The Isreal-US war against Iran is in its sixth day. This is impacting not just those stuck in the Middle Eastern countries, but also those living in Telugu states.
The prices of everyday products are rising steadily for now. If no truce is announced anytime soon, the prices of everyday products are likely to shoot up, warn economic experts.
Already, with rumours of hike in petrol prices, many in Telugu states are stocking petrol in tin cans. Due to disruptions in petrol imports, there is talk that the petrol prices will go up to Rs 150 per litre. Iran has shut down Homruz canal following war and this has severely impacted the movement of commercial ships. Due to this, imports are not reaching India.
India imports pulses, daily-use oils like sunflower oil and other essential items from Brazil, Ukraine, Singapore and Malaysia. However, as the routes are closed, the prices of cooking oil which is around Rs 120 can go further up. Already, the prices of everyday pulses has shot up. Till recently, the pulses &were being supplied from Nagpur, Nizamabad and Kurnool. However, due to low demand, the supply has reduced. Now, India is totally dependent on foreign countries for essential items.
Another item that is seeing a hike in prices are dry fruits. Following Covid, the demand for dry fruits has increased manifold. They were imported from Pakistan, Afghanistan and Iran. As of now, pista is selling at Rs 1500 a kilo, walnuts at Rs 1200 a kilo and badam at Rs 1000 a kilo. Already their prices have increased by Rs 100. Due to war conditions, they are likely to go beyond the reach of the middle class families.
The common man in Telugu states will be hard hit if the war continues in Middle East.
