Why no relief given when crude prices go down: Siddaramaiah questions fuel price hike

Team Udayavani, Jun 10, 2020, 5:36 PM IST

Bengaluru: Former Chief minister Siddaramaiah on Wednesday questioned the hike in fuel prices across the country for the fourth day in a row.

In a tweet, Siddaramaiah stated that the whenever the crude prices go up the Central government is quick to pass on the burden to the common man but does not reduce prices when the crude prices fall.

“Petrol & Diesel prices are increased by approx ₹ 2 in 4 days!! @PMOIndia is very fast in burdening the common man when Crude price goes up but becomes numb to provide relief when Crude price goes down. How can we expect demand to improve when fuel price keeps increasing?,” he tweeted.

Petrol & Diesel prices are increased by approx ₹ 2 in 4 days!!@PMOIndia is very fast in burdening the common man when Crude price goes up but becomes numb to provide relief when Crude price goes down.

How can we expect demand to improve when fuel price keeps increasing?

— Siddaramaiah (@siddaramaiah) June 10, 2020

Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision. In four hikes, petrol price has gone up by Rs 2.14 per litre and diesel by Rs 2.23.