CPI terms fuel price cut 'too little, too late'

The CPI today termed as "too little and too late", the Centre's decision to cut petrol and diesel price by Rs five and Rs two respectively.

The CPI today termed as "too little and too late", the Centre's decision to cut petrol and diesel price by Rs five and Rs two respectively.

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Speaking to reporters on the sidelines of Party National Council here, CPI National Secretary D Raja said Left parties would continue their struggle for further reduction in fuel prices.

"Price of crude oil has already declined in the international market and has been so for many weeks and so the government should reduce fuel prices by a reasonably larger amount," he said.

Centre should also reduce the price of domestic gas and also consider restructuring of duties on oil products, Raja added.