Fuel Crisis: Inflation Shock Fears Rise Amid Fuel and Global Price Pressure #fuelprices #inflation

Added: 2026-05-21

[00:00:00]Prices have already shot up, Preeti. I'm saying. On the ground. On the ground.

[00:00:03]It's already I mean, it's a relative thing. What does bad mean? If your income doesn't increase, a 100 rupees roti is bad. But if your income is increasing, it is relative to your income.

[00:00:13]>> is that inflation is going to really skyrocket.

[00:00:16]>> Preeti, I think what has really happened is that uh this has come out as a curb on consumption, which by no stretch of imagination, either politics or economics is good. Because a curb on consumption will lead to lesser economic growth. It will lead to lesser government revenue. I don't think that is the intent of the government.

[00:00:34]>> Okay, go ahead, Rajdeep.

[00:00:36]Look, you know, many years ago, and Siddharth will correct me as to when, there was a lot of debate over deregulating uh fuel prices. And the government decided to move in that direction. Eventually >> sir. That's my point. Eventually, what you've decided in a country like India, fuel is far too politically combustible.

[00:00:53]And as a result, therefore, oil marketing companies' hands are tied at times. They're tied at the moment for the last 6-8 weeks. My point is, therefore, if you I agree with Siddharth, if you took people into confidence and explained to them, they would understand. But if you suddenly come If you suddenly come with a dhamaka, as I said, the warning should have been done.

[00:01:13]They were done before the elections. You should have had You should have laid the ground, you're saying. No, you should have already done graded price increases. Now, you may get a sudden price increase. And that's what the Prime Minister appears to be PREPARING THE COUNTRY FOR.

[00:01:27]NO, THAT AGAIN IS SPECULATION. That's just speculating, right now. I'm I'm just Look, I'm not The uh the uh petroleum minister has has said as much at 2 days ago, that prepare. You've got to Across the world, prices The United States to our neighborhood prices, global fuel prices are rising. My point is the political messaging. The political messaging should reassure people, not panic people.