Congress MP Rahul Gandhi has criticized the Central government over the fourth fuel price hike in 10 days, calling Prime Minister Narendra Modi 'Inflation Man Modi'. Gandhi alleged that the government is quietly fleecing citizens' pockets by increasing fuel prices in installments.
He claimed that while fuel prices were kept under control during elections, they are now being increased and will continue to rise further.
The latest revision follows three successive hikes in recent days, with petrol and diesel prices increased by ₹3 per litre each, ₹0.90 per litre, and ₹0.87 per litre and ₹0.91 per litre respectively.
The repeated fuel price hikes come amid sustained pressure on oil marketing companies due to elevated global crude oil prices, fluctuations in currency exchange rates, and concerns over supply disruptions linked to the ongoing tensions in West Asia.
The continued hikes in petrol, diesel, and CNG prices are likely to increase logistics and transportation costs further, potentially triggering a cascading effect on retail inflation and impacting household budgets as well as commercial transport sectors across the country.
