Tamil Nadu CM Demands Rollback of Recent Fuel Price Hike
‘Unacceptable’, says Tamil Nadu CM Vijay on fuel price hike, demands immediate rollback
Hindustan Times
Image: Hindustan Times
Tamil Nadu Chief Minister C Joseph Vijay condemned the recent ₹3 per litre increase in petrol and diesel prices, labeling it 'unacceptable' and calling for an immediate rollback. He emphasized that the hike would disproportionately impact the poor and middle classes, raising costs for daily commodities and potentially slowing economic growth.
- 01The fuel price hike follows recent elections in five states, raising concerns about timing.
- 02Vijay noted that oil companies do not adjust prices in accordance with global crude price trends.
- 03He highlighted that the price increase would affect two-wheeler users and small vehicle owners, impacting their livelihoods.
- 04The Chief Minister warned of a potential slowdown in the market and exports due to increased input costs for small businesses.
- 05Global crude oil prices have risen over 50% since February 28 due to geopolitical tensions in the Middle East.
Advertisement
In-Article Ad
Tamil Nadu Chief Minister C Joseph Vijay expressed strong discontent over the recent ₹3 per litre increase in petrol and diesel prices, calling it 'unacceptable' and demanding an immediate rollback from the Union government. He argued that this price hike would adversely affect the poor and middle-class families, particularly those reliant on two-wheelers and small vehicles for their daily commute and livelihoods. Vijay criticized oil marketing companies for failing to lower prices in line with global crude price fluctuations, instead opting to maximize profits. He pointed out that the rise in fuel prices would lead to increased costs for daily commodities, thereby diminishing the purchasing power of low-income households. Furthermore, he warned that the price hike could trigger a slowdown in market activity and exports due to higher input costs for small and medium enterprises (SMEs). This increase follows a significant surge in global crude oil prices, which have risen by more than 50% since February, primarily due to geopolitical tensions in the Middle East, affecting energy supply routes. Petrol and diesel prices are now at their highest levels since May 2022.
Advertisement
In-Article Ad
The fuel price hike will increase transportation costs, affecting the affordability of daily necessities for low-income families.
Advertisement
In-Article Ad
Reader Poll
Do you support the rollback of the recent fuel price hike?
Connecting to poll...
Read the original article
Visit the source for the complete story.


