HomeAsiaModi urges limits on fuel use, travel and imports to save forex

Modi urges limits on fuel use, travel and imports to save forex

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May 10 (Reuters) - Indian ‌Prime Minister Narendra Modi on Sunday urged ​a spate of measures including fuel conservation, work-from-home practices and ⁠limits on travel and imports, as a surge in global energy prices puts pressure on the country's foreign ​exchange reserves.

• People should prioritise a return to work-from-home and online ‌meetings, widely adopted during the COVID-19 pandemic, saying it would help India use less fuel, Modi said.

• "In the current ⁠situation, we must place great emphasis on ⁠saving foreign exchange," he said.

• Modi also asked people to use public transport such as the metro and to carpool where possible to conserve fuel.

• India, the ‌world's third-biggest oil importer and consumer, late last month ⁠said there was no proposal to ‌raise pump prices for diesel and ​gasoline, leaving it among the countries yet to raise prices despite the global surge.

• Modi urged people ‌to avoid buying gold — which India ​spends on heavily during ⁠weddings — and to cut non-essential overseas travel for ‌at least a year ⁠to save foreign exchange.

• He called on families to reduce cooking oil consumption, describing that move as both healthy ​and patriotic.

• Modi ‌also asked farmers to cut fertilizer use by as much ⁠as half.

(Reporting by Praveen Paramasivam ​in Chennai and Saurabh Sharma in New Delhi; ​Editing by Ros Russell)

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