New Delhi, Jan 16 (Agencies): BJP on Sunday described spiraling prices in general as failure of the economist Prime Minister and the food and petrol price hike as a "Congress conspiracy" against common man, demanding action in both the areas.

"When the world is witnessing a stable price regime and food prices are actually going down in most parts, India is experiencing a turbulent price regime because of lack of cohesive policy on part of the UPA," BJP spokesperson Prakash Javadekar  said.

He said that the double dose of price hike in one month is "totally unjustified" and is nothing but "loot" of the common man by the government.

Attacking the government, he said that when people were reeling under general price hike of 10 per cent in WPI, the government should have taken remedial measures, but, instead it hiked petrol prices twice.

"In the name of de-control, it is actually the cartel of oil companies which is raising the prices under government protection", he alleged.

Mocking at the government for being in a state of "policy paralysis" and having "lack of political will and vision", Javadekar said, "Sharad Pawar says he is responsible for price rise of only five items. Rahul Gandhi held coalition politics responsible for price rise, DMK feels it is a natural calamity and the PM gives his usual promises of stabilising prices in next two months".

"The BJP demands a revoke on the petrol price hike. We want government to come out with a special action plan to tackle both these issues", he said.

Charging the government with "indulging in profit making", he said the tax earned from revenue from oil companies is nearly Rs 1,76,000 crore... which is the same amount of the 2G spectrum allocation scam. It makes profits but still burdens people".

Fuel Price Hike: TMC to hold protest rallies

Kolkata, Jan 16 (Agencies): Coming out against the Centre for hiking the price of petrol without consulting her, Trinamool Congress chief Mamata Banerjee on Sunday said her party workers would hold block-wise protests in West Bengal against the move.

"Maybe, we are part of an ally which is in power at the Centre. But we did not know (about the price hike)," she told newsmen here.

Banerjee said Trinamool Congress workers would hold protest rallies at every block in the state tomorrow against the price rise.

Stating that the common man was put in difficulty by rising prices, she said, "We are always with the people. That is why, I have not increased railway fares."

Earlier, Trinamool Congress MP Sudip Bandopadhyay said that although the Trinamool Congress chief had met Union Finance Minister Pranab Mukherjee at the airport here, the
decision on hiking the petrol prices were not communicated to her.

Leader of the Opposition in the Assembly Partha Chatterjee urged the Centre to roll back the prices and control the prices of essentials.