Hiked petrol prices likely to be partially rolled back

Hiked petrol prices likely to be partially rolled back

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Looking at the wide spread agitation and criticism over the massive hike of petrol of more than Rs. 6. 28 per litre, excluding local taxes, there are chances of a partial rollback. The opposition, the allied parties and even the Congress leaders said that they were not even aware of the of the petrol hike.

So even the parties have now joined in to the protest that the hike should be withdrawn. The push for the withdrawal of the hike has come from the Congress party which leads the UPA government.

Manish Tewari, a spokesperson of the party said on May 24, 2012 that he hopes that the government could find a way to lessen the burden on the common man. But Tewari added, “This is not the decision of the government, this is not a political decision. This falls in the jurisdiction of oil companies.”

Moreover some state governments have already stated to take measures in the issue. Chief Minister Shiela Dixit last night indicated that they might consider cutting taxes on Petrol so that the state people can get some relief from the hike of the fuel prices. Dixit was asked if she would consider to reduce VAT on petrol, to which she said, “We will see what we can do.” Meanwhile the whole country is in rage over the fuel hike.