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Govt Shields Consumers from Fuel Price Hike Amid West Asia Crisis

Political leaders have praised the government's move to reduce excise duties on petrol and diesel to protect consumers from potential price hikes. The decision comes amid escalating tensions in West Asia, which threaten global oil supplies through the Strait of Hormuz. BJP spokespersons and MPs commended Prime Minister Narendra Modi for prioritizing national interest and public welfare. The opposition's criticism of the government was also addressed by supporting ministers.

Key Points: Govt Cuts Fuel Duty Amid Crisis, Political Leaders Praise Move

  • Fuel excise duty slashed
  • Aimed at shielding consumers
  • Decision amid West Asia crisis
  • Opposition criticism addressed
3 min read

Political leaders praise govt's move to shield consumers from fuel price hike

Political leaders commend the government's decision to reduce excise duty on petrol and diesel to protect consumers from global oil price shocks.

"This thoughtful, bold, and very determined decision by Prime Minister Narendra Modi... will have a very positive multiplier effect - C.R. Kesavan"

New Delhi, March 27

Political leaders on Friday commended the government's recent measure to shield consumers from a potential rise in fuel prices amid the ongoing West Asia crisis.

Union Minister of State (MoS) for Agriculture and Farmers Welfare Ram Nath Thakur lauded the government's decision, calling it very important, while also commenting on the opposition's stance.

Speaking to ANI, Thakur stated, "The decision taken by the Government of India is very important and has been taken for the benefit of the common people..." Commenting on the opposition's reaction, he added, "Opposition party has a work to oppose everything, they are doing their work and we are doing our work...The opposition should feel ashamed when they level allegations against the Prime Minister, who has slashed excise duty on petrol and diesel..."

Bharatiya Janata Party (BJP) spokesperson C.R. Kesavan, on Friday, said the government's decision was thoughtful, bold and very determined. Kesavan says, "This thoughtful, bold, and very determined decision by Prime Minister Narendra Modi to reduce excise duty on petrol and diesel will have a very positive multiplier effect in each and every Indian household, and this will also tremendously boost the confidence in our country... "

"We thank the PM for this thoughtful decision... Unlike the erstwhile Congress regimes whose motive was always electoral profit, when confronted during crisis and challenges, PM Narendra Modi's priority has always been national interest, and the welfare and well-being of the people have been of paramount importance to the PM..." he added, thanking Prime Minister Narendra Modi.

BJP MP Hema Malini also praises the government's decision to reduce the excise duty on petrol and diesel says, "It has become the habit of some people to speak against our Modi ji. We know that our government and Modi ji are doing very good work in every sector."

"We should be very careful about making any such statements (on reports suggesting the government could push for a lockdown amid the West Asia crisis)," she adds.

The remarks come after the Central government reduced excise duty on petrol to 23 per litre and brought it down to zero for diesel, as per a Gazette notification issued under the provisions of the Central Excise Act, 1944. Additionally, a windfall tax of 21.5 per litre has been imposed on diesel exports.

The decision follows escalating tensions in West Asia, particularly the ongoing conflict involving the United States, Israel, and Iran, which has led to a blockade of the Strait of Hormuz--a crucial route that handles nearly one-fifth of the world's crude oil supply. Before the crisis, India sourced around 12-15% of its oil imports through this route.

- ANI

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Reader Comments

S
Sarah B
While the relief is welcome, this feels like a temporary fix. The global situation is volatile. What is the long-term strategy to shield our economy from such external shocks? We need more focus on renewable energy sources.
V
Vikram M
The opposition's criticism seems hollow here. When global oil prices spike due to no fault of our own, the government has to take steps. Reducing excise duty directly benefits every two-wheeler and car owner. Good move. 👍
P
Priya S
Hope this benefit actually reaches us. Sometimes the oil marketing companies don't pass on the full reduction. The government should ensure strict monitoring so that the common citizen gets the complete relief.
R
Rohit P
The windfall tax on diesel exports is a smart parallel move. It prevents companies from making excessive profits by selling abroad while we face a crisis at home. Balanced policy-making.
K
Karthik V
With all due respect to the leaders praising the move, let's not forget that fuel taxes in India are still among the highest in the world. A reduction during a crisis is the bare minimum expected. The real test is bringing structural reform to the tax regime.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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