Diesel price hike creates another problem for common man. The price of diesel raised 5 Rupees per litre by the government, this has create angry response from allies Mulayam Singh Yadav and Mamta Banerjee. The aim of price hike is reining fiscal deficit and staving off the threat of becoming the first in the BRICS (Brazil-Russia-India-China-South Africa) group of emerging economies to be downgraded to junk.
The Cabinet Committee of Political Affairs which comes under the Prime Minister left kerosene and LPG rates untouched.
Bus and minibus operator in West Bengal threatened to go on strike they said, “How will we run buses if we don’t have the money? With an increase of Rs. 5 per litre, it is next to impossible for us to run buses under this current fare structure. The fares have to be increased,” said Aboshesh member of minibus union.
While woman activists of Maharashtra Navnirman Sena(MNS) served black tea on Friday which was prepared on “chullha” (Earthen Stove).
The government also said about 44% of the total domestic LPG consumers, will not be affected by this decision, who consume 6 cylinders or less each year.
Everyday state run oil marketing companies are losing Rs 550 crore, just because of raise in price in the global markets. The loss they are getting Rs 17 per litre on diesel sales, Rs 32 per litre on kerosene sales and Rs 347 on cooking gas sales.
“We are unhappy and astonished that inspite of the formation of the UPA Govt hikes diesel price by Rs. 5, Mamata calls for rollback coordination committee after a long time, such a decision was taken without consulting us,” the West Bengal chief minister, said.