Election Dates And Not Global Rates Regulate Price Of Fuel, Says Congress

The present BJP authorities is creating new lows, the congress chief stated.

New Delhi:

The Congress on Sunday demanded instant aid for center and lower-income group households by lowering petrol and diesel by no less than Rs 15 per litre and cooking fuel costs by no less than Rs 150 per cylinder.

Addressing a press convention in Delhi, Congress spokesperson Gourav Vallabh requested why the shoppers needed to bear the brunt of excessive gasoline costs when crude oil costs have been at a seven-month low and inflation was above RBI’s higher band of six per cent for the final seven months.

“Why is the relief not being passed on to the consumers when the burden of high crude prices is always passed on,” he requested.

“Petrol and diesel prices are regulated by election dates and not global rates,” he stated, alleging that when elections close to, the federal government reduces the costs or places them on freeze, and when they’re over, they increase the costs.

“What are the excuses by the Modi government for not passing the relief on decreasing LPG prices to the consumers? Does the Modi government only believe in passing on the burden to the consumers,” the Congress chief requested.

He stated retail inflation, GDP progress, and a depreciating rupee are a number of the examples that paint a worrying image of how the economic system is being managed.

“The current BJP government is creating new lows with more data points released by its own government. The middle and lower-income groups suffer the most due to the callousness and incompetence of the government.

“The persistently excessive retail inflation is likely one of the most regarding areas that want instant authorities intervention,” Mr Vallabh said.

He alleged that the government has been primarily the most inconsiderate towards the fuel prices.

“Since they’ve a cascading impact throughout all financial actions, the federal government’s inactions converse of its cluelessness and misguided focus.

“The prices of crude oil have been consistently on a downward spiral for the last few months and are at a seven-month low. But the prices of Petrol and Diesel in our country don’t seem to reflect this trend, even after deregulation, which means that the prices of petrol and diesel should change as per global prices,” he stated.

Citing information from the Petroleum Planning & Analysis Cell (PPAC, Government of India), he stated crude oil Indian basket as on September 8, 2022, was $88 per barrel, which was $116 in June this yr.

He stated after elections in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur, the petrol and diesel costs have been elevated 9 occasions in 10 days between March 22 and March 31, 2022

(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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