Crude Oil Crisis

West Asia War Burns a Rs 100 Crore Hole in Himachal’s Roads Budget

Public Works Minister Vikramaditya Singh revealed that the Israel-USA-Iran conflict has triggered a 25% spike in bitumen prices. Consequently, road construction costs in Himachal Pradesh have escalated by ₹4 lakh to ₹12 lakh per kilometer, causing a massive ₹100 crore impact on state projects under PMGSY and NABARD schemes.