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Petrol prices hike after polls a political decision: Left

West Bengal's Left Front on Sunday said that the Centre was waiting for the assembly elections in five states to end before announcing the rise in petrol prices and warned that prices of diesel, LPG and kerosene would also be hiked soon.

Updated on: May 15, 2011, 20:38:51 IST
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West Bengal's Left Front on Sunday said that the Centre was waiting for the assembly elections in five states to end before announcing the rise in petrol prices and warned that prices of diesel, LPG and kerosene would also be hiked soon.

HT Image
HT Image

"Following decontrol, petrol prices are increasing almost monthly. But since January, the price hike was kept on hold in view of the assembly elections in five states. Now, that the elections are over the prices have increased again. Clearly, the price rise was kept on hold for a few months for political reasons," the Left Front said in a statement.

It expressed fears that the prices of diesel, kerosene and LPG would be increased within a short span of time.

Stating that the government was reluctant to restructure the VAT on oil imports, it said the hike would not have been necessary if the Centre had onpassed to the oil companies the cess it earned from the rise in petroleum products in the international market, the statement said.

 
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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