Left denies giving nod to hike in fuel prices
New
Delhi,
Jan
14:
The
CPI(M)
today
denied
media
reports
suggesting
that
the
Left
had
given
its
consent
for
increasing
the
fuel
prices,
saying
it
was
strongly
opposed
to
any
hike
in
the
prices
of
petroleum
products
as
the
Centre
had
collected
Rs
40,000
crore
more
than
budget
estimates
through
ad
valorem
taxes.
In a statement here, CPI(M) politburo said any hike in the fuel prices would further add to the burden of the people at a time when they were already suffering from the spiralling prices of essential commodities. Several newspapers had reported today that the hike in petrol and diesel prices and possibly also LPG looked certain with the Left leaders agreeing to a marginal increase in prices of petroleum products and duty cuts.
''The CPI(M) politburo denies any such consultation having taken place or giving its consent for such a hike. On the contrary, the CPI(M) has been consistently opposing any hike in the prices of petroleum products,'' it said.
The party further said it was estimated that the central government had collected Rs 40,000 crore more than the budget estimates through ad valorem taxes.
''If this amount were returned to the oil companies, the necessity of increasing the prices of petroleum products will not rise,'' the statement added.
It said the CPI(M) was opposed to any hike in the prices of petroleum products.
UNI