Vetted by NeuralPress's Multi-Agent Verifier for strict factual validity and event relevance. Our compliance engine cross-checks and filters search results to ensure zero false correlations or misleading content.
Government Daily Revenue Loss on Fuel
Daily revenue impact on oil marketing companies to keep retail fuel prices stable.
Primary Sources
PM Modi urges citizens to cut fuel use, avoid foreign travel - The Hindu
Prime Minister Narendra Modi addresses a public meeting at Parade Grounds in Secunderabad on May 10, 2026. | Photo Credit: G. Ramakrishna Amid elevated global crude oil prices and an energy crisis triggered by the U.S.-Iran war, Prime Minister Narendra Modi on Sunday (May 10, 2026) called for a collective participation to help the country withstand global economic uncertainties, supply chain disruptions and inflationary pressures.He urged citizens to make, what he described as, “nationally responsible” lifestyle choices and promote the use of local products, asking “how can the nation progress if we depend on imports for everything”.Mr. Modi appealed to people to avoid non-essential purchase of gold for one year to reduce pressure on foreign exchange outflows and advised against going on foreign tours. He said conserving foreign exchange reserves is an act of patriotism and urged people to avoid overseas vacations and destination weddings abroad. He pitched for domestic tourism and celebrations within the country.He suggested reviving some of the practices adopted during the COVID-19 pandemic, including work-from-home arrangements, online conferences and virtual meetings.In a 30-minute address at a public meeting on Parade Grounds in Hyderabad, the Prime Minister spoke about strengthening India’s economic resilience and promoting responsible living. He made a call to reduce petrol and diesel consumption, promote use of metro rail and public transport, car-pooling, and railway transport for freight movement, besides wider adoption of electric vehicles.Also Read | Prime Minister Narendra Modi attacks Congress on ‘betrayal of allies’Mr. Modi said patriotism was not limited to sacrificing one’s life for the country but also meant discharging responsibilities towards the nation during difficult times. Stressing that safeguarding national interests was not the responsibility of any one government or political party, he said every citizen, political party and organisation should work together to help the country overcome global challenges. He sought the support of the media in this regard.Referring to the impact of the COVID-19 pandemic and the Ukraine war on the global economy, the Prime Minister said supply chains had been severely disrupted, and prices of food, fuel and fertilizers had risen internationally. Despite these pressures, he said, the Centre was shielding farmers from the burden of rising fertilizer prices through subsidies. He said that fertilizer ...
Modi urges Indians to reduce petrol, diesel consumption amid ...
Indian Prime Minister Narendra Modi on Sunday urged the people of to cut down on petrol and diesel consumption amid supply disruptions due to the Middle East war. India is one of the few countries in the region that has not increased the prices of petrol and diesel for domestic consumers or rationed supplies. But it has increased prices of liquefied petroleum gas (LPG) — a primary cooking fuel in this country — after disruptions following the US-Israeli strikes on Iran, which led to Iran’s near-total blockade of the strategic Strait of Hormuz. “We have to reduce our use of petrol and diesel. In cities with metro lines, we should try to travel by metro … If we must use a car, then we should try to car pool,” he said, addressing a gathering in southern Telangana state. He added that restrictions on use were also necessary to save foreign currency spent on fuel imports. “We must also place a strong emphasis on saving foreign exchange, as petrol and diesel have become so expensive globally.” Modi also urged people to resume energy-saving schemes that were in place during the Covid-19 pandemic. “We should prioritise work from home, online conferences, and virtual meetings again,” he said. Hardeep Singh Puri, India’s minister for petroleum and natural gas, said oil marketing companies (OMCs) had taken a hit on their revenues while ensuring “uninterrupted energy imports and supply”. “OMCs are buying crude, gas and LPG at higher cost, but in order to protect consumers, they are selling final products at lower cost leading to massive mounting losses of upto 1,000 crore rupees per day,” Puri said Sunday on X. He added that losses for the government, after reducing taxes on diesel and petrol for domestic consumption, “saw revenue losses of 14,000 crore rupees in a month”. He urged citizens to turn Modi’s “empathetic appeal” into a mass movement “to save and conserve energy. “
Amid the ongoing global energy crisis, Narendra Modi urged ...
2 hours ago ... ... Modi further appealed to farmers to reduce chemical fertiliser usage by 50% to promote sustainable agriculture and reduce import dependence.".
PM Modi calls on Indians to use petrol, diesel with 'great restraint ...
17 hours ago ... Calling it the “need of the hour” amid the ongoing West Asia crisis, the PM said that reduced dependence on imported petro products would help save foreign ...
