Global oil prices soar 19%, high­est 1-day jump since ’91

Surg­ing Rates Could Hit In­dia’s GDP Growth

The Times of India (New Delhi edition) - - Times Sport - San­[email protected]

Global oil prices spiked the most since the 1991 Gulf war on Mon­day, spark­ing wor­ries of an ex­tended spell of mar­ket volatil­ity hitting con­sumer senti

...POS­SI­BLE LONGTERM EF­FECTS...

In­dia im­ports 83% of its crude oil needs

Saudi Ara­bia has as­sured that crude sup­ply won’t be af­fected, but price may re­main volatile for some time

A $10 in­crease in crude prices cuts In­dia’s GDP by up to 0.30 per­cent­age points

In­crease in global crude oil prices im­pacts do­mes­tic prices

FULL COV­ER­AGE: P 12 & 13

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