They also led to a heightening of tensions in the region—with the US accusing Iran of being behind the attack—which could become a second reason for oil prices to spike.
The day before the attack, Brent crude oil was trading at $60.22 per barrel. On September 16, the price had shot up to $69.02. Though prices cooled over the following week to $63.48 a barrel, India, one of the world’s largest oil importers, is already feeling the pinch. Domestic fuel prices rose for seven consecutive days after the attack. In Mumbai, the price of a litre of petrol rose by Rs 1.88 in the week leading to September 23—at Rs 79.55, it was a 12-month high. Diesel prices rose by Rs 1.5 a litre in that time, to Rs 70.19. Experts say that if Saudi Aramco is able to restore its output levels by the end of September, as it has claimed it will, the price per barrel will remain below the $70 mark.
Bu hikaye India Today dergisinin October 07, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye India Today dergisinin October 07, 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
ARTS AND THE MAN
In his centenary year, F.N. Souza: The Archetypal Artist tries to make sense of the recurring themes in the artist’s work
The Reluctant Art Critic
Advertising executive, art critic and possible catalyst of the modern Indian art movement, Rudolf von Leyden was an intriguing figure in pre-Independence Bombay
PORTRAIT OF AN ARTIST & POET
ANINDYO ROY’S THE VICEROY’S ARTIST IS A FICTIONALISED ACCOUNT OF EDWARD LEAR’S TRAVELS IN INDIA
Lady of the Light
This artist has transformed the humble bulb into a thing of beauty
S'more to Think Of
Called Marshmallow, this penthouse in Gurgaon with soft curves and plush aesthetics stays true to its name
A Marvelous Melange
From stylish living quarters to multipurpose adaptive space, this home in Mumbai turns every nook into a showstopper
TECH MEETS TEXTURE
Smart fabrics and intelligent textiles are changing the way we view home furnishings
Refresh and Revive
That old table, those cabinets or even the console can be given a new lease of life, one that is tailor-made to the latest trends
Standout Spaces
Want dramatic interiors but don’t know how? This home in Mumbai becomes a lesson in learning the nuances of adding magic inside.
Vernacular Wise
Forget international brands and design, the beauty and simplicity of local materials and ancient techniques is gaining momentum