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Govt can cut petrol prices by up to Rs 25 a litre, but will not: Chidambaram

“It is possible to cut up to Rs 25 per litre, but the government will not. They will cheat the people by cutting price by Re 1 or Rs 2 per litre of petrol,” Chidambaran said in a tweet.

business Updated: May 23, 2018 10:41 IST
Indo Asian News Service
Indo Asian News Service
Indo Asian News Service, New Delhi
Petrol price,Petrol price hike,fuel price
Former Finance Minister P Chidambaram speaks during a plenary session of the Indian National Congress.(PTI Photo)

Congress leader and former union finance minister P. Chidambaram on Wednesday criticised the Centre for the fuel price hike and claimed that petrol prices can be reduced by Rs 25 per litre, but the government is not doing it.

“It is possible to cut up to Rs 25 per litre, but the government will not. They will cheat the people by cutting price by Re 1 or Rs 2 per litre of petrol,” Chidambaran said in a tweet.

Across the four metropolitan cities, prices rose around 30 paise on Tuesday. In Delhi and Mumbai, the fuel was sold at Rs 76.87 and Rs 84.70 per litre, up from Rs Rs 76.57 and Rs 84.40 respectively on Monday.

“Bonanza to central government is Rs 25 on every litre of petrol. This money rightfully belongs to the average consumer”, tweeted the former finance minister.

“Central government saves Rs 15 on every litre of petrol due to fall in crude oil prices. It also puts additional tax of Rs 10 on every litre of petrol,” he added.

First Published: May 23, 2018 10:27 IST