PM Modi Urges Citizens to Cut Gold Buying and Fuel Usage
PM Narendra Modi urged citizens to avoid gold purchases, reduce fuel consumption, and conserve foreign exchange amid the ongoing West Asia crisis.
Ellofacts
Prime Minister Narendra Modi has appealed to citizens to avoid purchasing gold next year, reduce fuel consumption, and help conserve the country’s foreign exchange reserves amid ongoing tensions in West Asia.
Speaking at an event in Hyderabad, the Prime Minister highlighted the economic challenges arising from the global energy crisis and urged people to adopt more responsible spending habits. He also encouraged organisations and employees to consider reviving work-from-home practices to help lower fuel consumption.
The appeal comes as international crude oil prices have risen sharply due to escalating geopolitical tensions in West Asia and disruptions in the Strait of Hormuz. Global oil prices reportedly climbed from nearly 70 dollars per barrel to around 126 dollars per barrel, increasing concerns over inflation and import costs for countries dependent on fuel imports.
PM Modi also advised citizens to limit unnecessary expenditure and use resources carefully during the current global uncertainty. In addition, he called on people to reduce edible oil consumption and encouraged farmers to minimise reliance on imported chemical fertilisers by adopting sustainable alternatives.
The government’s focus remains on controlling the impact of rising global commodity prices on the Indian economy while ensuring long-term economic stability and efficient use of resources.
