PETROL AND DIESEL PRICES WILL RISE SOON IN INDIA

SO AS YOU ALL KNOW PETROL NOWADAYS IN INDIA IS ABOVE 100 RUPEES. BUT SOON THE PRICE OF PETROL AND DIESEL MAY RISE BECAUSE

ACTUALLY, INDIA IMPORTS ONLY 1% OF CRUDE FROM RUSSIA BUT AS WE ALL SEE WAR BETWEEN RUSSIA-UKRAINE STARTED AND SO MANY RUSSIAN SOLDIERS DIED.

INDIA IMPORT SO MANY OTHER PRODUCTS FROM RUSSIA AND ALSO EXPORTS A LOT OF INDIAN PRODUCTS SUCH AS- crude oil, petroleum products, coal, fertilizers, gold, precious stones, and precious metals.

Russia is India’s biggest arms supplier, delivering half of the total arms imports.

India’s imports from Russia last year were $8.6 billion.

INDIA NOT ONLY IMPORT FROM RUSSIA BUT ALSO FROM UKRAINE

Ukraine alone accounts for 70% of India’s sunflower oil imports. Any supply disruption will raise the prices of sunflower oil as India meets over 60% of its edible oil needs through imports and sunflower oil accounts for 14% of India’s edible oil imports