News > Oil Prices Increase In India, inflation in transportation costs

Oil Prices Increase In India, inflation in transportation costs

CNBC TV18 | 08/05/2021 07:23 PM | Click to read full article

Oil for India is the big one, and with fuel retailers starting to raise prices last week after the state elections ended, inflation in transportation costs is expected to work its way into cost escalation for most products.

Interestingly, though, while India's high consuming class will likely need to cope with an increase in prices of several goods that use these commodities like automobiles, consumer durables, fast-moving consumer goods, and foods.