased, a big increase of Rs 22 per liter in prices.

Tezzbuzz Desk- The ongoing tension between Iran and America-Israel has now entered its third week. The situation is such that at present there is no possibility of this conflict ending soon. The pictures emerging on social media are showing the horrors of war.

Due to attacks on fuel plants in the Middle East, the risk of energy crisis has increased at the global level, the effect of which is now visible in India as well.

Rise in prices of petrol and diesel

Amidst the LPG crisis, the prices of petrol and diesel are also increasing. Premium petrol prices have increased by more than Rs 2 per litre, which is sure to hit the pockets of common consumers.

Indian Oil Corporation (IOC) has drastically increased the prices of industrial diesel. Earlier price: Rs 87.67 per litre, New price: Rs 109.59 per litre, Total increase: Rs 22 per litre. This huge surge has dealt a blow to the manufacturing, logistics and infrastructure sectors, as these sectors are heavily dependent on diesel.

Experts believe that this increase in the prices of industrial diesel may soon increase the prices of everyday items. If this international crisis prolongs, inflation may increase even more rapidly. This will have a direct impact on common consumers, because companies can pass on the increased costs to customers.

Global crude oil price pressure

Crude oil prices are already at high levels across the world. In such a situation, rising energy costs are affecting the profits of companies. Companies are left with only two options: increasing the prices of products or taking measures to reduce costs. In both cases, there is a possibility of inflation increasing in the long run.

Between this step of the government and the global situation, now everyone’s eyes are on the country’s economy. In the times to come, it will be important to see how quickly this crisis subsides and how deeply it impacts the lives of common people.