Bhubaneswar, 1 July-2014, Pravuprasad Routray: Ruling BJD of Odisha urges Centre to rollback of petrol, diesel price hike. Bijaya Nayak, State General Secretary, BYJD said that oil price hike by NDA led cenral govt which is highly unfortunate.
Mr. Nayak said that there is nothing difference between NDA and UPA. This hike has expose the real face of NDA Govt. He said that BYJD go for agitation against the fuel price hike.
It should be noted that Petrol price was on Monday hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets.
The hike, effective midnight tonight, excludes local sales tax or VAT and the actual increase will be higher, varying from city to city.
“Due to geo-political unrest in the Middle East, there has been significant increase in international oil prices during the past two weeks. “The international prices of gasoline (petrol) have increased by more than USD 4 per barrel, and the rupee-US dollar exchange rate has also deteriorated. The combined impact of both these factors has warranted an increase in petrol prices by Rs 1.69 per litre, excluding state levies,” Indian Oil Corp said.
IOC said despite the 17 hikes since then, oil firms are losing Rs 3.40 a litre on diesel. Losses have increased from Rs 2.80 a litre earlier this month due to firming up of international oil rates and the rupee depreciating against the US dollar.
(Input Source: orissadiary.com)