She urged the intervention of Prime Minister Narendra Modi in withdrawing the hike.
Jayalalithaa said people had voted out Congress coalition government for its 'anti-people activities and wrong economic policies' and handed a grand victory to BJP with the hopes that it will usher in new economic policies.
"At a time when people were expecting the new government to change the economic policies adopted by the Congress-led coalition government, the hike in petrol and diesel prices by Rs 1.69 per litre and 50 paise per litre is disappointing," she said in a statement.
On oil marketing companies' reasoning that the revision was spurred by the unrest in Middle-East, she said this was "temporary" and even the value of Indian rupee had declined due to this.
"Considering these temporary factors, the Centre must rollback the hike," she urged.
Holding that diesel price was revised in line with the UPA government's decision to increase it every month, she said the hike in prices of these two fuels would affect the common people.
She also reiterated her demand for implementing a new price fixation policy for fuel, one she had suggested to the UPA regime, of determining the rates based on import costs and refining charges and rates of domestic crude oil and the refining charges for the same.

BJP can only make tall promises of ‘Achhe Din’: Nitish

Senior JD(U) leader and former Bihar Chief Minister Nitish Kumar said he was not surprised at rise in prices of petrol and diesel besides, soaring rates of food items under Narendra Modi government which could not deliver on tall promises made so far.
"I am not surprised. The rise in petrol and diesel prices along with soaring food prices have come as surprise to those who harboured expectations from the new government which had made tall promises of 'Achhe din' (good days) on election eve," Kumar told reporters emerging from the Legislative Council.
Asked if the pet slogan of Narendra Modi "Achhe din" (good days) have come true or was it like "India Shinning" of previous NDA government, Kumar with a caustic smile said opposition was giving some more time to the new government before taking the government to task for its failures.
Kumar, who had served as Railway minister in the NDA rule of Atal Bihari Vajpayee, had earlier taken on the new government over rise of Railway passenger fare by 14.2 percent as well that in freight by 6.7 percent and said the results did not correspond with Modi government's promise of "Achhe din" (good days).
Senior RJD leader and former Chief Minister Rabri Devi was also critical of the government for raising prices of petrol and diesel and said now 'Achhe din' (good days) are coming under Prime Minister Narendra Modi.
Take back right to determine fuel prices from OMCs: Vaiko

MDMK chief Vaiko opposed the fuel price hike and demanded that the government should take back from the OMCs the right to determine fuel prices.
The BJP ally, MDMK, said that Congress-led UPA was shown the door by the people in elections because of its "shirking of responsibility" by allowing oil marketing companies to determine fuel rates.

Another ally of the BJP, PMK founder S Ramadoss said that the Prime Minister should meet the expectations of the people that prices will go down if he took over and "it is the duty of the new government to do that."

"People are carrying a heavy burden following increase in railway fare, price of sugar and the earlier revision in diesel price. In these circumstances, this hike will further impact the ordinary people," he said in a statement.

Both Ramadoss and Vaiko demanded that the revision of Rs 1.69 for petrol and 50 paise for diesel for a litre be withdrawn.

UP CM refuses to comment on diesel, petrol price hike

Uttar Pradesh Chief Minister Akhilesh Yadav refused to comment on the effect of hike in prices of petrol and diesel and said the media should to tell what type of days have come.

"I don't want to comment at this time, I want to know from you (media) that whether 'Achche Din' has come or not," Yadav said in an apparent dig at the NDA government while replying a question regarding hike in prices of diesel and petrol during inauguration of 'Van Mahotsava'.

"Some journalists were roughed up yesterday itself, you tell me what type of days have come," he said, while indirectly referring to violence during BJP Yuva Morcha's protest on Monday.

Meanwhile, the youth wing of Samajwadi Party on Tuesday held a protest against the fuel price hike by burying their vehicles in the sand and condemning the NDA government.

Paswan defends government’s move

Reacting over the criticism, Union Food Minister Ram Vilas Paswan said that the hike in fuel prices was necessary as the situation created after the Iraq crisis was beyond their control.

Echoing similar sentiments, BJP leader Rajiv Pratap Rudy said that the Iraq crisis was responsible for the situation.

Fuel price hike

Petrol price was hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets.     

The hike, effective from Monday midnight, excludes local sales tax or VAT and the actual increase will be higher, varying from city to city.
Petrol in Delhi will cost Rs 73.58 per litre, up Rs 2.02 from Rs 71.56 at present. Diesel rates will go up by 56 paise to Rs 57.84 per litre.
Diesel rates were hiked in continuation with the previous UPA government's January 2013 policy of raising prices in small doses every month to eliminate subsidy.

Besides diesel, the state oil firms lose Rs 33.07 a litre on kerosene sold through the public distribution system (PDS) and Rs 449 per 14.2-kg domestic subsidised LPG (cooking gas) cylinder.


Latest News from India News Desk