Opposition slams fuel price hike as government-created crisis

Congress president Mallikarjun Kharge and other opposition parties have criticised recent fuel price increases, accusing the Narendra Modi government of failing to shield citizens from rising costs.

Kharge described the economy as collapsing and said the prime minister had no vision to govern effectively. He called the situation a government-created crisis and noted that prices of petrol, diesel and cooking gas had risen sharply.

The CPI(M) said fuel prices were raised immediately after election results and increased by more than Rs 7 per litre in the last 11 days. It added that the hikes, combined with austerity measures, placed an enormous burden on people struggling to afford even one proper meal a day.

The Samajwadi Party stated that petrol rose by 2.61 rupees and diesel by 2.71 rupees per litre in the fourth hike in 10 days. It accused the BJP of ushering in an era of inflation under the name of Amrit Kaal.

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West Bengal CM Mamata Banerjee warns of lockdown at press conference, with backdrop of fuel queues at petrol pumps due to supply concerns.
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Mamata Banerjee warns of lockdown amid fuel supply concerns

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West Bengal Chief Minister Mamata Banerjee warned of a possible nationwide lockdown amid fears of fuel shortages due to the West Asia conflict. Long queues formed at petrol pumps in Uttar Pradesh and other states, though governments assured no shortages. Oil companies confirmed normal supplies.

Members of the CPI(M) and CPI held protests in Visakhapatnam on Friday against the central government's recent fuel price hike, demanding an immediate rollback.

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India's retail inflation for April rose to a 13-month high of 3.48 percent, while wholesale inflation more than doubled to 8.3 percent. The increases are driven mainly by higher fuel and food costs amid the ongoing conflict in the Middle East.

Hong Kong authorities have been urged to review the pricing mechanism for local fuel supplies after petrol retailers were accused of swiftly raising prices as conflict erupted in the Middle East, even though the city had not yet exhausted its weeks-long stockpile. Global fuel prices have soared since the US-Israel war with Iran broke out, disrupting traffic along the Strait of Hormuz – the key waterway that handles about 20 per cent of the world’s oil shipments. The Hong Kong, China Automobile Association criticised what it described as “unfair” price increases for fuel in the city, arguing that the petrol currently on sale would have been bought before the outbreak of the conflict.

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Treasury Cabinet Secretary John Mbadi has announced plans for urgent talks with President William Ruto to address rising fuel prices. The move follows threats of a nationwide strike by transport operators starting Monday, May 18. The latest EPRA review raised petrol and diesel prices sharply for the May-June 2026 period.

Despite the fuel tax discount, prices in Germany have risen again after an initial drop. ADAC and the Federal Cartel Office criticize that the 17-cent-per-liter tax cut is not fully passed on to consumers. Oil companies and associations dispute this.

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Oil companies raised fuel prices again on Tuesday, April 7, 2026, with diesel hikes up to P19.80 per liter. The increases stem from ongoing US-Iran tensions and global oil supply disruptions. This marks the 13th to 15th consecutive weekly rise.

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Egypt hikes fuel prices in response to regional war

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Economics minister examines fuel prices for cartel violations

 

 

 

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