Crude unlikely to return to pre-war levels soon; India's import bill may rise $70bn annually: Report

New Delhi [India], April 15 (ANI): Crude oil prices have risen sharply due to the ongoing West Asia conflict and are not expected to return to the earlier level of $65 per barrel in the near term, according to a report by brokerage firm Prabhudas Lilladher. The report noted that the increase in prices is likely to persist, keeping India's import bill elevated for the coming months.