News > Petrol and diesel are likely to get more expensive as the cost of crude oil hits a seven-year high

Petrol and diesel are likely to get more expensive as the cost of crude oil hits a seven-year high

Crude oil prices have risen to their highest level at a 7-year high as markets fear a full-blown war between Russia and US over Ukraine. 

To make matters worse, the cost of crude oil is likely to stay high due to the fear of a conflict in Ukraine. Rising fuel prices could make the biting inflation in India worse.