Has extension of PM Garib Kalyan Yojana justified fuel price hike?

While the key highlight of PM Modi's Address to the Nation undoubtedly was an extension of PM Garib Kalyan Yojana till 30 November, it is also important to note that PM Modi expressed gratitude towards the middle class and taxpayers for 'making sacrifice' that help the government fund such public welfare scheme. Has PM Modi's gesture towards middle class justified the fuel price hike by increasing taxes as a way to fund public welfare schemes?