CPI(M) flays price hike

By Our Special Correspondent

NEW DELHI, NOV. 10. The hike in the prices of petroleum, diesel and LPG has come in for severe criticism from the CPI(M).

The politburo said in a statement it was ``unfair and unwarranted'' to pass on the burden of the third revision of dealers' commission to the consumers.

The revision should have been met from the oil pool account, as the international price of oil had not shot up as anticipated after the September 11 incident.

``Such administrative hikes are unwarranted when Parliament is slated to meet in less than two weeks,'' it said.

The hike in prices would have a cascading effect on the overall price levels.

``The hikes have come at a when the living conditions of the people are sharply deteriorating due to the overall impact of the economic policies,'' the statement said.

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Section  : National
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