‘Modi sarkar can cut fuel costs by Rs 25-Rs 30/litre’

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The Congress on Sunday accused the Centre of profiteering by "mercilessly" imposing taxes on fuel. In a statement, Congress general secretary (in charge, communications) Jairam Ramesh said the Centre can give relief to people from the rising prices by cutting the petrol and diesel rates by Rs 25-Rs 30 per litre through lowering the taxes to the level that existed under the previous UPA government and stop the ongoing "profiteering".

"Our demand is that the Modi government reduce the prices of petrol and diesel by 35 per cent...so that they [people] get some relief from the back-breaking inflation," he said. "Despite the low international crude oil prices, instead of giving its benefits to the people of the country, the Modi government is profiteering mercilessly by taxing petrol and diesel and selling cheap oil at a higher price," he said.

People are facing an economic crisis due to inflation and unemployment, but the BJP-led government is engaged in "looting their hard-earned money", Ramesh alleged. "According to a report by research house Crisil, the three state-run oil companies - IOC, BPCL and HPCL - are estimated to have an operating profit of close to Rs 1 lakh crore in the current financial year, which is three times more than the last year - Rs 33,000 crore," he said.

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