PM Modi’s Austerity Push & Fuel Price Hike: Are More Petrol Price Increases Coming?

Fuel prices are back in focus after the first major hike in four years, with oil marketing companies under pressure from elevated global crude prices and a weakening rupee. In this interview, market expert Mayuresh Joshi explains why the recent increase may not be the last and how rising Brent crude prices, macroeconomic pressures and the ongoing West Asia crisis are shaping market sentiment. He also decodes Prime Minister Narendra Modi’s recent call for austerity and responsible consumption, calling it a step aimed at protecting India’s fiscal and macroeconomic stability.

The discussion also covers the market’s range-bound movement over the past two weeks, the pressure on the Indian currency, expectations from global geopolitical developments, and why investors are already bracing for a weak first quarter. Watch the full conversation for insights on fuel prices, OMC losses, oil markets, the Indian economy, and what could drive the next move in equities.