Amitabh Kant sounds grim warning for India amid Iran war-triggered fuel crisis— ‘Every $10 per barrel rise can…’
Former G20 Sherpa and ex-NITI Aayog chief Amitabh Kant on Thursday sounded a grim warning for India as crude oil prices continued to jump in the global market due to Tehran’s closure of the Strait of Hormuz amid the escalating US-Iran conflict.
In a post on X, Amitabh Kant flagged the rising price of crude oil, saying that every $10 increase in the per-barrel rate can mean an addition of up to $14 billion to India’s annual fuel import bill.
