Hardeep Singh Puri Dismisses Lockdown Rumors as Irresponsible Amid Global Tensions
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has firmly denied circulating rumors about a potential lockdown in India, labeling such speculation as "irresponsible and harmful." In a statement made on Friday, March 27, 2026, Puri clarified that no such proposal is under consideration by the Government of India, urging citizens to remain calm and united during these uncertain times.
Government's Stance on Energy Crisis and Price Stability
Amid the ongoing West Asia conflict, Puri highlighted the government's proactive measures to manage the global energy crisis. He emphasized that India is closely monitoring developments in energy markets, supply chains, and essential commodities in real-time. Under Prime Minister Narendra Modi's leadership, steps are being taken to ensure uninterrupted availability of fuel and other critical supplies for citizens.
Key Actions Taken by the Government:
- Reduction in central excise duties on petrol and diesel by ₹10 per litre each to protect consumers from price hikes.
- Imposition of export taxes on diesel (₹21.5 per litre) and aviation turbine fuel (₹29.5 per litre) to prioritize domestic availability.
- Absorption of financial losses by the government to insulate Indian citizens from volatile international crude prices, which surged from around $70 to $122 per barrel in the past month.
Global Context and India's Resilience
Puri noted that while petrol and diesel prices have increased significantly worldwide—by 30%-50% in Southeast Asia, 30% in North America, 20% in Europe, and 50% in Africa—India has chosen to bear the financial burden rather than pass on drastic price increases to its citizens. This decision reflects the government's commitment to safeguarding the economy and public welfare during global uncertainties.
He commended Prime Minister Modi and Finance Minister Nirmala Sitharaman for their timely and bold interventions, which have helped curb the national oil crisis. The government's swift actions, including duty cuts and export levies, are aimed at ensuring adequate fuel supplies and stabilizing prices amid the West Asia conflict and its impact on global oil shipments through the Strait of Hormuz.
Conclusion: A Call for Responsibility and Unity
In his remarks, Puri reiterated the importance of avoiding panic and misinformation. He assured that India is fully prepared to handle emerging challenges, drawing on its demonstrated resilience in past global crises. The minister's statements underscore the government's focus on coordinated, proactive measures to maintain stability and protect citizens from external economic shocks.
