The protest was organised at Delhi Gate this morning and a number of demonstrators blocked traffic.
Holding placards and shouting slogans against the government, the Left activists marches towards the Daryaganj Police Station where they courted arrest.
Besides Karat, Yechury and Bardhan, leaders like D Raja, Amarjeet Kaur and Vijender Sharma also courted arrest after the protest.
Raja said the petrol hike was unjustifiable and it should be withdrawn immediately.