Steep hike in LPG price is 'anti-poor': AAP

Image
Press Trust of India New Delhi
Last Updated : Mar 02 2017 | 9:28 PM IST
The AAP today lambasted the Centre over a steep hike in the rate of non-subsidised cooking gas (LPG), branding the move as "anti-poor".
Delhi Chief Minister Arvind Kejriwal said the move will directly affect the common man.
The party also attacked the Central government over some banks' decision to charge per transaction for cash deposits and withdrawals, claiming that they were being told by the government to levy the fee.
"The rate of non-subsidised LPG in September 2016 was Rs 466, while the current rate is Rs 737.50. This is a steep hike of 58 per cent in last six months. The government's decision to hike rates of mini LPG cylinder has also hit the poor dearly," AAP's national treasurer Raghav Chadha said.
The price of non-subsidised LPG was hiked yesterday by a steep Rs 86 per cylinder.
AAP leader Ashutosh said while the rates for crude oil in the international market were declining, the Narendra Modi government was increasing the cooking gas prices.
"The Delhi government is short on funds and despite that we are providing a lot of facilities to Delhiites. But the Centre has no shortage of funds and despite that it is imposing new things (hike in cylinder rates) on people, which is not right," he told reporters.
Chadha also raised doubts over banks charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals, beyond four free transactions in a month.
"We have been saying this from day one that demonetisation is a scam. The Modi government does not want people to withdraw their money from banks. It wants to use the money deposited in these banks to waive off the loans taken by a few business houses," he claimed.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Mar 02 2017 | 9:28 PM IST

Next Story