The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:
The belated price cut in petrol and diesel announced by the UPA government yesterday is highly inadequate considering that the international price of crude oil has come down to almost $ 40 per barrel.
The CPI(M) is, therefore, of the view that the price of petrol should have been brought down by at least Rs. 10 and diesel by Rs. 5 per litre which could have given some urgent relief to the people of the country.
The CPI(M) demands that the government should immediately announce further reduction in the price of petrol, diesel and cooking gas.