Crude Oil Price Hike Leads To Expensive Raw Material, Says JSPL MD
Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma stated that Crude oil is leading towards a hike in the Raw Material Prices, amid Ukraine-Russia War. ''Some oil companies are taking advantage of the situation. Respective governments across the world can keep price control as everything is run by energy,'' stated Sharma. Notably, the oil prices have hiked to 120 USD a barrel, and is expected 180 USD.
Tags: business, Crude Oil, Price Hike, V R Sharma, JINDAL STEEL AND POWER
Courtesy: The Economic Times