Sonia Gandhi Writes To Modi Over ‘Unsustainable’ Rise In Fuel Prices  
Congress chief Sonia Gandhi. (Source: PTI) 

Sonia Gandhi Writes To Modi Over ‘Unsustainable’ Rise In Fuel Prices  

Bookmark

Writing to Prime Minister Narendra Modi over "spiralling" fuel and gas prices, Congress chief Sonia Gandhi on Sunday accused the government of "profiteering" off "people's misery" and demanded a rollback of the increase in prices.

In a letter to Modi, she said the truth is that as GDP "nosedives", the prices of gas, diesel and petrol continue to rise unchecked.

"I write to you to convey every citizen's anguish and deep distress regarding the spiralling fuel and gas prices. On one hand, India is witnessing systematic erosion of jobs, wages and household income. The middle class and those at the margins of our society are struggling. These challenges have been compounded by runaway inflation and an unprecedented rise in price of almost all household items and essential commodities," the Congress chief said.

"Sadly, in these distressing times, the government has chosen to profiteer off people's misery and suffering," Gandhi said.

Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while diesel rate crossed Rs 88-mark. This was the twelfth straight day of price hike and the largest daily increase since oil companies started to revise rates on a daily basis in 2017.

Also read: Petrol Crosses Rs 100 A Litre—More Than Half Of What You Pay Is Taxes

The increase pushed the petrol price to Rs 90.58 a litre in Delhi and to Rs 97 in Mumbai.

Stressing that fuel prices are at an "historic and unsustainable" high, Gandhi said petrol has breached the Rs 100 per litre mark in many parts of the country and the surging price of diesel has added to the escalating woes of millions of farmers.

"What baffles most citizens, is that these prices have been increased despite moderate prices of international crude oil. To put it in context, the crude oil price is nearly half of what it was during the UPA government's tenure. Therefore, your government's act of raising prices (continuously for 12 days till February 20th) is little less than a brazen act of profiteering," she said.

What is equally distressing is that despite being in power for almost seven years now, the government continues to blame previous regimes for its own economic mismanagement, she said in her letter to Modi.

Also read: Petrol At Rs 100: India Asks OPEC To Ease Output Cuts

To set the record straight, domestic crude oil production has fallen to an 18-year low in 2020, Gandhi said.

Governments are elected to ease the burden of people and at the very least, not work directly contrary to their interests, the Congress chief said.

"I urge you to roll back these increases and pass on the benefit to our middle and salaried class, our farmers and poor and our fellow citizens. It is they who are battling an unprecedented economic slowdown, widespread unemployment, wage reductions and job losses, high prices and erosion of income," she said.

Also read: Petrol At Rs 97 A Litre In Mumbai, Diesel Crosses Rs 88-Mark

"I hope you will agree that it is time for your government to focus on solutions instead of looking for excuses. India deserves better," Gandhi said.

Union Finance Minister Nirmala Sitharaman on Saturday had said the Centre and state governments will have to together to work out a mechanism to bring retail rates of petrol and diesel to reasonable levels.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.