West Asia war raises bitumen costs, slows Barapullah III work in Delhi

The war in West Asia has driven up bitumen prices, slowing work on key road projects in Delhi, including the Barapullah Phase III elevated corridor. Public Works Department officials say supplies are intermittent due to shortages and cost hikes over the past month. Though the war has ended, its effects are expected to linger for months.

Road works under Delhi's Public Works Department (PWD), including repairs, new builds and the Barapullah Phase III elevated corridor, have slowed over the past month due to higher prices of petroleum products like bitumen, triggered by the West Asia war, PWD officials said.

The 3.5-km Barapullah Phase III extension of Phases I and II is 90% complete, with a revised June deadline. Officials noted intermittent supplies: "We received 20 tonnes yesterday, used today. Fifteen days ago, work stopped due to non-availability," one said on the project. Without regular bitumen, the deadline risks slipping.

Other affected works include strengthening 153 stretches over 400 km and repairing 128 stretches, with only 60 km done by the March 31 deadline. PWD has proposed extending it to July 31, pending Cabinet approval. Stretches like Bipin Chadrapal Marg to CR Park and Mathura Road are included.

Contractor Sudeer Nimesh, working in Trans-Yamuna areas like Sonia Vihar, said 80% of work has slowed, missing the March 31 target. Bitumen prices rose from Rs 40 per kg to Rs 65 since March. A senior PWD official expects resolution in three-four months, as "the war is over but its impact will linger." The project's cost has escalated from Rs 1,260.63 crore to Rs 1,635.03 crore, with further rises possible.

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Dramatic illustration of fiery oil tanker attack in Strait of Hormuz driving Brent crude prices over $100, with naval response, reserve releases, and India inflation impacts.
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West Asia conflict surges oil prices past $100 per barrel

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Brent crude oil prices have exceeded $100 a barrel amid Iranian attacks on commercial shipping and disruptions in the Strait of Hormuz. The International Energy Agency and the United States are releasing oil reserves to counter supply concerns. In India, the crisis is fueling inflation risks, higher agricultural input costs, and trade disruptions.

Building on earlier concerns over GDP growth projections, the escalating West Asia war is pressuring Indian equity markets and disrupting footwear and textile sectors through supply shortages and cost spikes. Prashant Jain of 3P Investment Managers views the impact as marginal and transient, while industry reports show input costs up 10-50%.

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The Iran war has completed 21 days, severely affecting India's economy, fuel prices, and supplies. Crude oil prices have risen from $70-73 to $108-110 per barrel, with the rupee hitting 93.70 against the dollar. Six Indians have been killed in West Asia amid the conflict.

Escalation of conflict between Iran, the United States, and Israel has led Iran to order the closure of the Strait of Hormuz, halting tanker traffic and driving global oil prices above US$80 per barrel. The effects extend to Europe, which is now reconsidering plans to end Russian gas imports, while Indonesia pushes for de-escalation via the D-8 organization and assures stable fuel supplies.

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Escalation of conflict between the US, Israel, and Iran in the Middle East has driven global oil prices above US$100 per barrel, weakening the rupiah to Rp17,000 and sharply dropping the IHSG. The Indonesian government asserts the domestic economy remains in expansion despite risks of inflation and layoffs. Energy Minister Bahlil Lahadalia guarantees no increase in subsidized fuel prices until Eid.

미국과 이스라엘이 이란에 대한 대규모 공격을 시작한 지 일주일 만에 유가가 배럴당 90달러를 넘어섰다. 이 충돌은 중동 전역으로 확대되며 석유 공급을 중단시켰고, 호르무즈 해협 통과가 불가능해졌다. 전 세계 소비자들은 휘발유와 디젤 가격 상승으로 영향을 받고 있다.

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월요일 미국-이스라엘의 이란과의 전쟁 확대로 중동 주요 산유국들이 공급을 줄이면서 유가가 약 20% 급등해 2022년 7월 이후 최고치를 기록했다. 이라크와 쿠웨이트는 생산을 줄였으며, 호르무즈 해협에서의 장기 교란 우려가 커지고 있다. 분쟁이 신속히 해결되더라도 전 세계적으로 수 주 또는 수 개월간 연료 비용 상승이 지속될 수 있다.

 

 

 

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