PM Modi Advises Indians to Skip Foreign Travel India as Fuel Prices May Rise Soon
Skip foreign travel India: As the global oil crisis worsens because of the Middle East war, Prime Minister Narendra Modi on Sunday asked people to work from home again, use less fuel, and hold off on buying gold for weddings for a year to help save foreign exchange. Here is a video of PM Modi on X.
Skip Foreign Travel India: PM Narendra Modi Urges Citizens To Save Fuel
PM Modi latest news: The Prime Minister spoke after fuel prices hit record highs around the world, from the US to Pakistan, because of the war in Iran. So far, most Indians have not felt these increases, but that could change soon.
During an event in Secunderabad, he mentioned the Corona time, when people had to rely on digital systems, work from home, and attend online meetings and video conferences.
He explained that going back to these habits would help India save foreign exchange, which is especially important during this global crisis. Fuel Saving to National Interest.
The Prime Minister’s request comes after global crude oil prices jumped from about USD 70 to around USD 126 per barrel.
This increase is due to rising tensions in West Asia and problems in the Strait of Hormuz, a key oil route.e.
PM Modi did not directly say that prices would go up, but he kept asking people to use less petrol and diesel.
He also indicated that petrol and diesel prices have become high worldwide. Hence, it is the responsibility of citizens to conserve foreign exchange, which is only possible with minimal use of petrol and diesel.
At this crucial time, the Prime Minister asked people to watch their spending as global energy costs rise. People are not to buy gold for weddings for one year,” he said.
Petrol and Diesel Prices May Rise Before May 15
Skip foreign travel India: The Prime Minister’s comments come as government and industry sources say fuel prices in India might rise for the first time in almost 4 years.
A day TV report, petrol and diesel prices could rise before May 15, as oil companies are losing money due to high crude prices.
RCES, Indian Oil, Bharat Petroleum, and Hindustan Petroleum together are losing almost 30,000 crore every month.h.
Fuel Crisis India: Petrol, Diesel Prices May Jump ₹5, LPG ₹50 Costlier
Petrol diesel price: With current global crude prices, the government and oil companies are covering almost 24 per litre for petrol and 30 per litre for diesel to protect consumers from the full impact of the crisis.
If approved, petrol and diesel prices could go up by about 4 to 5 per litre, and domestic LPG cylinders might cost 40 to 50 more.
PM Modi Fuel Saving Tips: ‘Use Less Edible Oil, Cut Chemical Fertilisers’
Fuel saving tips India: Prime Minister Narendra Modi also told people to reduce their consumption of edible oil, and requested farmers not to depend much on chemical fertilisers.
According to him, reducing edible oil use in households will contribute to a high level of patriotism. This will not only benefit the national treasury but also improve the health of every family member.
He also linked the global crisis to India’s farm imports, noting that the country spends heavily on imported fertilisers.
Modi also highlighted agriculture as another major sector that consumes foreign currency, as India imports large quantities of chemical fertilisers.
He suggested cutting chemical fertiliser use by half and switching to natural farming. This would save foreign currency and help protect farms and the environment.
Middle East Conflict Deepens Global Oil Crisis, Hits Fuel Supply Routes
PM Modi latest update: Unrest in the Middle East has worsened the energy crisis, disrupted shipping routes, and raised concerns about global crude oil supplies.
Almost 20 percent of the world’s oil goes through the Strait of Hormuz, where traffic has been badly affected by the conflict. conflict.
Countries like Bangladesh have started fuel rationing and Sri Lanka has cut working days to handle the crisis, but India has not faced shortages or long lines at petrol pumps so far.
India has responded by raising LPG production from 36,000 to 54,000 tonnes per day, bringing in crude oil from more sources, and running refineries at full capacity.
The government also cut excise duties earlier to help protect people from rising international prices.
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He suggested work from home to reduce daily fuel consumption during the global oil crisis. Fewer vehicles on roads can lower petrol and diesel use, helping India reduce fuel imports and save foreign exchange reserves during rising crude oil prices worldwide.
Fuel prices are rising because global crude oil prices have increased sharply. India imports a large amount of crude oil from other countries, so international price hikes directly affect petrol, diesel, and LPG costs for consumers across the country.
He advised people to avoid buying gold for a year because gold imports also require large amounts of foreign currency. Reducing unnecessary imports can help India save foreign exchange reserves during the ongoing global economic and oil crisis.
Using less fuel reduces oil imports, which helps save foreign exchange reserves. It can also lower pressure on the government and oil companies that are trying to protect consumers from the full impact of rising international crude oil prices.
There is a possibility of price hikes if global crude oil prices remain high. Reports suggest petrol and diesel prices could rise by ₹4-5 per litre, while domestic LPG cylinders may become ₹40-50 more expensive if changes are approved.
