Demanding immediate rollback of the hike in the prices of petrol and diesel, Chief Minister J Jayalalithaa Friday night suggested that the Centre create a separate fund to protect the common man whenever the value of the rupee falls.
From Saturday, a litre of petrol in Chennai would cost `66.85 while a litre of diesel would come at `53.53.
Condemning the hike, the Chief Minister said the Centre was enacting a cheating act by cutting petrol price since March keeping an eye on the Karnataka polls and hiking it just after it ended. “Further, the hike is effected at a time when the price of crude oil is stable in the international market. This is improper,” she added.
Pointing out that fixing oil prices on basis of the value of rupee against US dollar is unacceptable, the CM said that the hike would cause a further increase in the prices of essential commodities. She also reiterated her view that the current oil pricing policy was incorrect.