Akhilesh Yadav Critiques PM Modi's Austerity Amid Fuel Price Hike
'Cycle The Only Option': Akhilesh Yadav's Swipe At PM's Austerity Call After Hike In Petrol, Diesel Prices
News 18
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Akhilesh Yadav, the leader of the Samajwadi Party, criticized Prime Minister Narendra Modi's austerity measures following a fuel price hike of over ₹3 per litre for petrol and diesel. Yadav emphasized cycling as the only viable option for development, highlighting the impact of rising global oil prices and the ongoing conflict in West Asia.
- 01Petrol prices increased by ₹3.14 per litre and diesel by ₹3.11 per litre due to rising global crude oil prices.
- 02The Samajwadi Party's symbol, a bicycle, was used by Yadav to symbolize the need for alternative transportation.
- 03The Congress party also condemned the price hike, referring to PM Modi as 'Inflation Man' and criticizing the government's handling of the situation.
- 04BJP leaders defended the price hike, citing India's resilience compared to other countries facing fuel crises.
- 05The price increase was attributed to oil marketing companies losing over ₹1,000 crore daily due to global market pressures.
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Akhilesh Yadav, the chief of the Samajwadi Party, criticized Prime Minister Narendra Modi's austerity measures following a significant increase in fuel prices, with petrol rising by ₹3.14 per litre and diesel by ₹3.11 per litre. In a post on X, he used the party's bicycle symbol to emphasize that cycling is the only viable option for progress in light of these hikes. The price increases are attributed to soaring global crude oil prices and supply chain disruptions linked to the ongoing conflict in West Asia, which has resulted in oil marketing companies incurring losses of over ₹1,000 crore daily. The Congress party echoed Yadav's sentiments, labeling Modi as 'Inflation Man' for the government's handling of rising prices. In contrast, BJP leaders defended the price hikes, arguing that India has managed to remain a 'striking exception' amid the global fuel crisis, highlighting the government's efforts to shield citizens from the economic fallout. PM Modi had previously called for collective economic resilience, urging citizens to adopt alternative transportation methods and reduce fuel consumption.
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The fuel price hike will likely increase transportation costs for citizens, affecting daily commuting and goods transport, potentially leading to higher prices for essential goods.
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