THURSDAY, 24 MAY 2012
22:43
PNS | BALANGIR
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Even as the people of entire Odisha are reeling under a severe
heat wave and the frequent power failures and water shortage have made their
lives miserable, the hike of petrol price by Rs 7.50 per litre has further
added to their ordeal.
“The steep hike of petrol prices by a
whopping Rs 7.50 per litre is unjustifiable on any count,” said former
Sambalpur MP and president of All India University Employees’ Confederation
Bhabani Shankar Hota.
“The Government is playing game with
the people of this country. At 0.44 am on December 24, 2012, the Brent Crude
price was US $ 105 per barrel whereas the WTI crude price was US $ 90.47 per
barrel. The monthly average of exchange rate per US dollar in May (till today)
was Rs 54 whereas yesterday it was Rs 56 per dollar,” Hota pointed out.
He further said, “The crude price is
not US $110 per barrel as being made out by the Government. A simple
arithmetical calculation would lead to the fact that due to falling rupees rate
which is fluctuating (it was Rs 48 per US dollar as on February 3, 2012), the
actual rise in prices of petrol should not be more than Rs 4 per litre
that too assuming that the exchange rate of rupee would be constant at Rs 56
and would not go down. This was the case of a wrong decision at a wrong time
which would be stoutly opposed by every section of the society except the
lackeys of US imperialism.”
Balangir MP Kalikesh Narayan Singh
Deo said, “The common man is already reeling under the high rise of prices of
essential commodities. The hike in petrol price is going to be a huge burden on
the poor and middle classes.”
After the news of hike in petrol
price came in television on Wednesday, people rushed to nearby petrol pumps and
there was a panic buying of petrol. “We opened and sold petrol exceeding the
schedule time,” said a petrol pump owner.
Samajwadi Party district president
Arun Mishra said, “It is a gift of the UPA Government to Aam Aadmi on
completion of its third years. We demand rollback of the hike.”
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