Congress MP Manish Tewari, citing the West Asia war, claimed in the Lok Sabha on Tuesday that due to the assembly elections to be held in some states next month, the prices of petrol and diesel are being kept under control, but as soon as these elections are over, the country will have to face a new economic reality.
Participating in the discussion on Finance Bill, 2026 in the House, Tiwari also said that Finance Minister Nirmala Sitharaman should clearly tell how much burden the war between America, Israel and Iran is going to have on India.
Tiwari said that the attack by America and Israel on Iran has had a very negative impact on the world economy and has also had a huge impact on India.
He said that whenever the price of crude oil increases by $ 10 per barrel, an additional burden of 10 to 15 billion dollars increases on India.
The Congress leader claimed that Prime Minister Narendra Modi, through his speech in the House on Monday, was preparing the country for how difficult the coming days are.
He claimed that efforts will be made to control the prices of petroleum products till the second phase of assembly elections in West Bengal on April 29, but after May 1, 2026, the country will have to face a new economic reality.
‘Is the government taking a new loan to repay the old loan?’
Tiwari said that all the estimates on which the budget was brought for the next financial year have now been ruined. He asked whether the government is taking a new loan to repay the old loan?
The Congress MP claimed that the government is giving a lot of concessions to the corporate world, but the economy is running due to government spending.
Tiwari questioned why private investment is not increasing despite spending and giving a lot of concessions to corporate groups?
Taking a dig at the ruling party over the fall in the value of the rupee against the dollar, Tiwari said that it should be told that “the rupee is falling faster than whose age it is.”

