Chennai: Strongly protesting the cabinet approval of natual gas price increase, Tamil Nadu Chief Minister J Jayalalithaa Monday said the move will benefit only a particular company and argued against the "artificial pricing" mechanism for domestic gas production.
"Natural resources like gas are not the private property of anybody and belong to the people of India. They are the original owners of it. Swindling of such resources in the name of government policies cannot be allowed," she said in a statement here.
Despite opposition, the Congress-led UPA government had last week approved doubling of natural gas prices from the present $4.2 mmBtu to $8.4 mmBtu from April 1, 2014.
Jayalalithaa said the UPA government had no moral responsibility to take such a decision with effect from April 2014 as the people had given a mandate till May of that year only.
"Therefore it is proper for a government elected then to fix a price. If the government is adamant against withdrawing the increase, my party AIADMK, which will reach a status of formulating policies at Centre after the elections, will take steps to change this policy," Jayalalithaa, who nurtures a bigger national political role after the next Lok Sabha polls, said.
From being a government affected with policy paralysis, the Manmohan Singh government has become one with "policy overdose" following criticism and was only taking economic decisions affecting people, she accused.
This included deregulation of fuel prices, the LPG ceiling, allowing FDI in multi-brand retail and disinvestment of PSU stakes, she said, adding, such moves had paved the way only for the benefit of big corporates and foreign firms.