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Monday, May 30, 2011

CITU DENOUNCES THE UNJUST HIKE IN PETROL PRICE FUELLING THE INFLATION FURTHER

15th May 2011

The UPA Govt at the Centre is in its real colour as soon as the assembly elections in four states are over. No sooner than the election results are declared, the Govt announced the steepest ever price hike for petrol—Rs 5/- per litre. This is the ninth price hike of petrol in the span of last nine months.

Centre of Indian Trade Unions condemns such price hike in petrol, it being an utterly irresponsible action by a Govt totally insensitive to the miseries of aam admi owing to continuously rising food inflation. Such steep rise in petrol price is going to have cascading effect on the already rising prices of the essential commodities, making life of the poor more miserable.

The govt’s plea of rise in price of crude in the international market to 113.7 dollar per barrel while hiking the petrol price is totally unfounded as at least fifty per cent of the domestic petrol price is the tax component going to govt exchequer and the rupee-equivalent of the crude-price in international market along with the refining cost is much less than what is being charged for petrol in Indian domestic market. Therefore making a plea of rise in international price of crude to justify the price-hike in domestic market is nothing but an act of deception.

CITU demands upon the Govt to roll back the price hike in petrol and reduce the tax-burden (both excise and customs duties) on crude and petroleum products to a rational level.

CITU calls upon all affiliate unions in particular and working class in general to unitedly protest such anti-people decision of the UPA Govt on such steep hike in price of petrol that too with such quicker frequency, fleecing the common people in such a crude manner, through mass demonstration in the work-places, joint rallies, dharnas etc.

Courtesy: www.citucentre.org/

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