Owing to the rise in crude oil prices, a record rise in the petrol and diesel prices is regularly experienced across India in 2021. A record rise in the price of coal and natural gas is also seen amid an intensifying energy shortage. Why are fuel prices rising and how rising global fuel prices are impacting India?
As the world economy recovers, the global demand for crude oil has increased sharply. The Brent Crude price has risen to $85 per barrel, which is the highest since 2018. A year...
