While the LPG shortage in India has been creating a ruckus, the oil prices, on the other hand, declined sharply on Tuesday. Trading below USD 90 per barrel, the prices fell by almost 30 per cent after US President Donald Trump predicted the war in the Middle East could end soon.

Brent futures declined as much as 10.85 per cent to an intraday low of USD 88.22 per barrel from the previous close of USD 98.96 per barrel. At the last count (around 11 am), they were trading at USD 92.50, down 6.44 per cent, reported IANS.