Petrol price hike of Rs 7.5 in India is being condemned by politicians and commoners alike. It will haunt common people, many of whom will have to abandon their two and four wheelers
By Syed Ubaidur Rahman (NVONews.Com)
People have been shocked by the steep hike in petrol prices. The Indian government has announced a sharp hike of Rs 7.5 saying that the hike had become essential as the international crude price had gone up. The depreciation of Indian rupee against dollar has also been given as an excuse for the sudden and sharp hike in petrol price.
After the hike, consumers will have to pay at least Rs 73.20 in New Delhi for a liter of petrol, while in Mumbai it will be sold even higher at 78.16, while in Kolkata one liter petrol will cost as much as Rs 77.53.
The sudden hike is going to make people’s life all the more difficult. It will become miserable. Common people are already reeling under unprecedented inflation and essential commodities’ prices are already touching the sky. With this round of price hike, inflation will further go up. Analysts are of the view that if nothing else, the spiraling price of essential commodities will cost Congress party its government at the Center.
There is a mad rush at petrol pumps right now across the Indian capital. People want to get the petrol, before the hike comes into force later tonight. The Rs 7.5 per liter hike is going to play big on people’s minds and their whole budget is going to be affected.
Meanwhile political leaders of all hues are opposing such a sharp hike in the price of petrol. BJP leader Rajiv Pratap Rudy has called it a reign of economic terror. “The central government is all set to unleash a reign of economic terror across the country”, said senior BJP leader.
CPM leader Sitaram Yechury also called the hike a criminal act. “The move was a “criminal additional burden” on people’s livelihood”, said Yechuri. Another political leader said, “It is a cruel blow on people who are already suffering from severe price rise. The Left parties have called upon all party units to immediately organise powerful protest actions.”
Meanwhile BJP spokesperson Ravi Prasad said, “This whole petrol price hike is clearly unreasonable, arbitrary and is condemned as it will put further inflationary pressure and lead to further rise in prices. Life of the common man will become more difficult and miserable. The gross mismanagement of food and general economy by the UPA regime has led to the decline of the Rupee.”