BJP for rollback of petrol price hike

BJP on Saturday demanded rollback of the increase in petrol prices, saying the seventh hike in the last six months was totally unjustified and loot of the common man.

Last Updated: Jan 15, 2011, 21:00 PM IST

New Delhi: BJP on Saturday demanded rollback of the
increase in petrol prices, saying the seventh hike in the last
six months was totally unjustified and loot of the common man.
"This hike is totally unjustified. This is nothing but
loot of the common man by the government. A product which
costs Rs 30 is being sold at Rs 60, which is a 100 per cent
taxation. We call for its rollback," BJP spokesperson Prakash
Javadekar said.

He said the ground of under-recovery by the oil companies
cited by the government as the reason for the hike is not
true.

"This is the seventh hike in the last six months. Only
last month there was an increase of Rs 3 per litre.... oil
companies are earning profits and giving dividends while still
showing under-recovery," Javadekar said.
He expressed fear that now even diesel prices may go up.

State-owned oil companies today raised petrol prices by Rs
2.50-Rs 2.54 per litre citing international crude oil prices,
which climbed to USD 92 per barrel.

"Food inflation is at 18 per cent while inflation is at
9 per cent. This is the worst gift that a government can give
to the people in New Year," Javadekar said.

PTI