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World / Asia

Indian PM urges public to cut fuel consumption, curb gold purchases

Published: 11 May 2026 - 11:16 am | Last Updated: 11 May 2026 - 11:17 am
File photo

File photo

New Delhi, India: Indian Prime Minister Narendra Modi has appealed to citizens to reduce their consumption of fuels like petrol and diesel, and to shun buying gold over the next year to save foreign exchange.

Addressing a public rally in India's southern state of Telangana on Sunday evening, Modi also stated that the work-from-home culture should be encouraged, and that people must opt for car-pooling for traveling between their homes and offices.

India usually imported nearly 85 percent of its crude oil needs, and was one of the world's largest importers of gold.

"The Prime Minister's appeal comes at a time when global crude oil prices have surged from nearly 70 dollars per barrel to around 126 dollars per barrel due to escalating tensions in West Asia and disruptions around the Strait of Hormuz," reported All India Radio