Protest Against Fuel Price Hike: CPI
Updated: Jun 17, 2020
The National Secretariat of the Communist Party of India issued the following statement asking people to protest against the loot of the people via fuel price hikes:
The National Secretariat of the Communist Party of India strongly condemns the fuel price hike, which is nothing but loot of the people even when the global crude prices have been falling. The Oil Marketing Companies (OMCs) have increased eight times in June 2020 alone since seventh of the month.
The OMCs on June 14 raised for the eighth time in a row the fuel prices by hiking petrol price by a record 62 paise per litre and that of diesel by 64 paise for the eighth day in a row. In Delhi the petrol price is now Rs 75.78 per litre against the earlier Rs 75.16 while diesel price is Rs 74.03 a litre against Rs 73.39, according to an OMC price notification. Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT. The 62 paise a litre increase in petrol and 64 paise hike in diesel price are the highest surge in rates since the daily price revision was started in June 2017. No doubt the hike will have a cascading effect on the price of all essential commodities and also on the travel expenses.
In eight hikes, petrol price has gone up by Rs 4.52 per litre and diesel by Rs 4.64 — a record increase in rates in any eight days since the daily price revision was introduced.
The Party reiterates its demand for re-introduction of administered price mechanism so that the people are protected from the unjust loot done by OMCs. The Party also appeals to all its units and the general public to strongly protest against such anti-people moves.