CPI(M) General Secretary Prakash Karat said in Kolkata that the Left will hold talks with other parties on organising a "common movement" against the decision that will hit common man "badly" while his party will hold protests in the states.
A CPI(M) Polit Bureau statement termed the government move a "gigantic fraud" and said the hike will have a cascading inflationary impact imposing greater burdens on the already suffering people.
It also rejected as a "patent falsehood" the government reasoning that such hikes were inevitable because of the burgeoning losses of oil companies, claiming that the account books of ONGC, Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum were showing profits in hundreds of crores.
CPI termed the decisions as "retrogade and anti-people" with its National Secretary D Raja claiming the decision will further increase hardship of the common people. "Government should not go ahead," he said.
Forward Bloc said in a statement it will organise protests and sought the support of like-minded parties to organise joint mass action against the "unjustifiable act" of the government. It alleged the "inflated accounts of under recoveries" of oil companies were an attempt to fool people.
Targeting Trinamool Congress, CPI(M) Polit Bureau member Brinda Karat told PTI that the party was using the absence of its Minister Mukul Roy in the Cabinet Committee on Political Affairs meeting, which took the decision, as a "tool of convenience" to avoid criticism.
"It is hypocrisy and double standard. They are running with the hare and hunting with the hounds," she said. (More)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
