Jaya Raps Diesel Price Hike

Urges Modi to withdraw petroleum pricing deregulation introduced by UPA regime

Published: 02nd June 2014 08:05 AM  |   Last Updated: 02nd June 2014 08:05 AM   |  A+A-

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

JAYA.jpg“It is disturbing that the price of diesel has been raised by 50 paise 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 brings a feeling 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 cost, local production cost, refinement cost and exploration cost. “Doing so will certainly lead to a reduction in the price of petroleum products, and aid in controlling rising prices,” she said.

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

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp