Modi Urges Indians to Conserve Fuel, Curb Costly Oil Imports

A storage tank at a Bharat Petroleum Corp. oil refinery in Mumbai, India.

Photographer: Abeer Khan/Bloomberg

Indian Prime Minister Narendra Modi appealed to citizens to cut fuel use and avoid unnecessary travel as rising oil prices from the Iran war threaten to widen the nation’s import bill and strain foreign-exchange reserves.

“It is time for us to use petrol, diesel and gas with great care,” Modi said on Sunday while inaugurating projects in Hyderabad in southern India. “We must make efforts to use only as much as is needed to save foreign currency and reduce the adverse effects of war crises.”