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#
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