Pass on benefits of low oil prices to common man: Cong

With international prices of crude oil falling to record low in 11 years, Congress today demanded that Prime Minister Narendra Modi pass on the benefit to common man.
"People of India should not be burdened with taxes on petroleum products to the tune of Rs 1,10,000 crore per year.
"We demand that the Modi government must rise to the occasion, understand its responsibility and instead of hoodwinking the people with empty sloganeering fulfill its promise of 'achhe din'", party's chief spokesman Randeep Surjewala said.
In a statement, he said "Regrettably", Modi government is indulging in "profiteering" by imposing "unprecedented" taxes in shape of excise and customs on crude oil.

He said once prices of petroleum products are reduced, it will automatically lead to reduction in prices of food products.
Rail fare, bus fare and all other transport fares will automatically go down. Entire country would be benefited, he added.
International prices of crude oil have fallen to an unprecedented low level of 36 US dollar per barrel which is lowest in 11 years equivalent to year 2004 crude oil prices.