Jaya Calls for Modi’s Intervention to Roll Back Diesel Price Hike

Chief Minister J Jayalalithaa has urged the Centre to roll back the latest hike in diesel prices, and also sought Prime Minister Narendra Modi’s intervention in withdrawing the petroleum pricing deregulation put in place by the previous UPA government.

Published: 01st June 2014 05:12 PM  |   Last Updated: 01st June 2014 07:29 PM   |  A+A-

jayalalithaa_PTI

CHENNAI: Tamil Nadu Chief Minister J Jayalalithaa has urged the Centre to roll back the latest hike in diesel prices, and also sought Prime Minister Narendra Modi’s intervention in withdrawing the petroleum pricing deregulation put in place by the previous UPA government. She also suggested that the Centre could arrive at its own price determination methodology.

“It is disturbing that the price of diesel has been raised by 50paise per litre just days after the Union Minister for Consumer Affairs, Food and Public Distribution said controlling food inflation would be the top priority of the new government. This is giving the sense of being cheated to all those people who had sought progress through change,” said Jayalalithaa in a statement on Sunday.

“I urge the Prime Minister to intervene and reclaim the power of petroleum price determination from the Oil Marketing Companies, and undo the wrong economic policies of the previous UPA government,” she added.

Jayalalithaa suggested that the Centre could arrive at its own price determination mechanism, taking into account factors such as crude import costs, local production costs, refinement costs and exploration costs. “Doing so will certainly lead to the reduction in prices of petroleum products, and aid in controlling rising prices,” she said.

Jayalalithaa has time and again called for the dismantling of the petroleum pricing deregulation after each hike in petrol or diesel prices, ever since it was put in place  by the previous UPA government.

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