Hello Hive Fam!
I hope your day is going well and that you're having a good time.
This time when the war is going on between US and Iran but the world is impacted because of this on going war and the bigger impact is more on the fuel prices. A lot of countries are struggling with the fuel supply and that is why they are increasing the cost because the crude oil prices have already increased.
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India has increased prices today by 3 rupees per litre for diesel and petrol both but more incres is expected in the coming days because this is not enough to accommodate the lost that oil companies are bearing this time. Per barrel cost for the crude oil has increased drastically and because of that on memories of 15 to 20% increase on the price the expected to happen in next you weaks most probably.
This increase is going to affect a lot of things for the common people wear fare will increase and along with that the prices for many community is will also increase. Fuel prices are not just important for the people who won the vehicle but many other commodity also it matters where things that are transported from one place to another will be expensive due to increase on the fuel cost the fair will also be impacted.
This is a tough time for the world and at this point of time we don't even know how long it is going to be for this on going war between Iran and America. This war was started in the last week of February now we are in the mid of May but situation is not normal. Nobody can say that when this war is going to end and everyday it is impacting the people worldwide in different ways where energy is the biggest segment which is highly impacted because of the war. Let's see how much prices increase will happen again because this is just a start I believe and bigger increase on the fuel prices is about to happen soon. Thank you.
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