New Delhi > CPI M calls for nationwide protests on May 8 against the sharp increase in the retail price of petrol and diesel which is having a backbreaking impact on the ordinary people of the country. The Polit Bureau of the CPI M strongly condemned the astronomical rise in the prices of petrol and diesel in the country in a statement issued.
The price of the petroleum products have the obvious cascading effect on the essential commodity prices which the common man uses for daily life. The PB firmly expresses that this unusual rise which makes retail prices of petroleum products in India, the highest in South Asia is principally on account of the tremendous hike in mopping up revenues by the central government, through excise duties, the statement said.
In the last four years, from April 1, 2014, the excise duty on petrol has gone up from Rs 9.48/litre to Rs 19.48/litre as of now. This amounts to a hike of 105 per cent and 47.4 per cent of the retail price is going to the tax revenue collection. Similarly, the excise duty on diesel which was Rs 3.56/litre on April 1, 2014, has now gone up to Rs 15.33/litre. This again amounts to an increase of 330 percent, while 38.09 percent of the retail price is going to taxes. Going back to the earlier promise of reducing the duty in the event of hardening of the international crude price, the government will commensurately reduce the duty, the high level of duties continue resulting in backbreaking burden on the people. The retail prices of petrol and diesel are both now ruling at the highest ever levels.
The Polit Bureau demanded the central government to immediately roll back the duty to provide some relief to the people who are coming under tremendous burden. The Polit Bureau also called upon all its units to observe May 8 as an all India Protest Day demanding the immediate rollback of duty hikes.
This is particularly necessary after the central government willingly allowing lakhs of crores of rupees as tax waivers to top corporates of the country. The Polit Bureau appeals to all other democratic and pro-people forces to also join in this action to force a roll back of excise duties – the statement added.
