Jayalalithaa flays diesel price hike
Diesel Price Hike: Jayalalithaa Flays Diesel Price Hike. Decrying the hike in diesel prices as “unjustified” action, Tamil Nadu Chief...
Decrying the hike in diesel prices as “unjustified” action, Tamil Nadu Chief Minister Jayalalithaa on Tuesday demanded its roll back and withdrawal of powers granted to oil companies to regulate fuel prices.
“There was no justification to resort to diesel price hike when the prices of crude oil in the international market were decreasing and Indian rupee appreciating against US dollar,” she said in a statement here.
The hike would result in increase in inflation, uncontrolled rise in price of essential commodities and increase in the cost of transport for poor and middle class people, Ms. Jayalaithaa said, demanding roll back in price hike.
While the petrol price was on Monday cut by Rs 3.05 per litre, prices of diesel were raised by 50 paise a litre.