Mr Bell says he's appalled the Unite union is threatening a 12-day strike at the busiest time of the year, when tens of thousands of people rely on public transport.
Unite has said with no resolution in sight it has no option but to take action in the dispute over changes to drivers' contracts.
Mr Bell says a strike during TT has the potential to cause maximum disruption to the economy - but says the Island won't be held to ransom.
The Chief Minister says it's a cynical move:
Government 'expects fuel pricing to stabilise by middle of week'
Chief Minister to address House of Keys on topic tomorrow
Tanker carrying 4.5 million litres of fuel waiting to dock
Forecourts prepare to replenish stocks as diesel prices rise
Queues at pumps as diesel prices increase across Island
Average of 185.9p per litre - a 50p rise
We aren't the fun police!
Chief Technical Officer explains scrutineering
