News > Petrol and diesel are likely to get more expensive as the cost of crude oil hits a seven-year high
Petrol and diesel are likely to get more expensive as the cost of crude oil hits a seven-year high
![](https://www.businessinsider.in/photo/89559986/petrol-and-diesel-are-likely-to-get-more-expensive-as-the-cost-of-crude-oil-hits-a-seven-year-high.jpg?imgsize=70712)
Business Insider | 14/02/2022 01:00 PM | Click to read full article
Crude oil prices have risen to their highest level at a 7-year high as markets fear a full-blown war between Russia and US over Ukraine.
To make matters worse, the cost of crude oil is likely to stay high due to the fear of a conflict in Ukraine. Rising fuel prices could make the biting inflation in India worse.