Left still against hike in fuel prices

Left still against hike in fuel prices
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First Published: Mon, Jan 14 2008. 01 14 PM IST
Updated: Mon, Jan 14 2008. 01 14 PM IST
New Delhi: The Left on 14 January 2008 opposed any increase in fuel prices and asked the government to remove the ad valorem surcharges on petroleum products.
“There is no question of imposing additional burden on the people till the ad valorem surcharges on the petroleum product is removed,” CPM politburo member Sitaram Yechury told PTI.
He denied any recent meeting with petroleum minister Murli Deora. Both he and CPI leader Gurudas Dasgupta denied having agreed to any suggestion of Murli Deora on hiking the prices.
“According to our estimates, the finance ministry has collected an additional amount of Rs40,000 crore due to the increase in international prices of oil. This is over and above the budget estimates,” he said.
“If this extra earning is returned to the oil companies, there is no need to impose further burden on the people. We oppose any increase in prices,” Yechury said.
Dasgupta also contradicted reports that he had agreed to a minor price hike in fuel prices during a meeting with Murli Deora and described them as “false and fabricated”.
“Neither did he call me nor did he meet me. Even he had done so, we would have never agreed to such a suggestion” Dasgupta told PTI.
He said there was absolutely no justification for any hike in the prices, even a marginal one.
“If the petroleum prices are increased it would further escalate inflation, which is already unbearable for the people,” Dasgupta said.
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First Published: Mon, Jan 14 2008. 01 14 PM IST
More Topics: CPI | CPM | Fuel prices | Crude oil | Inflation |