Describing as "eyewash" the recent rollback in
petrol price increase, Tamil Nadu Chief Minister Jayalalithaa today demanded
complete rollback of the hike, saying international crude oil prices were
falling.
"With international crude prices falling, it is yet
another eyewash that the price was reduced by Rs 3.13 (in Chennai). This is not
acceptable to anyone," she said.
Going by the latest crude oil rates, Jayalalithaa said the
Centre should have not only withdrawn the entire Rs 7.50 hike announced on May
24 but also reduced it further than the prevailing petrol price on that day.
"But the central government, in which the DMK is a part
of, has not reverted the price to the May 24 prevailing rate which is
regrettable. Therefore, I insist that Centre should come forward to reduce the
price to bring petrol rates on par with those prior to May 24," she said
in a statement.
The Centre had announced that the price of petrol will be
cut by Rs 2.46 per litre effective from midnight last night.
Comments(1)
Those concerned should work on a seminar of CM's and senior political readers to educate them on the world petroleum crisis, which has turned topsy turvy in 2004. Everyone should seriously consider whether it is advisaable to encourage the use of petroleum products by unscrupulous subsidies- as there is very little likelihood of returning to the old levels of oil prices worldwide, now that demand has outstripped production capabilities. Only factor holding the prices down is the world recession. Once the economies shake themselves free, oil will become extremely precious. No Jayalalitha, no BJP, no CPM, will be able to do anything.
Posted by CHANDRAN NAIR at 06/30/2012 03:28 Reply to this Report abuse