New Delhi, April 23 -- An oil shock triggered by global supply disruptions is likely to result in higher electricity costs in India, according to a report by ISI Markets, which highlighted the strong link between fossil fuel prices and power tariffs in the country.

The report noted that electricity prices in India have historically followed movements in fossil fuel prices such as crude oil and coal. As oil prices rise due to supply shocks, including disruptions in key global routes, the impact is expected to be passed on to electricity costs for both households and industries.

It stated, "Households and corporates - especially in industry - will have to contend with rising electricity price resulted from supply shock".

It stated that c...