Israel-Hamas war: Petrol, diesel price concerns, says Nirmala Sitharaman

In this article, we will talk about the Israel-Hamas war on Petrol prices. Finance Minister Nirmala Sitharaman on 13 October 2023 managed concerns that the Israel- Hamas battle would affect fuel costs. It has been a problem that is also echoed by other emerging economies, Reuters reported. Since the news came on the internet it has been gaining huge attention from people. This news left many questions in people’s minds and now they are very curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article.

Nirmala Sitharaman

According to the report, at the G20 Presidency briefing in Morocco, where the 4th G20 Finance Ministers and major bank governors meeting happened. Sitharaman stated the ongoing crisis in the Middle East- has re-fuelled cost concerns. She said “With the recent trouble in the Middle East, concerns on fuel have been back again, the fears that numerous nations expressed. Concerns and uncertainties have been about peace as an optimistic factor. Fuel concerns impacting food security aspects impact on inflation, and fragmentation of supply chains were the three main concerns in the near future. Scroll down to the next page for more information about the news.

Moneycontrol reported, that the finance minister also reported that emerging markets have been going to the development drivers or “engine of growth” for the world, adding that it is these economies that have been seeing “significant growth”. She also said there will be obvious signals toward development momentum, which will be circulated as a positive contagion to all other terrains. That will be one of the impacts that most of us are recognizing. You are on the right page for more information about the news, so please read the complete article.

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Sitharaman also stated that the fragmentation of international supply chains is another major concern. Now the finance minister has been on an official visit to Marrakech, Morocco, following the IMF-World Bank Annual Meetings 2023. She encountered on 13 October 2023 in conversation with US Treasury Secretary Janet Yellen about the policy preferences of the International Monetary Fund (IMF) and how the organization should supply aid to its members. The meeting happened on the sidelines of the continuing IMF-World Bank Annual meetings in Marrakech. Here we have shared all the information if we get any information then we will update you soon. Stay tuned to us for more updates.

Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.