Congress Criticizes Fuel Price Hike, Warns of Inflation Impact
Fuel price hike will trigger inflation: Congress
The Economic TimesImage: The Economic Times
The Congress party has condemned the Indian government's recent ₹3 per litre increase in petrol and diesel prices, attributing it to the Modi administration's policies. Congress leaders argue that this hike will exacerbate inflation, burdening the public financially, especially as rising diesel prices trigger wider inflationary effects across the economy.
- 01Congress leader Rahul Gandhi stated that the public will bear the consequences of the Modi government's mistakes regarding fuel prices.
- 02Congress president Mallikarjun Kharge emphasized that the economic crisis in India is a result of both global fuel issues and a leadership crisis within the Modi government.
- 03Randeep Surjewala revealed that the Modi government has raised ₹43 lakh crore through fuel taxes since 2014, averaging ₹1,000 crore daily.
- 04Surjewala also accused the BJP government of consistently increasing fuel prices after elections.
- 05The Congress party warns that rising diesel prices will have a cascading inflation effect across the country.
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The Congress party has expressed strong opposition to the recent ₹3 per litre increase in petrol and diesel prices, attributing the hike to the policies of Prime Minister Narendra Modi's government. Congress leader Rahul Gandhi criticized the government, stating that the public will ultimately pay for the government's mistakes, and referred to the price increase as a '₹3 shock' that will lead to further incremental hikes. Congress president Mallikarjun Kharge pointed out that the ongoing economic crisis in India is not solely due to global fuel prices, but also reflects a leadership crisis within the Modi administration. He argued that ordinary citizens are feeling the financial strain from rising costs associated with petrol, diesel, and liquefied petroleum gas (LPG). Randeep Surjewala, another Congress leader, highlighted that the Modi government has collected approximately ₹43 lakh crore (roughly $5.2 trillion USD) in taxes from fuel over the past 11 years, which translates to about ₹1,000 crore (approximately $120 million USD) daily since 2014. He further claimed that the BJP government has a pattern of increasing fuel prices following elections, which raises concerns about the government's commitment to economic stability.
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The fuel price hike is expected to increase living costs for ordinary citizens, leading to higher prices for goods and services across the economy.
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