Israel-Hamas War: Impact of Israel-Hamas war on oil prices? Know how petrol prices are decided in India – Will Israel Hamas War Affect Oil Prices, Know How Petrol Prices Are Decided In India

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Will Israel Hamas war affect oil prices, Know how petrol prices are decided in India

War continues between Israel and Hamas.
– Photo: Social Media

Expansion


The war that started after Hamas’ attack on Israel has now taken a horrific form. Israeli Prime Minister Benjamin Netanyahu has vowed to destroy Hamas from Gaza. The situation is worsening due to attacks from both sides. Along with this, the fear of increase in prices of essential commodities has increased, which also includes petrol.

Earlier, even after the start of the Russia-Ukraine war, petrol prices had increased significantly due to increase in crude oil prices. In such a situation, we should know what is the situation of the oil market after the Israel-Hamas war? What effect is this having on the fight? What impact will the increase in crude oil prices have on India? Who decides the price?