Global Energy Crisis Drives Unavoidable Fuel Price Hike
Union Minister G Kishan Reddy explained the unavoidable fuel price hike amid a global energy crisis. He urged public understanding while opposing misinformation, citing international conflict and transport issues. The increase follows election season and impacts welfare program funding due to fiscal strains on the government.
- Country:
- India
In a statement on Friday, Union Minister G Kishan Reddy discussed the recent fuel price hike, attributing the increase to an unavoidable global energy crisis. Addressing the media, he called for public understanding of the complex international factors leading to this situation.
Reddy criticized opposition parties for allegedly attempting to provoke the public over the issue, stressing that no domestic causes were to blame for the hike. He pointed to the ongoing conflicts in West Asia as a significant barrier to smooth crude oil transportation, which has disrupted supply chains worldwide.
The minister highlighted that fuel prices have surged globally, including a 40 percent rise in countries like the US. He warned that reduced government revenue could jeopardize welfare programs, drawing parallels to PM Narendra Modi's leadership during the Covid-19 crisis's fiscal challenges.
(With inputs from agencies.)
ALSO READ
India is ready to extend all possible support to bring peace: PM Modi on West Asia conflict.
The impact of West Asia conflict is being felt globally: PM Modi during talks with UAE president.
Delhi Embraces Sustainable Commutes Amid West Asia Conflict
Andhra Pradesh's Strategic Response Amidst West Asia Conflict
Andhra Pradesh's Strategy to Combat West Asia Conflict Impact
Google News