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economy | IST

Poll-bound Modi concerned about rising fuel prices as rabi season approaches

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Prime Minister Narendra Modi is worried about record high fuel prices, which is adding to farmer's financial burden in the rabi season, sources told CNBC-TV18.

Prime Minister Narendra Modi is worried about record high fuel prices, which is adding to farmers' distress ahead of the rabi season, sources told CNBC-TV18.
Diesel, which is being sold at record high prices, is the most used fuel in the farm sector. Tractors tilling the soil to irrigation pump sets - all use diesel, and a spike in its prices is bound to add to the cost cost of farming.
The rise in input prices comes at a time when Modi government is gearing up for general elections in May.
The issue is a politically sensitive one for the government, with nearly 70,000 farmers trying to get to the National Capital to protest. One of their demands was to try and get some relief on diesel prices.
According to sources, Modi has held meeting with a whole bunch of ministers including BJP’s Party President Amit Shah. Dharmendra Pradhan, who is the oil minister, has been consulting with the Finance Minister as well as the Prime Minister office.
 
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