PM MODI'S PETROL WARNING: FUEL PRICES RISING SOON?

PM Modi has urged citizens to use petrol, diesel and gas with “great restraint” amid rising pressure from the West Asia conflict and Iran crisis. India imports most of its crude oil, so higher global crude prices can directly increase India’s import bill, foreign exchange pressure and inflation risk. At the same time, oil marketing companies like Indian Oil, BPCL and HPCL are reportedly absorbing massive losses to keep petrol, diesel and LPG prices stable for consumers. Reports suggest these OMC losses are around ₹1,600–₹1,700 crore per day and have crossed ₹1 lakh crore in recent weeks. So, are petrol and diesel prices going to rise in India soon? In this video, we explain the real reason behind PM Modi’s fuel warning, the impact of crude oil prices, Iran conflict, global energy risk, OMC losses and what this could mean for common people.