Russia and Ukraine crisis may increase inflation in the coming days. Due to their dispute, crude oil has crossed $95. Earlier this happened 8 years ago. With this, we can expect that the prices of petrol may go up soon.
Apart from this, the price of natural gas is also increasing in the international market; this will ultimately result in increasing the prices of LPG and CNG. Gold is getting support from Ukraine and Russia dispute, as a result of this it has crossed the level of 51 and a half thousand. Due to the dispute between these two countries, the prices of copper and aluminum can also see a rise.
Currently, elections are going on in 5 states of India. People may face a big blow just after the elections. The results of the Assembly elections will be declared on March 10. After this, petrol and diesel can become expensive, because the price of crude oil has reached an 8-year high. In the international market, the price of crude oil has crossed $95 per barrel. Earlier in 2014, the price of crude oil had crossed $95.
“In the coming time, the price of crude oil in the international market can go up to $100 per barrel. At the same time, oil companies have not made any change in the prices of petrol from November 3. But since then, crude oil has become more expensive than $ 15 per barrel. Not only this, it may continue to accelerate in the future as well. In such a situation, the prices of petrol and diesel may increase by 15 to 20 rupees in the coming days,” said Anuj Gupta, Vice President (Commodity & Currency), IIFL Securities.
Russia accounts for 17% of the world's total natural gas production. If war took place, it may interrupt the supply of natural gas. With this, the effect of global gas shortage will be visible and the prices of LPG and CNG may increase by Rs 10 to 15 per kg in the coming days.
Experts say that there is every possibility of a rise in gold right now because inflation is not being controlled. In the international market, gold can reach the level of $ 2000 in the next three-four months. With this, gold can cross 52 thousand in our place.
Russia accounts for 6% of the world's total aluminum production and 3.5% of the world’s total copper production. Both these metals are used in many things apart from utensils and auto industry. Due to this, there is every possibility of an increase in the prices of these things in the coming days.