UPA dead, economy on red alert: Mamata

"Economy on red alert. UPA is dead", West Bengal Chief Minister Mamata Banerjee said in her Facebook posting expressing concern over the economic situation in the country and criticised the Centrea for a fresh hike in price of petrol and diesel.

"Yet again hike in petrol and diesel prices. Economy on Red (Alert). People are unfed. UPA is dead," Banerjee wrote on Facebook.

Petrol price was hiked by a steep Rs 2.35 per litre, the sixth increase in three months, and diesel by 50 paise per litre from midnight tonight.