Yechury flays UPA policies for petrol price hike

June 30, 2011 18:07

The CPM today held the UPA policies responsible for the hike in petro product prices, saying the government paid a whopping Rs 40,000 crore as subsidy to oil companies in 2010-11 from the public exchequer.

"Who is subsidising whom," senior party leader Sitaram Yechury asked, indicating that the aam aadmi was being made to pay for it. He also said the government "seems to consider the misery of the people only when it comes to votes", thus delaying the hike in prices of diesel, kerosene and LPG because of assembly elections in the five states.

The government's justification behind hiking the prices citing rise in global crude prices "falls flat as the same has gone down to USD 90-92 per barrel compared to the USD 100-115 in April-May this year," he said.

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