CPI(M) demands rollback on petrol, diesel prices

Jammu and Kashmir unit of CPI(M)today criticised the latest hike in fuel prices, accusing the Centre of not being concerned about the common man.

Jammu and Kashmir unit of CPI(M)today criticised the latest hike in fuel prices, accusing the Centre of not being concerned about the common man.

"The hike of petrol price by 75 paise and diesel by 50 paise per litre entails cascading effect on all commodities that hits the interests of the poor and lower middle class," State Secretary of CPI(M) M Y Tarigami said in a statement here.

Demanding immediate rollback of the hike, Tarigami said the food inflation and depreciation of rupee have already worsened the economic condition of the people and the fuel price hike will add to it.

"Justifications by the government that depreciation of rupee, losses to oil companies and to rein in its fiscal deficit has necessitated the price hike are unreasonable and unrealistic," he said.

The deregulation of diesel prices will continue price hike phenomenon, which has been hitting common man, he said, adding his party along with other left and democratic parties would continue resistance against such "anti-people" measures and will not allow the people's voice going unheard.