Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Moody’s Ratings Changes Seplat Energy’s Outlook to Positive

    September 5, 2026

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    September 5, 2026

    Zcash Tops $1,000 as Investors Rotate into Privacy Coins

    September 5, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Moody’s Ratings Changes Seplat Energy’s Outlook to Positive
    • Fitch Affirms Qatar at ‘AA’ with Negative Outlook
    • Zcash Tops $1,000 as Investors Rotate into Privacy Coins
    • Ripple XRP Price Declines on U.S. Fed Rate Hike Fears
    • SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst
    • FG Opens N2.5bn Grant Window for 50 Student Innovators
    • Oil Prices Rise 8% as US-Iran Tensions Heighten Energy Risk
    • Binance Coin Rises on Pasteur Upgrade, Kalshi Listing Optimism
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, September 5
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Foreign » Indian PM Urges Public to Cut Fuel Consumption, Curb Gold Purchases

    Indian PM Urges Public to Cut Fuel Consumption, Curb Gold Purchases

    Olu AnisereBy Olu AnisereMay 11, 2026 Foreign No Comments1 Min Read
    Indian PM Urges Public to Cut Fuel Consumption, Curb Gold Purchases
    Narendra Modi, Indian PM
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Indian PM Urges Public to Cut Fuel Consumption, Curb Gold Purchases

    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, 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 per cent 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 70 dollars per barrel to 126 dollars per barrel due to escalating tensions in West Asia and disruptions around the Strait of Hormuz. #Indian PM Urges Public to Cut Fuel Consumption, Curb Gold Purchases#

    Libya Oil Firm Takes Full Control of Country’s Largest Refinery

    India Narendra Modi
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Olu Anisere
    • Website
    • LinkedIn

    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

    Keep Reading

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    China, Not OPEC, Calls Shots on Global Energy Markets – Sechin

    Asian Nations Rush to Expand Energy Storage After Strait of Hormuz Crisis

    Canada’s Immigration Cut Exposes Economic Cracks

    Egypt Welcomes President Xi Jinping to Cairo as Ties Deepen

    Global Warming Set to Breach 1.5°C Threshold, UNEP Warns

    Add A Comment

    Comments are closed.

    Editors Picks

    Moody’s Ratings Changes Seplat Energy’s Outlook to Positive

    September 5, 2026

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    September 5, 2026

    Zcash Tops $1,000 as Investors Rotate into Privacy Coins

    September 5, 2026

    Ripple XRP Price Declines on U.S. Fed Rate Hike Fears

    September 5, 2026

    SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst

    September 5, 2026
    Latest Posts

    Fitch Affirms Qatar at ‘AA’ with Negative Outlook

    September 5, 2026

    China, Not OPEC, Calls Shots on Global Energy Markets – Sechin

    September 4, 2026

    Asian Nations Rush to Expand Energy Storage After Strait of Hormuz Crisis

    September 3, 2026

    Canada’s Immigration Cut Exposes Economic Cracks

    September 2, 2026

    Egypt Welcomes President Xi Jinping to Cairo as Ties Deepen

    September 2, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.