How expensive will diesel-petrol and gold-silver be, what will be the impact of Middle East tension on India? Know all the equations here

Middle East Tension Affects Indian Market: Amidst the uproar in the Middle East, many market-shaking news and claims are coming to the fore. It is being told that this war will affect the markets of the entire world. If this war continues for a long time and the oil route ‘Strait of Hormuz’ If it is closed, there may be a rise in the prices of crude oil, in such a situation its effect can be seen on oil, stock market and gold and silver in India.

How much impact can there be on petrol and diesel?

It is believed that the price of petrol may increase and in Delhi petrol may increase from Rs 95 to Rs 105 per litre, while the price of diesel may increase from Rs 88 to Rs 96. The reason for this is also clear and that is that India imports 90 percent of the oil, out of which about 50 percent of the crude comes through the Hormuz route.

Many reports quoting experts are claiming that if Iran ‘Strait of Hormuz’ If India blocks India, the supply of crude oil in the international market will decrease and prices may reach 100 to 120 dollars per barrel.

Earlier also there was an impact during the war

It has been seen in global wars that there has been a sudden rise in the prices of oil. In the previous four wars, the prices of petrol and crude oil had increased in this manner –

• 1973 When the Israel-Arab war took place in 2007, the price of a barrel of crude oil increased from $3 to $12 and the price of petrol in India increased from Re 1 to Rs 1.67 per liter.
• 1990 During the Iraq-Kuwait war, the price of a barrel of crude oil increased from $17 to $46 and the price of petrol in India increased from Rs 8.50 to Rs 14.62 per liter.
• 2003 During the Iraq-America War, the price of a barrel of crude oil increased from $30 to $40 and the price of petrol in India increased from Rs 29 to Rs 33 per liter.
• 2022 Due to the Russia-Ukraine conflict that started in 2007, the price of crude oil per barrel increased from $ 80 to $ 130 per barrel and the price of petrol in India increased from Rs 96 to Rs 105 per liter.

Also read: Will Arafi take revenge for Khamenei’s death? Supreme Leader of Iran takes command, now there will be real conflict in the Middle East!

Gold and silver can also become expensive

According to experts, due to Middle-East tension, there may be a huge increase in the prices of gold and silver. It is being told that the price of gold may increase by 30 thousand from the current rate. At the same time, a rise of about Rs 90 thousand may be seen in the prices of silver.