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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.

Updated on: May 23, 2018, 10:41:15 IST
Indo Asian News Service, New Delhi | By
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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.

Former Finance Minister P Chidambaram speaks during a plenary session of the Indian National Congress. (PTI Photo)
Former Finance Minister P Chidambaram speaks during a plenary session of the Indian National Congress. (PTI Photo)

“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.

 
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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