MAY 15, 2026
Tamil Nadu CM Vijay.
Newly elected Tamil Nadu Chief Minister Vijay on Friday slammed the increase in fuel price and asking the Centre to roll back the price hike.
Stating that the price hike is ‘unacceptable’, Vijay said the surge in prices would severely impact the purchasing power of the poor and downtrodden and urged the Centre to withdraw it at the earliest.
Earlier, senior Congress leader Rahul Gandhi also slammed the Centre for the price hike stating that the Centre has now increased fuel rates by only Rs 3 but will recover more money from the public in the form of instalments.
The Centre on Friday announced a Rs 3 per litre hike in petrol and diesel prices, marking the first revision in retail fuel rates in nearly four years. The increase takes effect immediately from Friday, pushing fuel prices higher across the country without any transition window.
The move comes amid relentless pressure from elevated global crude oil prices and mounting under-recoveries at state-run oil marketing companies as the ongoing West Asia crisis continues to disrupt global energy supplies. With crude remaining volatile and input costs surging, industry experts had warned that a fuel price correction was becoming unavoidable.
Soon after the elections to four state and the Union Territory of Puducherry concluded, Prime Minister Narendra Modi appealed to the public to adopt ‘economic patriotism’ and resort to Covid-era measures such as WFH amid the escalating tensions in West Asia arising from the US-Iran war.
PM Modi appealed to people to rationalize fuel usage, opt for carpooling or take public transport, avoid making trips to foreign countries and withhold buying gold for a year to conserve the country’s foreign exchange reserves.
Courtesy/Source: MoneyControl / PTI
