CITU against Govt's move to hike fuel price

New Delhi, Dec 24 (UNI) The Centre of Indian Trade Unions (CITU) today said it will strongly oppose the Government's reported move to hike petrol and diesel prices next month.

The hike would further burden the common man and working class already reeling under pressure following exhorbitant rise in prices of essential commodities during the last one year, CITU sources said.

The trade union alleged that the government's move was to help the public sector marketing companies like IOC, BPCL and HPCL, as it was getting high dividend and mopping up huge tax and duties from these PSUs.

It demanded immediate reduction on import duty crude oil from the prevailing five per cent to nil and reductionin the Central excise duty including cess.

The union also urged the Government to make excise duty specific in term of rupees per ton by eliminating ad valorem content in excise duty.

UNI