Wholesale Price Inflation Hits 4-Month High of 14.55% in March as Crude, Commodity Prices Spike

India is dependent on imports to meet 85 per cent of its oil needs and so retail rates adjust accordingly to the global movement. In March, inflation in crude petroleum spiked to 83.56 per cent, from 55.17 per cent during February. Crude oil prices had mostly been on rise in March, after Russia started the invasion of Ukraine on February 24. 📰 Wholesale Price Inflation Hits 4-Month High of 14.55% in March as Crude, Commodity Prices Spike.

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