Roll back of petrol price- Government says: no

The government rejected the oppositions’ demand of rolling back the fuel price hike. The opposition’s demand for rolling back price hike upset the proceedings of both the parliament houses. Petroleum Minister Murli Deora said, "Why should the government pay Rs.5,000 crore per quarter for the petrol being used in anyone's car? There has been no hike for last four years and even the hike which has been done is minimal. If they (opposition) have to unite they must unite for something good."




Prebiously, Deora said in Lok Sabha that the fuel price hike had translated into an additional burden of less than a rupee on cooking gas and 50 paisa on kerosene per day. He said that the "primary objective" behind the June 26 price hike of petroleum products was to decrease the subsidy load on oil marketing companies and in that way release more funds for social sector schemes in health, food security and education. He said, "Some of the state governments are levying sales tax as high as 12.5 percent on kerosene." Courtesy:http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000028434