India Says Oil Price Surge Unlikely to Stoke Inflation Sharply

West Asia Tensions and Oil Price Rise Unlikely to Significantly Impact Inflation: Sitharaman

Finance Minister Nirmala Sitharaman on Monday told Parliament that the ongoing geopolitical tensions in West Asia and the rise in global crude oil prices are not expected to significantly impact India’s inflation at present, as inflation remains near the lower bound. In a written statement, she noted that the medium-term effect of rising oil prices would depend on factors such as exchange rate movements, global demand and supply conditions, mone…

No Major Impact On India Due To Rise In Global Oil Price: FM Sitharaman

New Delhi: The impact of the rise in global crude oil prices on the rate of inflation in India is not estimated to be substantial at this point, as the country’s inflation is near the “lower bound”, Finance Minister Nirmala Sitharaman said in Parliament on Monday. The price of crude oil that India imports has been on a declining trajectory for the past one year, till the geopolitical clashes commenced in West Asia on February 28, 2026, the Finan…

India says oil price surge unlikely to stoke inflation sharply

The government said the impact on consumer prices would be limited for now