Fuel prices skyrocketing because of wrong policy: Rayaraddi

‘Centre’s decision to take over District Mineral Fund and mining royalty is good’

The former Minister and Congress leader Basavaraj Rayaraddi has said that by adopting an unscientific taxation policy, the Union government was making people’s life miserable which had forced citizens to condemn the Centre, particularly for its failure to check prices of fuel and essential commodities. Addressing a press conference in Dharwad on Monday, Mr. Rayaraddi said that the fuel prices were skyrocketing mainly because of the Centre’s wrong policy. “Before 2014, when crude oil prices hovered around 140 dollars per barrel, petrol was sold at ₹70 per litre in the country. However, when the crude oil prices slipped by 20 dollars, despite having an opportunity to lessen the burden on the commoners, the Prime Minister did not do anything. Now, the price of domestic LPG cylinder has gone up to ₹900. And, what is worse is that gas subsidy has also been stopped,” he said.