Russia-Ukraine conflict: India Inc frets over spiking crude, input costs https://ift.tt/SgZThEt

Biscuits and confectionery maker Parle Products said the geopolitical situation is going to have a huge effect on crude oil prices and impact several industries as trade costs are bound to rise. "For the previous 7-8 years it (crude oil) had been below 100 dollars but today it has crossed the 100 dollar mark, impacting several industries in addition to the food industry.