New Delhi: Prime Minister Narendra Modi recently urged citizens to save petrol and diesel, use public transport, and revive work-from-home practices after Oil Crisis Warning. While many initially viewed the appeal as a precautionary advisory, fresh data shared by Union Minister Hardeep Singh Puri has raised serious concerns about the country’s fuel economy.
According to the minister, government oil companies are currently facing losses of nearly ₹1,000 crore every day due to rising global crude oil prices.
Oil Companies Facing Massive Financial Pressure
Hardeep Singh Puri revealed that international prices of crude oil, LPG, and natural gas have increased sharply. Oil marketing companies are buying fuel at very high rates but continue selling petrol, diesel, and cooking gas at lower prices to protect consumers from inflation.
He warned that the total losses of oil companies could reach nearly ₹1 lakh crore during the current quarter. The under-recovery gap between purchase cost and selling price may even cross ₹2 lakh crore if the situation continues.
Government Already Reduced Excise Duty
The minister also highlighted that the government reduced excise duty to provide relief to citizens. However, this move reportedly caused a revenue impact of nearly ₹14,000 crore every month on the central treasury.
Experts believe the government wants to avoid directly increasing fuel prices and instead encourages people to reduce consumption voluntarily.
Amit Shah Supports PM Modi’s Oil Crisis Warning Appeal
Union Home Minister Amit Shah backed PM Modi’s fuel-saving message and described it as an important step toward building an energy-secure and self-reliant India.
He said reduced fuel usage, work-from-home practices, and natural farming can help India face global challenges more effectively.
Amit Shah also stated that these measures can strengthen India’s economy and reduce dependence on imported fuel.
India’s Heavy Dependence on Imported Oil
India imports nearly 80 percent of its fuel requirements, making the country highly vulnerable to global instability and rising crude oil prices.
Officials fear that if fuel consumption remains high and losses continue increasing, the government may eventually have to take tougher economic decisions.
Experts believe conserving energy and reducing unnecessary fuel use can protect India’s foreign exchange reserves and reduce pressure on the banking sector.
Focus on Energy Conservation and Sustainable Habits
The government is now trying to turn the PM Modi Fuel Saving Appeal into a public movement. Citizens are being encouraged to adopt energy-saving habits such as:
- Using public transport
- Carpooling
- Working from home
- Reducing unnecessary travel
- Switching to sustainable alternatives
The appeal reflects growing concerns over the global energy crisis and India’s long-term economic stability.
5 Key Highlights of Oil Crisis Warning:
- PM Modi urged citizens to save petrol and diesel.
- Oil companies reportedly face losses of ₹1,000 crore daily.
- Hardeep Singh Puri warned about rising global crude prices.
- Amit Shah supported work from home and energy-saving measures.
- Government aims to reduce economic pressure and fuel imports.
