November 23, 2008
Chennai (PTI): Slamming the Centre for refusing to reduce the fuel prices despite plunging crude rates, DMDK founder Vijayakant on Sunday demanded for an immediate price cut to 'stabilise' the economy.
The Centre had hiked the fuel prices when crude oil cost was USD 147 a barrel. It has now reduced to USD 50, the fuel price also is expected to go down further, the actor-politician said in a statement here.
"While Prime Minister Manmohan Singh has ruled out any cut in prices, petroleum officials maintain that the prices are not being slashed to manage under recoveries. The Centre should reduce the duty on fuel which would automatically help in reducing the prices," he said.
It was only logical that the rates should be slashed as the global crude prices were now going down, he said.
"That should be the intention of the government striving for public welfare," he said, adding the cut in fuel prices would automatically bring down the manufacturing costs and others, helping in "easing of the inflation and spiralling prices."
He also slammed Union Finance Minister P Chidambaram for asking the industries to reduce prices of commodities to help the economy, and said the government should lead in this regard and reduce petroleum prices.
He asked Tamil Nadu Chief Minister M Karunanidhi to write to the Centre demanding reduction of fuel prices.
Source: www.hindu.com
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