India imports 90% of its crude oil, but conflict in the Middle East and the blockage of the Strait of Hormuz have caused global crude prices to surge by 88%. This has led to rising fuel and LPG prices in India, impacting transportation and manufacturing costs. Consequently, essential goods like vegetables, milk, pulses, and construction materials are becoming more expensive. Wholesale inflation has hit a 42-month high, threatening household budgets and potentially increasing the Consumer Price Index (CPI) by 20 basis points. https://www.dharitri.com/petrol-diesel-price-hike-impact-increasing-fuel-price-may-make-goods-kitchen-products-veegetables-fruits-costlier-check-here-detail/ #creator program