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CPI (M) condemns Centre for burdening common man with increasing global crude oil price

The Hindu Bureau· ·1 min read · 0 reactions · 0 comments · 5 views
#politics#oil prices#cpi m#economy#india
CPI (M) condemns Centre for burdening common man with increasing global crude oil price
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CPI (M) State secretary P. Shanmugam criticized the BJP-led central government for shifting the burden of rising crude oil prices onto common citizens. He alleged that while the government allowed corporate allies to profit from low international crude prices earlier, it is now passing on the increased costs to the public. The price of crude oil has risen from $70 to $126 due to the US-Israel war with Iran, according to Shanmugam.

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The Hindu — Top · The Hindu Bureau
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The BJP Government in the Centre which was favouring its corporate friends to make huge profit out of the low international price of crude oil, has now transferred the burden of higher crude oil price to the common man, complained CPI (M) State secretary, P. Shanmugam.Addressing the media here on Friday, Mr. Shanmugam said that the price of crude oil which was just 70 US dollars before February 28 has now gone up to 126 US dollars following the US-Israel war with Iran.

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