# Modi Urges Indians to Cut Fuel Use Amid Iran War Impact

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/modi-urges-indians-to-cut-fuel-use-amid-iran-war-impact
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/modi-urges-indians-to-cut-fuel-use-amid-iran-war-impact.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-05-11T05:09:27+00:00
Episode link: https://api.fastcast.ai/audio/70fa34a9-3eae-4bac-ad42-1b1470d053a4.mp3
Audio file: https://api.fastcast.ai/audio/70fa34a9-3eae-4bac-ad42-1b1470d053a4.mp3
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Duration seconds: 85

## Resource

In response to soaring energy costs due to the Iran conflict, Indian PM Narendra Modi urges citizens to conserve fuel, reduce overseas travel, and delay gold purchases. The rupee plummets, impacting trade and current account deficits, while jewelry and airline stocks drop. Indias oil imports surged last year, accounting for 22% of total imports, and gold purchases reached nearly $72 billion. Banks like UBS lower growth forecasts to 6.2% for the year ending March 2027, citing energy shocks. The government maintains stable retail fuel prices by cutting oil company taxes, but experts warn of tough times ahead without Middle East peace. Burden-sharing between households, businesses, and the state may help mitigate the impact. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/056c0ee6f378fa89

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