New Delhi, March 23 -- Samajwadi Party MP Ram Gopal Yadav said on Monday that the ongoing West Asia conflict is hurting the global economy and affecting India, citing rising gas prices, potential fuel hikes, and losses for oil companies.

Speaking to reporters, he said, "This war is having a negative impact on the global economy. India is not immune. Hotels are closing. The price of commercial gas has just been increased by Rs 22, and the massive shortage that is going to happen is causing huge losses for our oil companies. I feel that the government is waiting for the elections to be held before raising the prices of petrol and diesel by Rs 50-60 per litre."

Criticising the government, he said that they only care about the industrialist...