Prices of energy commodities set to rise by 20 pc this year: World Bank
Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report. The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on import of major energy commodities. The latest World Bank forecast is a 16-percentage point upward revision from October’s outlook, the World Bank said in its April Commodity Markets Outlook released yesterday. Oil prices are forecast to average USD 65…
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