Updated
Updated · Bloomberg · May 10
Modi urges Indians to cut fuel use and avoid unnecessary travel
Updated
Updated · Bloomberg · May 10

Modi urges Indians to cut fuel use and avoid unnecessary travel

7 articles · Updated · Bloomberg · May 10
  • Speaking in Hyderabad on Sunday, the prime minister said petrol, diesel and gas should be used carefully to save foreign currency.
  • He warned that oil price rises linked to the Iran war could increase India's import bill and put pressure on foreign-exchange reserves.
  • The appeal signals concern over the economic fallout from the conflict for India, a major oil importer vulnerable to higher global energy costs.
With the Strait of Hormuz closed, how will India's pivot to Russian oil reshape its alliances and the course of the Iran war?
Can household savings on fuel and gold truly counter a multi-billion dollar economic crisis fueled by war?
Is the global energy shock from the Iran war the final catalyst needed to force a worldwide transition away from fossil fuels?