INVC NEWS
New Delhi – : Senior Congress leader P Chidambaram accused the Center of profiteering at the expense of the people through high taxes on fuel. The former finance minister said that one of the reasons for rising inflation is artificially kept high prices of petrol and diesel.
The former Union minister attacked the government and urged Finance Minister Nirmala Sitharaman to read an English newspaper editorial, which mentioned that petrol prices were deregulated between 2010 and 2014 under the UPA and NDA governments. Was. However, deregulation reforms have stalled since September 2014, he said.
The report states that between 2014 and 2021, crude oil prices were below $60, peaking when Russia invaded Ukraine in February 2022, but falling again to $75. Is. Yet, the government has not passed on the benefit of lower crude oil prices to consumers consuming petrol and diesel.
It is clear that the government is profiteering through high taxes and cesses at the cost of common people, he alleged. He said, one of the reasons for rising inflation is keeping the prices of petrol and diesel artificially high. The Congress is accusing the central government of not passing on the benefit of low crude oil prices to the consumers and is demanding relief for them.
