Fuel Prices Hike: The effects of the ongoing tension in the Middle East are being seen across the world. Due to this, oil prices are continuously increasing, due to which the prices of petrol and diesel are also increasing in India. If this struggle continues like this for a long time, then the prices of petrol and diesel in India may increase further. We are not saying this but Reserve Bank of India (RBI) Governor Sanjay Malhotra himself has said this.

What did the RBI Governor say?
On Tuesday, RBI Governor Sanjay Malhotra had arrived in Switzerland to attend a conference organized by the Swiss National Bank and the International Monetary Fund. During this, he said in his address that, ‘If this situation continues for a long time, then the government will have to pass on some of the burden of the increase in prices on the customers.’ He further said that as the conflict continues, excise duty has been cut, while government fuel retailers are bearing the increase in crude oil prices.

Also read: DA Hike: Who will get the benefit of DA hike in Bihar, how much will the take-home salary increase? Update for pensioners also

Statement became a matter of concern
This statement of Sanjay Malhotra has come in response to PM Modi’s appeal to reduce the consumption of oil and gas. In such a situation, this is a matter of concern for the people. At the same time, the Prime Minister also appealed to postpone the purchase of gold for some time, so that the country’s foreign exchange reserves remain safe. After which, recently the government has also increased the duty on gold and further steps can be taken to reduce imports.

Inflation rate increased in April
Talking about inflation, the inflation rate in India in April 2026 was 3.48%, which was slightly higher than 3.40% in March, but was less than expected. The reason for this was that the government did not allow the increased oil prices to directly impact the public. However, due to increasing tension in the Middle East, there is a danger of inflation increasing in the future. Due to this conflict, the supply chain is also being affected, which has started affecting India.

Also read: Gold Import Duty: How expensive will it be now to buy gold from Dubai, how much will the tax increase on 10 grams?

The RBI Governor also said that controlling inflation through interest rates alone will not be enough, in such a time the government and RBI will have to work together.