CPI(M) sees red over steep hike in oil prices
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The CPI(M) district committee has condemned the steep hike in petrol and diesel prices, at a time when the folks have been reeling underneath the influence of the pandemic, and sought speedy withdrawal of the hike.
In a press release right here on Tuesday, occasion district secretary K. Lokanadham alleged that the Union authorities was financially crippling folks, a lot of whom had misplaced their livelihood as a result of COVID-19 disaster, by the steep hike in petrol and diesel prices. The worth of oil has gone down in the worldwide market and it was a lot decrease in our neighbouring international locations. The worth of a litre of petrol was ₹63 in Sri Lanka, ₹67 in Nepal and ₹46 in Pakistan as in opposition to the value of ₹90 a litre in India, he stated.
The tax on a litre of diesel, which was ₹9.48 a litre, when the BJP got here to energy in 2014, has now gone as much as ₹32.98.
Similarly, the tax on diesel has elevated from ₹3.56 to ₹31.81 a litre throughout the identical time. During the pandemic, the value of petrol elevated by ₹13 a litre and diesel by ₹16 a litre. This has led to a steep hike in the prices of important commodities, he alleged.
He demanded withdrawal of the hike to supply aid to the general public. He additionally sought that the State authorities ought to exert stress on the Centre to scale back prices.
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