Brent Crude Near $85: Why Rising Oil Prices Could Impact Every Indian Household

Brent crude has climbed close to the $85-per-barrel mark, reviving inflation concerns in India, one of the world's largest oil importers.

India imports more than 80% of its crude oil requirements; sustained high prices can increase the import bill, pressure the rupee, and widen the trade deficit.

Higher oil prices affect transportation, manufacturing, logistics, and consumer spending, potentially raising costs for groceries, airfares, and everyday products.

HSBC recently raised its 2026 Brent crude forecast to $95 per barrel, citing geopolitical risks and potential supply disruptions.