Restaurant Stocks Fall as Oil Surge Sparks LPG Shortage Fears

Restaurant and food delivery stocks such as

Swiggy, Jubilant FoodWorks and Sapphire Foods India dropped up to 7% on March 12 as Brent crude crossed $100 per barrel. Rising oil prices and LPG shortages, triggered by the West Asia conflict, raised concerns over higher operating costs and possible disruptions for restaurants across India.