Government giving a penny, extracting a pound: Congress on petrol, diesel prices

Saturday, Jan 16, 2016,10:19 IST By metrovaartha A A A

New Delhi | Congress has reacted sharply to the government’s handling of petrol and diesel prices accusing it of giving a penny and extracting a pound and attacked the Prime Minister for playing a cruel and diabolic game with the people of the country.

The government, going by the price it is paying for international crude oil, should be selling petrol at Rs 19.40 per litre instead of Rs 59.03 per litre and diesel at Rs 15.71 per liter instead of Rs 44.18 per litre, Congress Chief Spokesperson Randeep Surjewala said after the marginal cut in fuel prices late Friday.

Petrol price was cut by 32 paise a litre and diesel’s price reduced by 85 paise a litre, the fourth reduction in rates in six weeks on the back of softening global oil prices.

The reduction would have been more but for government raising excise duty on the two auto fuel to take away some of the gains from the crude oil prices slumping to 12-year low of under USD 30 per barrel.

Petrol will cost Rs. 62.53 per litre and diesel will cost Rs. 47.44 per litre in Kochi as the change in price came into effect from midnight. Petrol will cost Rs. 62.25 per litre and diesel will cost Rs. 47.65 per litre in Alappuzha, while the prices will reduce to Rs. 62.43 per litre for petrol, and to Rs. 47.81 per litre for diesel in Thrissur.

He said that prices of international crude oil are 72.21 per cent lower than what they were on May 26, 2014 when the BJP government took over and a proportionate reduction in retail prices should be transferred to the consumer. Profiteering at the cost of the common hapless consumer- farmer-commuter, the government has reduced the prices of diesel and petrol by a few paise today and has diabolically increased excise on petrol and diesel for the 8th consecutive time, he said.

Surjewala said Congress is appalled at the cruel and diabolic game that the PM and Finance Minister Arun Jaitley are playing with the people of the country giving reliefs worth a penny and extracting a pound from them in as far as pricing of petrol and diesel are concerned.