On Sunday, May 4, Indian Prime Minister Narendra Modi urged citizens to adopt conservation measures including reducing fuel consumption, working from home, limiting travel, and restricting imports, citing pressure on the country’s foreign exchange reserves from surging global energy prices. Modi emphasized that remote work and online meetings, widely adopted during the COVID-19 pandemic, should be prioritized to help India reduce fuel usage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
China's PPI Rises to 2.8% YoY in April From 0.5% Prior Month
China's producer price index (PPI) rose to 2.8% year-over-year in April, up sharply from 0.5% in the previous month, according to official data.
GateNews1m ago
Shipping Index Europe Route Main Contract Rises 4% Intraday to 2,449.5 Points
The Europe route main contract of the Shipping Index rose 4.00% intraday today, reaching 2,449.5 points.
GateNews20m ago
WTI Crude Oil Breaks $100 Per Barrel on May 11, Up 4.8% Intraday
According to Golden Ten Data, WTI crude oil surged past $100 per barrel on May 11, with intraday gains expanding to 4.8%.
GateNews38m ago
Iranian Supply Cuts, Venezuelan Shipment Halt Push Asphalt Output Down 50% in May
According to a Yide Futures report on May 11, Iranian crude supply shortages and halted Venezuelan shipments are reducing domestic asphalt output, with May refinery production down over 50% year-over-year.
Demand has fallen more than 35% year-over-year as high asphalt prices delay purchases. If
GateNews41m ago
CITIC Securities Favors Small-Cap and Growth Stocks in May 2026
According to CITIC Securities research, the brokerage sees small-cap and growth stock styles as favorable in May 2026. At the macro asset allocation level, CITIC recommends increasing exposure to gold, commodities, and equities. On the sector front, lithium-ion battery and semiconductor industries a
GateNews59m ago
China's April Warehouse Storage Index Remains at 51%, Second Consecutive Month in Expansion
According to China Federation of Logistics & Purchasing, China's April warehouse storage index remained at 51%, marking the second consecutive month in expansion territory. The index reflects steady growth in warehousing demand and smooth supply chain operations. Business activity expectations for A
GateNews1h ago