Left Parties Denounced Price Rise of Petroleum Products

Date: 
Wednesday, June 4, 2008

Press Statement

The Left parties – Communist Party of India (Marxist), Communist Party of India, Revolutionary Socialist Party and All India Forward Bloc – have issued the following statement:

Price Rise of Petroleum Products Denounced:

Call for Powerful Protest Movement

The government has announced a steep increase in prices of petroleum products across the board. The price of petrol per litre is increased by Rs. 5; diesel by Rs. 3; and LPG cylinder by Rs. 50. This onslaught on the people comes at a time when they are suffering from the steep price rise of all essential commodities. In the background of the failure of the government to tackle the rising rate of inflation, this hike in petroleum prices will further aggravate the inflationary situation.

The increase in the price of diesel, in particular, will have a cascading effect on all-round prices as the transportation costs will rise sharply. Rs. 50 increase in the price of LPG cylinder will also be a crushing burden on family budget of ordinary people.

The Left parties had given a set of alternative proposals which have been ignored by the government for the past three years. The only substantial step taken is the doing away of the 5 per cent import duty on crude oil.

It is to be noted that the government has refused to impose a windfall profits tax on the oil and gas extracting companies and the private oil refineries. The spectacle of these companies reaping huge profits while the common people are burdened with huge price increases will not be lost on the people.

The Left parties demand that the UPA government review the decision on the price hikes. It should cut excise duties more and impose windfall taxes on private companies.

The Left parties call for a powerful countrywide protest movement against the steep hike in petrol, diesel and cooking gas prices. From the 5th to the 11th of June, the Left parties will mobilize the people to conduct hartals, strikes, picketing, rail roko, rasta roko and demonstrations to register the people’s protest against this unjustified burden.

Sd/-                                                                             Sd/-

(Prakash Karat)                                                               (A. B. Bardhan)

General Secretary, CPI(M)                                      General Secretary, CPI

 Sd/-                                                                             Sd/-

(Debabrata Biswas)                                                            (T. J. Chandrachoodan)

General Secretary, AIFB                                          General Secretary, RSP