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PM Modi’s Big Appeal Amid Iran War Sparks Debate Over Possible Fuel Price Hike

PM Modi’s Big Appeal Amid Iran War Sparks Debate Over Possible Fuel Price Hike

Business Today
Business Today
  • New Delhi,
  • May 12, 2026,
  • Updated May 12, 2026, 1:08 PM IST

Amid escalating tensions involving Iran and growing fears over disruptions in the Strait of Hormuz, Narendra Modi has urged citizens to adopt austerity measures under the message “Nation First, Duty Above Comfort.” Modi appealed for greater use of public transport, carpooling, electric vehicles, and reduced luxury spending as global oil markets face extreme volatility. Government oil companies are reportedly suffering massive losses while crude prices surge and the rupee weakens sharply against the dollar. Opposition leaders including Rahul Gandhi and Akhilesh Yadav criticised the Centre, questioning its energy preparedness and crisis management.

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