With the war in the West Asia, all yhe other countries are feeling the pressure. The Europe and along with that Asia started having problems with the fuels and the LPG gases. If I talk about India, we are getting the alternative fuels from the Russia but when comes to LPG, we are dependent on yhe Saudi Arabia and because of that there is slight problem.
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There is a news came out recently saying that the hotels in Bangalore cannot function properly because of the shortage of commercial cooking gas. And it's gonna increase from here. The hotels all over India and mostly in Bangalore uses commercial LPG gas, now government is prioritizing domestic LPG than commercial. And that's why there is a shortage of commercial gas. If this continues, either the hotel owner have to switch to something else or they have to shutdown for some days.
This is a scary situation all over the world. Pakistan has increased around PKR 50 for the petrol and diesel. Along with that they have done some measures to reduce the fuel usage. And since the fuel prices are increasing, the inflation will continue to rise. With rise in fuel prices all the items prices will increase subsequently and thus inflation will increase. In India, as of now there is no price increase in fuel prices but the LPG price have been increased by Rs 50. So yeah we are seeing the effect of the war in almost every countries.
That's why the middle east is so much important to stay at peace for the world. But I feel every other country wants to go for a war and without worrying about the consequences. We should not hoard the fuels as of now but situation can become bad in coming weeks.
