The Bharatiya Janata Party (BJP) leaders staged a protest on Friday over the Congress-led UPA Government's move to de-regulate the diesel price, and demanded a rollback.
The protestors in New Delhi raised slogans against the government, and accused it of being insensitive towards the people of the country.
"People are being looted in the name of economic policies. The cause of this inflation is the corrupt practices of the government. The people have to bear the brunt of all this. The move to deregulate diesel is in a way directly affecting the people," said Delhi BJP President Vijender Gupta.
Similar scenes were witnessed in Gujarat's Ahmedabad city where the BJP leaders burnt effigies to vent their ire over the government's move.
"We are demonstrating against the Central Government's decision to deregulate diesel. This will cause more inflation, because the permission to hike diesel by 40-50 paise every month will impact the common man. The new rate of 9.60 rupees has come into effect for railways and several other companies. This is impacting day-to-day commodities," said BJP leader Alok Sharma.
Talking to the media after the meeting on Cabinet Committee on Political Affairs in New Delhi yesterday, Union Petroleum and Natural Gas Minister Dr. M. Veerappa Moily said that there is no increase in the prices of Diesel and Kerosene.
Dr. Moily, however, said that the oil companies have been permitted to raise diesel prices by a small quantum periodically till such time that they are able to cover Rs 9.60 per litre loss they incur on the fuel.
Dr. Moily, who refused to provide details of diesel price increase, said the raise may take place as early as tonight.
The government also raised the cap on supply of subsidised LPG cylinders to nine bottles from six per year.
"I am happy to inform the Cabinet Committee on Political Affairs has decided to raise the cap on subsidised LPG to nine cylinders per household in a year from existing six cylinders," Dr. Moily said.
The consumers will get a quota of five subsidised cylinders between September 2012 and March 2013. They will be entitled to nine cylinders per annum from April 1, 2013. (ANI)