The Middle East continues to be a concern affecting global crude oil prices. If crude oil continues to be above USD 100 a barrel, the government could take action in the form of raising prices of petrol products or even seeing the import bill go up.
Jason Feer, Vice President and Singapore Bureau Chief of Argus Media told CNBC-TV18 that if the contagion spreads to the neighbouring countries surrounding Libya, these additional disruptions could see crude oil prices heading even higher.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
