Jayalalithaa demands rollback of petrol & diesel price hike

Tamil Nadu Chief Minister J Jayalalithaa has asked oil companies to roll back petrol and diesel prices immediately. She said the price hike will lead to increase in prices of essential commodities.

"I have pointed out many times that the price fixation policy followed by oil marketing companies (OMCs) is wrong. The price of petrol and diesel has now been increased based on this wrong policy," she said in a statement.

The bi-monthly determination of fuel price based on the Rupee-US Dollar exchange rate was "not the right policy", said the AIADMK supermo.

"Due to the hike in petrol and diesel prices, freight charges will increase and prices of essential commodities will go up, affecting ordinary people. I urge that the hike announced by the oil marketing companies should be withdrawn," she said.

 

Since November 2014, against the backdrop of the Centre increasing excise duty on petrol by Rs 11.77 and diesel Rs 13.57, the present hike was not correct, she said