Industry leaders endorse PM’s appeal
TVS Motor Company Chairman Venu Srinivasan said the Prime Minister’s message reflected the need for prudence and self-reliance during a period of global uncertainty triggered by the conflict in West Asia.
Bharti Enterprises Chairman Sunil Bharti Mittal also backed the proposals, saying the current situation required India to “double down” on economic discipline and domestic strength.
Fuel-saving measures move centre stage
Unlike several countries that have either raised domestic fuel prices or imposed restrictions following the disruptions, India has so far avoided rationing petrol and diesel supplies.
However, the government has already increased prices of liquefied petroleum gas (LPG), a key cooking fuel used by millions of households.
Echoes of the pandemic era
The call to revive work-from-home and online meetings has triggered comparisons with the Covid-19 period, when offices across India rapidly shifted to remote operations to reduce travel and fuel consumption.
The proposals also come as governments and businesses worldwide reassess energy security and economic vulnerabilities linked to the prolonged instability in West Asia.
Analysts said Modi’s remarks appeared designed to prepare the public for a potentially extended period of elevated oil prices and supply uncertainty without creating panic over shortages.
India remains one of the world’s largest consumers and importers of crude oil, making any sustained disruption in energy markets a major economic concern.
Separately, Praveena Rai, Managing Director and CEO of Multi Commodity Exchange of India Ltd (MCX), said the bullion segment remained a strong performer during FY26, with transactions in bullion, energy and metals continuing to grow sharply amid global uncertainty.
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