New Delhi, May 23 -- With global crude oil prices rising from around USD 65-70 per barrel to over USD 110, an increase of nearly 70 per cent, concerns are growing globally over the impact on inflation, fuel prices and government finances.

Against this backdrop, ANI spoke to Anish De, Global Head of Energy & Natural Resources at KPMG, on how India is managing the sharp rise in crude prices and its impact on consumers and the economy.

"There have been increases, but very small increases in comparison with the need. Retail prices of petrol and diesel have gone up by about 5 per cent, and that is a big difference," Anish told ANI.

On the economic impact, he noted that while diesel prices may cause some effect, the immediate concern is the ...