Petrol and diesel prices have hit 3-year highs in the wake of the implementation of daily revision of fuel policy and now there has been a backlash. Looking to explain the trend, the Centre is holding firm onto its decision but at the same time it has sought to explain why fuel prices are rising and also as to where exactly the government is deploying the money collected via these taxes. The latest Union minister who has addressed the issue in the public is newly appointed Alphons Kannanthanam. Speaking to the media today Kannanthanam said “Who buys petrol? Somebody who has a car, bike; certainly he is not starving. Somebody who can afford to pay, has to pay,” as per ANI. The minister said the government is here for welfare of the downtrodden, ensure electricity in every village, make houses, build toilets. “It is going to cost enormous amount of money. So we are going to tax people who can afford to pay,” Kannanthanam added.
Yesterday, the Delhi Congress hit out at the BJP-ruled Centre for the “historic” rise in prices of petrol and diesel. The party will launch a campaign to collect one million signatures against hike in the fuel prices and hold a mega demonstration at Jantar Mantar on September 20, said Delhi Congress president Ajay Maken. “The prices of petrol and diesel have touched the highest levels in the history of the country despite a fall in the prices of crude oil in the international market,” he said in a press conference, as per PTI.
Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Thursday took to Twitter and backed government’s daily revision of petrol and diesel prices move. In two of his tweets, the Oil minister explained some facts about the Indian and international oil markets. According to the stats presented by Pradhan, hike in petrol price in international market was as high as 18 per cent, but in India the same rose by 4 per cent in the past three months. Similarly, hike in diesel prices was by up to 20 per cent in international markets and was again 4 per cent in domestic Indian market.