By TCN News,
New Delhi: The Welfare Party of India has expressed its “disappointment and anguish” over, what it calls, “the central government’s unfair decision to decontrol the price of diesel and to give monopoly for periodic rate-fixing to the oil marketing companies.”
WPI General Secretary Dr SQR Ilyas, issued a statement declaring that the decision will further boost inflation, raise prices of essential commodities and aggravate day-to-day survival worries of the people, especially the marginalized and lower income groups.
Instead of transferring the burden of the so-called “fiscal deficit” of oil companies to the people, government should take steps for an effective economic management, especially to lower direct government taxes and levies which account for over 60 percent of the price paid by the consumer, WPI statement added.