Middle East War Impact: The ongoing war in the Middle East is not only affecting people’s businesses, but has also started directly affecting our pockets. Due to the war, the import of crude oil has reduced significantly, hence the production of lubricants made from it, i.e. all types of oils and greases used in vehicles and other machines including industries, has reduced.

This has started having a direct impact on the prices of lubricants items. Many shopkeepers including Jaipur have put up posters on their shops regarding price rise due to the war. At one shop, a very emotional message was written on the poster.

huge increase in prices

If we talk about Pink City Jaipur, the prices of lubricants items have increased by 35 to 40 percent. Due to increase in the prices of engine, mobile and gear oil as well as grease and other items, servicing of two-wheelers and four-wheelers has also become expensive. The direct impact of expensive vehicle servicing has started falling on the common man’s pocket.

Why are prices increasing?

In fact, many types of oils, greases and other lubricants items are used to reduce friction and heating in vehicles, industrial factories and other machines. All these are prepared from crude oil. Most of the crude oil comes from the Middle East and Gulf countries. Due to the war, the import of crude oil decreased and its production in India started decreasing. There is also a possibility of stock being dumped for black marketing at some places.

The result was that the prices of lubricants items have increased by 35 to 40 percent within a month. Their sales have also been affected due to increase in prices. Sales have reduced by about 40 percent. The worst impact has been on the lubricants used in vehicles.

Strength of shopkeepers and problems of customers

Rajendra Lakhani, who runs a shop in 22 warehouse area of ​​Jaipur city, has put up posters at his shop. In this hand-made poster it is clearly stated that the prices have increased due to the war between Iran, Israel and America. Because of this, they are forced to sell goods at higher prices.

An emotional message has been written in the poster that he considers the customer as his God. They don’t want to upset him at all, but because of the war they are forced to sell goods at higher prices. The emotional message written on the poster is heart touching. People who come to buy oil and other items for servicing vehicles say that if the items used in servicing are expensive then it is natural that the total cost of servicing will increase.