Petrol hike due to govt`s `mismanagement`: Advani

The hike in petrol price is a result of Government`s "mismanagement", BJP leader LK Advani said on Friday.

Last Updated: Nov 04, 2011, 16:26 PM IST

Pune: The hike in petrol price is a result of
Government`s "mismanagement", BJP leader LK Advani said on Friday
noting that international crude prices were not going up the
way fuel prices in the country were spiralling.
"Theirs is a mismanagement of a different kind.
International crude prices are not going up in the manner in
which our (fuel) prices here are going up," Advani told
reporters here.

Oil companies yesterday raised petrol prices by Rs 1.80
per litre, citing the impact of rupee depreciation on the cost
of crude oil imports.
Finance Minister Pranab Mukherjee today admitted the hike
in petrol prices will have some impact on inflation, which is
currently hovering close to the double-digit mark.

Soon after the hike was announced last night, BJP had
alleged that the hike was yet another act of "midnight deceit"
by the UPA and insisted that the common man would not spare
the dispensation led by the "economist" Prime Minister for its
arrogance.

PTI