Centre could have averted situation to hike petro price: Subhasini

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Patna, Jun 8 (UNI) The Centre could not have found itself in a position to hike the price of the petroleum products despite the rising prices of the oil in the international market if it had taken appropriate steps earlier to avert such a situation, former MP and president of All India Democratic Women Association(AIDWA) Subhasini Ali Sehgal said here today.

Ms Sehgal told newspersons that the Centre was required to create a fund from the revenue generated from excise and import duty on petroleum products and it was to be used to regulate the price of petro products without affecting the interests of oil companies in the country.

''The Centre has failed to create the said fund so far leading to the present situation of price rise of the petro products, '' she said adding 'Aam Admi' (common man) was left at the mercy of God to fulfil the basic needs of life.

Expressing concern over the export of oil by private companies like Reliance and CAIRN, Ms Sehgal said neither was the Centre taking steps to stop the export of oil nor was it imposing 'windfall profit' tax as these companies were making huge profits due to the rise in international price of petro products without making extra efforts.

''The reduction of one per cent tax on excise duty of petroleum and diesel is not enough to provide cushion to the masses following the hike in oil prices, '' she said and added that the Centre should have reduced it more to save the people from the brunt of price rise.

Ms Sehgal announced that almost all Left parties, including CPI(M), CPI, CPI(ML), Forward Bloc and RSP would enforce Bihar bandh on June 10 to protest the price rise of petroleum products.


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