Tripura Left Front flays PM for favouring oil importing companies

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Agartala, Nov 13 (UNI) The Tripura Left Front today lambasted Prime Minister Manmohan Singh and the UPA government for allegedly favouring crude oil and petroleum importing companies in India, along with ignoring the interest of common people.

Talking to newspersons here today, senior CPI(M) leader and Tripura Finance Minister Badal Choudhury said the recent statement of Dr Singh, regarding the reduction of the price of petroleum products, had clearly indicated that his government was more interested to protect the interest of five major companies like Reliance, who were the major funding source of the Congress.

'' Despite the recession of crude oil price at USD 64 per barrel in the international market, the UPA government is yet to take any step to reduce the price of fuel in the domestic market. Rather, the Prime Minister is advocating that the oil companies will manage their loss in existing rate,'' Mr Choudhury said.

He said the refining cost of petrol or diesel in India stood at rupees three only, while the companies were making profits to the tune of Rs 11 per liter, alleging that the government had been inactive over the issue.

The Left parties have been demanding to impose windfall tax (tax on unexpected profit) on the oil business but neither Prime Minister nor the finance minister recognised the issue to manage the ongoing economic crisis of the country, Mr Choudhury felt.

India had shielded itself from the recent economic crisis as the Left parties had been able to resist the UPA government from its plan of massive privatisation on the US-model, he claimed.

The finance minister apprehended that the foreign investment in Tripura from the Japan Bank for International Cooperation, German and Asian Development Bank might be affected due to the ongoing economic crisis in world economy.

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