Oil prices expected to jump by 20%, says World Bank

Washington: The prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20% this year, the World Bank has said in a report. This is expected to have an adverse impact on India, given that the country is heavily dependent on import of major energy commodities. Agricultural commodities, including food, are anticipated to see a price rise of over 2% this year. PTI