India Fights Back Against Middle East War Impact, Finance Minister Warns Against Spreading Panic
Facing fuel shortages and economic impact from the Middle East conflict, Indian Finance Minister Nirmala Sitharaman urged against spreading panic, highlighting government measures to support the economy.
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- 📰 Published: May 25, 2026 at 21:41
- 🔍 Collected: May 25, 2026 at 22:01 (20 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 20:25 (142h 23m after Collected)
As the Middle East conflict continues, the Indian government is working to mitigate the impact of fuel shortages. Finance Minister Nirmala Sitharaman stated that India cannot afford to spread panic, emphasizing the resilience of the Indian economy. With over 80% of India's crude oil imported, gasoline and diesel prices have been raised four times. Sitharaman noted that the government has reduced excise duties on fuel, sacrificing nearly 1 trillion rupees in revenue to ease the burden on citizens. Prime Minister Narendra Modi has also called on the public to practice energy conservation and utilize public transport.
FAQ
Why are fuel prices rising in India?
Due to the blockade of the Strait of Hormuz caused by Middle East conflicts, leading to global fuel supply shortages.