Hike crushing, unjustified, says Punjab chief minister | chandigarh | Hindustan Times
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Hike crushing, unjustified, says Punjab chief minister

chandigarh Updated: May 24, 2012 18:45 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Punjab chief minister Parkash Singh Badal on Wednesday slammed the Congress-led central government for the "crushing and totally unjustified hike of Rs 7.5 per litre in the petrol price."

In a statement here, Badal said the hike would unleash fresh inflationary trends, further jack up prices of essential commodities and break the back of the common man. He demanded immediate withdrawal of the 'unbearable' hike, the seventh in quick succession during the past one-and-a-half years.

The hike, he said, would retard the pace of economic growth, which was already facing rough weather. Badal said the petrol price in India was already among the highest in the world despite the alarming poverty.

The CM lamented that inflation had already touched the double-digit mark and was beyond the control of the UPA government despite its tall claims.

Badal pointed out that the petrol price had been hiked by Rs 7.5 per litre at a time when the country was reeling under food inflation. He said the hefty price hike had exposed the anti-poor face of the Congress, which claimed to be the common man's votary.

Badal emphasised the need to evolve a transparent system to decide prices of petroleum products in consultation with all political parties rather than playing into the hands of oil companies.