NEW DELHI (Reuters) - The government is monitoring rising crude oil prices, India's finance minister said on Tuesday, as oil prices hit near $100 a barrel after tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine.
India, which meets nearly 80% of its needs through oil imports, is worried about the rising crude oil prices as it could widen its oil import bill while leading to inflationary pressures.
(Reporting by Swati Bhat; Writing by Manoj Kumar; Editing by Louise Heavens)
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 83.68 USD | +0.16% | -4.95% | - | ||
| 78.86 USD | -0.06% | -4.56% | - | ||
| 432.7 PTS | -0.14% | -4.66% | - | ||
| 92.01 RUB | -1.34% | -0.33% | - | ||
