Fuel price hike negatively impacts economy, triggers rise in essential commodity prices: Telangana CM Revanth Reddy

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Telangana Chief Minister A. Revanth Reddy. File

Telangana Chief Minister A. Revanth Reddy. File | Photo Credit: SIDDHANT THAKUR

Telangana Chief Minister A Revanth Reddy criticised the Union Government’s determination to summation petrol and diesel prices, stating that the determination would severely interaction the communal antheral and trigger a emergence successful the prices of indispensable commodities.

In a station connected societal media platforms, Mr. Reddy said the substance terms hike nether the enactment of Prime Minister Narendra Modi was “completely unjustifiable” and would negatively impact aggregate sectors of the economy. He warned that the summation successful substance costs would inevitably pb to inflationary pressure, making regular essentials much costly for mean citizens.

The Telangana Chief Minister accused the Modi authorities of mismanaging the system done “inefficient governance and ill-conceived policies.” He said the slogan of “Atmanirbhar Bharat” had remained lone an predetermination slogan and failed to present tangible economical results. According to him, tiny and medium-scale industries person suffered setbacks, employment opportunities for younker person weakened, and the committedness of doubling farmers’ incomes has remained unfulfilled.

Mr. Reddy further stated that the worth of the Indian rupee has been steadily declining implicit the past decennary and claimed that the concern had present reached its worst phase. The Centre was utilizing the ongoing Iran-Israel struggle arsenic a pretext to rise substance prices, thereby placing an further load connected the public.

Questioning the Centre’s claims of making India the world’s third-largest economy, helium asked however the authorities could warrant expanding substance prices astatine a clip erstwhile citizens were already facing economical hardship.

The Chief Minister besides accused the BJP-led authorities of misleading the nationalist up of the caller Assembly elections successful 4 States and 1 Union Territory wherever it repeatedly assured radical earlier the polls that petroleum prices would not beryllium accrued , but raised prices by much than ₹3 wrong days of the predetermination results.

Calling the determination a “breach of nationalist trust,” the Chief Minister alleged that the BJP was making mendacious promises simply for electoral gains. He demanded that the Central Government instantly retreat the hike successful petrol and diesel prices.

Published - May 16, 2026 11:36 americium IST

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