Hike on petroleum products arbitrary, irrational: CPI (M)

Demands immediate rollback of its decision

Jammu and Kashmir News

Srinagar, July 25: J&K State Committee, CPI (M) takes a strong exception to the government move to increase tax rate of petroleum products which is directly going to result an unbearable burden on people.

The State Committee observes that people, who are yet to come to terms after devastating floods in last September, did not get any respite from inflation and rising prices and the same has genuinely made poor people restless.

In view of this precarious situation, CPI(M) State Committee censures and strongly opposes this move of the Jammu and Kashmir government by virtue of which the rate of tax on sale of motor spirit and diesel has been increased by four percent (4 %) each.

These arbitrary and irrational hikes on petroleum products are completely unacceptable and it is vehemently demanded that the state government should immediately rollback its decision.

The State committee opines that the latest hike in prices of diesel and petrol would fuel price rise of essential commodities, which would burden the people of the state further. The increase in petrol and diesel prices will affect transportation costs and will surely have a cascading affect on inflation.

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