Indian Government Absorbs Burden of Rising Diesel Prices for Farmers' Benefit

Prime Minister Narendra Modi has said that despite the increase in crude oil prices in the international market, the government did not let the farmers bear the full burden of it. He said that at that time there was a need to increase the price of diesel by 50 rupees per liter, but the government increased the price by only 7 rupees. The burden of the remaining 43 rupees was borne by the government itself. PM Modi said this during his speech at the India Today Group's'Kisan Tak India Agriculture Conference 2026 '. He spoke about the government's decisions in the interest of farmers and spending on agriculture. PM Modi said that the price of crude oil had increased due to the escalation of the war crisis in West Asia. The price of crude oil rose from $70 to $122 per barrel in a few weeks. This also posed a big challenge to India. He said that at that time the price of diesel needed to be increased by 50 rupees per liter. But the government decided that the full burden of increasing prices in the international market would not be passed on to the citizens of the country and the farmers.