Poor, Middle-Class Will Continue To Pay: Chidambaram On Fuel Price Hike

Publish On: 08 Jun, 2020 04:59 PM | Updated   |   Shivalik  

On Monday, Senior Congress leader P Chidambaram lashed out at the government after it increased the prices of automobile fuels twice in two consecutive days.

State-run oil companies raised the prices of petrol and diesel by 60 paise per litre for the second consecutive day on Monday. The fuel price had been hiked by the same amount on Sunday as well.

Also Read: Coronavirus: Cases In India Go From 2 Lakh To 2.5 Lakh In Just 5 Days!

Taking to his official Twitter handle, the Congress leader said, “Fuel selling prices raised twice in two days, following tax hikes two weeks ago. This time to benefit oil companies."

“Government is poor, it needs more taxes. Oil companies are poor, they need better prices. Only the poor and middle class are not poor, so they will pay,” the former Union finance minister said.

The second consecutive hike comes after oil marketing companies resumed the dynamic pricing system for daily revision of fuel prices after a gap of more than 80 days.

Some state governments in the country had also surged taxes imposed on transportation fuels in a bid to increase revenues during the nationwide lockdown.

Also Read: Rahul Hits Out At Shah For Remark On Border Protection

On May 16, the Central government had increased the excise duty on petrol by Rs 10 and on diesel by Rs 13 per litre in order to recompense for revenue loss due to the deadly COVID-19 outbreak but it did not affect the retail sale price of the fuels.