Union Minister Defends Fuel Price Increase as Global Tensions Drive Costs

Hyderabad — Union Coal and Mines Minister G. Kishan Reddy has pushed back against mounting political opposition to the latest fuel price increase, attributing the rise to geopolitical developments beyond New Delhi's control.

Speaking with journalists in Hyderabad on Friday, Kishan Reddy contended that Congress and BRS were leveraging the price hike for political advantage while making unfounded claims about the government's intentions. He urged citizens to disregard statements from leaders of both parties, characterizing their allegations as misleading.

The new petrol and diesel rates took effect from 6 am on Friday morning following announcements by oil companies. The increase exceeded Rs 3 per litre across the nation.

Global Factors Behind the Hike

Kishan Reddy attributed the price adjustment to the escalating US-Iran tensions, which he said made the increase inevitable. He stressed that the government's objective was not to impose hardship on citizens but to respond to international market realities.

The Minister explained that India's substantial expenditure on crude oil imports reflects prevailing global conditions. The Centre's decision, he maintained, came after evaluating worldwide developments and their implications for domestic energy costs.

Kishan Reddy noted that comparable price increases had occurred in developed economies including the United States, Germany, and Japan, suggesting the phenomenon was not unique to India.

Political Backlash

Congress and BRS have both denounced the price increase, arguing it will add to the financial strain on ordinary people. Kishan Reddy's remarks represent the government's formal response to their objections regarding the decision's impact on household budgets and transportation costs.