What is the Finance Minister’s ‘3F Formula’ amidst the inflation of petrol and diesel? Which changed the tension of the global market

Nirmala Sitharaman On Fuel Price Hike: The statement of Union Finance Minister Nirmala Sitharaman has come on Monday, (May 25, 2026) after the prices of petrol and diesel were increased four times in the last 10 days. He said that reducing excise duty on fuel would result in a loss of government revenue of about Rs 1 lakh crore. Emphasizing the need to instill confidence among the general public of the country, he said that India cannot take the risk of spreading fear.

This statement from the Finance Minister has come at a time when the prices of petrol and diesel have increased once again. On Monday, petrol became costlier by Rs 2.61 per liter and diesel by Rs 2.71 per liter. The rapid increase in fuel prices has increased the pressure on family budgets and transportation costs.

‘Need to focus on the 3 F’s’

Speaking at the 37th anniversary of Small Industries Development Bank of India (SIDBI) Nirmala Sitharaman Criticized the pessimistic atmosphere being spread by negative talks after Prime Minister Modi’s appeal. He said that the country cannot afford to spread fear. There is a need to instill confidence among citizens through both words and actions. The Finance Minister said that middle east Tension continues for the last three months. Seeing the impact of this crisis, he made three ‘F’ Has appealed to pay attention to.

Everything the Government has announced — the equity infusion, the doubled guarantee cover, the SME Growth Fund, the TReDS reforms, the classification reform, the Corporate Mitras, the credit cards, the Stand-Up scheme — every one of those instruments exists to answer a single… pic.twitter.com/89KTKc0ZR5

— Nirmala Sitharaman Office (@nsitharamanoffc) May 25, 2026

‘India’s economy in a strong position’

Nirmala Sitharaman emphasized that India’s economy has strengthened despite global uncertainty. Pointing to rising global pressures, he said fertilizer prices have reached high levels while rising gold prices are creating some challenges on the external front.

Also read: Crude oil fell due to Trump’s statement, hope of relief arose among the general public, shortage will end in India!

‘More challenges from external factors’

The Union Minister further said that some people are presenting this situation as if everything is falling apart, while he insisted that it is not so. We must understand that the challenges are more due to external reasons. India’s domestic economic situation remains positive and strong even today.