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  • Category: Miscellaneous

    Here are the commodities that get price hikes in the Indian market in view of the Russia-Ukraine war

    As India is becoming more and more problematic due to the influence of the Russia and Ukraine wars, gold prices are already rising, and cooking oil (sunflower oil) is also rising, so oil prices are also rising. Half of the gas demand is covered by LNG imports from Ukraine. Therefore, the war between Russia and Ukraine will have a major impact on India's middle and lower class as these price increases. It affects the Indian economy. These are the commodities that get price hikes in the Indian market in view of the Russia-Ukraine war
  • #752823
    Globally, there will be an impact on the financial situation. Already for the last two years, we struggled a lot due to the pandemic and just started recovering from the same. But this war between Ukraine and Russia will hit the economy of the world very hard again. Definitely, a common man is a maximum suffered. We may see an increase in the prices of LPG, petrol and diesel. This will have a very high impact on a common man. Because these are all essential commodities these days. If the gold price creases, a common man may not go for purchase. But he can't manage without food. We are going to face a difficult situation again. The government should think of protecting the common man from this price escalation by decreasing the taxes etc.
    One should be very careful in investing in the shares and it is better not to sell for some time as selling these days will cause heavy loss to the seller.

    drrao
    always confident

  • #752829
    What is my fear is that Russia is involved with India on Nuclear power stations in Tamil Nadu and there are every chance that such big projects may be stopped. Not that which products are going to be affected and which services would be stopped as the weak US is now bracing up to tight those countries which are siding with Russia on Military supplies and sensing this PM Modi already contacted Putin to stop war and thus sending signal to Biden that India also against the war. Nevertheless, this invasion has proven world that Russia emerged as the most powerful super power and US has been caught napping. Surely India would suffer on commodities, oil, nuclear power plants cooperation and other things, but that should not deter us because we have our own reasons to side with country based on our strength.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #753136
    There is a substantial increase of price in Gas, Petrol and Diesel, Edible oil etc.. So already Sunflower oil per liter increased up to 30 rupees... Even transport charges will also get increased...
    Everyone should observe the nature of the Graphite structure because a Graphite has only a tendency to convert into diamond under tremendous temperature and pressure.

  • #753142
    During the covid phase, India has purchased huge quantity of crude oil and maintained them as the reserve for future and our country made huge investment along with US as we know in the event of any international turmoil the petrol would raise fast and that would jeopardize our economy. Probably that has paid the price now as the petrol rates have not revised so far and remaining the same. Likewise India should have made pooling of stock for the LNG, palm oil and other edible oil to have the control of raising prices. Nevertheless this is lesson for every country, that when the war was certain and even warnings were given, the nations should have braced up and gone for stocking of items for future. Now that peace talks are going on and the total boycott of Russia across the world. the war may stop.
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #753144
    #753142 No, in few days All the prices I mentioned above price will increase. Edible oil already increased 30 rupees per liter.
    https://www.sakshi.com/telugu-news/business/crude-oil-prices-increased-sharply-amid-russia-invasion-ukraine-it-might-be
    https://www.eenadu.net/liveblog/general/8/

    Everyone should observe the nature of the Graphite structure because a Graphite has only a tendency to convert into diamond under tremendous temperature and pressure.


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