petrol rate and diesel prices India will remain unchanged on Saturday. Petrol and diesel prices in India have remained unchanged for more than three months. The rate of petrol in the country’s capital Delhi is 95.41 per liter today while that of diesel 86.67 per liter. Petrol and diesel prices remain stable in the country’s financial capital Mumbai. 109.98/Litre and 94.14 per liter respectively. For Kolkata and Chennai, petrol and diesel price 104.67 more 89.79 more 101.40 more 91.43 respectively in Chennai.
Prices vary from state to state, depending on local taxes and the cost of transportation.
While there is no direct impact of the Russia-Ukraine crisis on India in terms of bilateral trade, the economy is threatened by a jump in oil prices, an analyst report said on Friday.
A report by Bank of Baroda Economics Research said that international oil prices that have crossed $100 a barrel “pose risks to external stability and currency movement.”
Russia has launched a military operation against Ukraine, fearing significant disruption in the region, including loss of life and property. The West is imposing financial sanctions against Russia and supporting Ukraine.
The economic impact on the rest of the world is likely to come from higher commodity prices, fueling inflation but hurting growth – stagflation-lite.
“But if hostilities and tensions escalate to the point where Russia is kept out of Western payment and fast-messaging systems, as Iran was, a severe stagflation blow could result in a disruption in energy supplies,” Invesco said. said in a report.
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