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Price Hike

Fuel prices are back in the political spotlight as the Congress party launches a sharp attack on the Modi government over the latest petrol and diesel price hike. Calling PM Narendra Modi “Mehngai Man”, Congress leaders including Mallikarjun Kharge, Rahul Gandhi and K C Venugopal accused the Centre of pushing the burden of economic pressure onto ordinary citizens right after elections. The opposition has alleged that while global crude oil prices saw periods of decline, the government failed to provide relief to the public and instead increased fuel costs once polling concluded. Kharge described the situation as a “Modi-made crisis”, linking rising inflation, expensive fuel and growing pressure on middle-class and poor families to the Centre’s economic policies.

Updated 7 days ago

What is the Strait of Hormuz, and why does it matter to India? Iran is now threatening to block this critical oil route after US strikes on its nuclear facilities. Nearly 20&#37 of the world’s oil passes through this narrow stretch. If Iran shuts it, global oil prices could skyrocket, pushing petrol prices in India through the roof. How prepared is India? What’s America’s strategy? Will China step in? Watch this explainer to know how a 33 km waterway can impact your fuel, flights, and monthly expenses.

Updated 11 months ago

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