Accusing the government of following anti-people's policies, the opposition parties said the hike will impose an "unprecedented burden" on people and trigger inflationary pressures.
"Central government is following anti-people policies. When international crude prices fall, the benefit is not passed on to the common man. Government could have ensured the prices did not go up by lowering Excise Duty. But Centre is concerned only about its revenue and has passed on the burden to the people," PMK Youth Wing Leader and Dharmapuri MP Anbumani Ramadoss said.
The party's media department incharge Randeep Surjewala said the increase is "another step reflecting a disconnect with people-oriented governance".
"Instead of adjusting excise and customs duty revenue which is leading to an accrual of additional Rs 90,000 crore, government is profiteering at the cost of gullible farmer and common man", he said.
AIADMK supremo J Jayalalithaa demanded that the price fixation policy for the petroleum products be revisited.
"The increase in prices of petrol and diesel effected by Oil Marketing Companies (OMCs) will result in the rates of all commodities going up. The lives of ordinary people will be impacted due to this," she said.
She said it would be 'appropriate' to determine the prices of petrol and diesel based on international crude prices rather than on the said fuels' rates in the global market.
The latest hike by the OMCs should be immediately rolled back and Centre should wrest the authority of fixing fuel prices from the former, she added.
"The latest hike in petrol and diesel prices are harsh," DMK President M Karunanidhi said.
He said the government took the benefit when global crude prices went down and passed on the burden when they soared.
The CPI (M) said the hike will impose an "unprecedented burden" on people and urged them to protest against the "latest imposition of burden" on their livelihood.
Accusing the government of being "insensitive" to the problems of the common man, senior CPI leader D Raja attacked the government for asking oil marketing companies (OMCs) to hike diesel and petrol prices "arbitrarily".
After two rounds of cuts, petrol prices were increased by Rs 3.96 per litre and diesel by Rs 2.37 a litre yesterday, tracking global cues.
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
