Kozhikode: At a time when the public is going through an unprecedented time of difficulty, the central government must go back from its stand of increasing the price of petrol and diesel providing huge profit for oil companies, Loktantrik Janata Dal Kerala president M. V. Shreyams Kumar said.
The coronavirus pandemic has brought every sector into a standstill. During such a time, the skyrocketing fuel prices will break the common man’s back. Within three weeks, the prices of Petrol and Diesel increased by over 10 rupees per litre. Inflation is likely to rise further.
The agricultural and industrial sectors have collapsed and the country is moving towards recession. Inflation will throw public life out of gear. Prices of essential items will increase. Transport industry will collapse. Farmers and labourers will be the worst affected. Unemployment will increase in agriculture and industrial sectors which is already facing huge losses, he said.
Global crude oil prices are at the lowest in the last two decades. It is in this situation that the central government is continuously increasing fuel prices. The price of Brent crude had dropped a 21-year low of 15.98 Dollars. However, the government denied the people the benefit by increasing taxes, he added.
Shreyams Kumar also said that India has the highest fuel price compared to its neighbours.