New Delhi: Today is the 8th day of the ongoing war between Russia and Ukraine. At this time, its effect is being seen all over the world. Let me tell you all that on the first day of the war, India's stock market was down. At the same time, oil prices are also seeing a rise. It is now believed that petrol-diesel prices in India may go up for a record hike from the next week of the UP elections. Yes, let us also tell you all, the prices of Brent crude in the international market have reached 111 dollars per barrel. In such a situation, it is being said that this is about 8 years high for crude. At the same time, WTI crude is also trading close to $109 per barrel.

Let us tell you that due to the decrease in supply all over the world and the possibility of further shortages, there has been a strong jump in crude. Due to this, crude oil prices will increase by 10 to 15 per cent more in the next month. On the other hand, according to a report by The Financial Express, ANUJ GUPTA, VP-Research, IIFL, says that Brent is now close to $111 a barrel. It's about 7.5 years high. While crude on MCX has reached a lifetime high of Rs 8088. Due to geopolitical risks and supply concerns, crude can be expensive by up to $125 per barrel in a month. On the other hand, on MCX, it can go up from Rs 8500 to Rs 8700.

At the same time, let us also tell you that there has been no change in petrol and diesel in India for a long time, although the pressure on the balance sheet is very high due to crude being expensive. Due to this, petrol and diesel are expected to increase from Rs 15 to Rs 20 per litre after the elections.

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