₹993 LPG Hike, $126 Crude Oil & A Budget Under Fire

India’s economy is sitting on a ticking pressure cooker. Crude oil briefly spiked to $126 per barrel and while prices have cooled, the pressure is building fast. Commercial LPG prices have jumped by ₹993, companies are absorbing massive losses, and the government is holding the line on fuel prices – for now. But this shield may not last. From expensive eating-out bills to rising FMCG costs and stress on fiscal maths, the impact is spreading across the system. Experts warn that if oil stays elevated, growth could slow while inflation rises – a dangerous mix. The big question: how long can India keep the lid on before prices hit the common man directly?