Hello Abhishek, same thing I too am saying that it is not due to the oil prices that inflation is going up. It is due to the more demand where as supply is still the same. But why is the demand going up? bcoz of better purchasing power. I remember last year when sensex was going up everyone was praising themselves that they are able to take intelligent decisions and therefore are able to book good profits but when sensex crashed everyone started blaming govt for the loss :) (I too am in loss)
