Govt profiteering off people's misery: Sonia Gandhi to PM on fuel prices

Congress chief Sonia Gandhi

Writing to Prime Minister Narendra Modi over "spiralling" fuel and gas prices, Congress chief Sonia Gandhi on Sunday accused the government of "profiteering" off "people's misery" and demanded a rollback of the increase in prices.

In a letter to Modi, she said the truth is that as GDP "nosedives", the prices of gas, diesel and petrol continue to rise unchecked.

"I write to you to convey every citizen's anguish and deep distress regarding the spiralling fuel and gas prices. On one hand, India is witnessing systematic erosion of jobs, wages and household income. The middle class and those at the margins of our society are struggling. These challenges have been compounded by runaway inflation and an unprecedented rise in price of almost all household items and essential commodities," the Congress chief said.

"Sadly, in these distressing times, the government has chosen to profiteer off people's misery and suffering," Gandhi said.

Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while diesel rate crossed Rs 88-mark. This was the 12th straight day of price hike and the largest daily increase since oil companies started to revise rates on a daily basis in 2017.

The increase pushed the petrol price to Rs 90.58 a litre in Delhi and to Rs 97 in Mumbai.

Stressing that fuel prices are at an "historic and unsustainable" high, Gandhi said petrol has breached the Rs 100 per litre mark in many parts of the country and the surging price of diesel has added to the escalating woes of millions of farmers.

"What baffles most citizens, is that these prices have been increased despite moderate prices of international crude oil. To put it in context, the crude oil price is nearly half of what it was during the UPA government's tenure. Therefore, your government's act of raising prices (continuously for 12 days till February 20th) is little less than a brazen act of profiteering," she said.

What is equally distressing is that despite being in power for almost seven years now, the government continues to blame previous regimes for its own economic mismanagement, she said in her letter to Modi.

To set the record straight, domestic crude oil production has fallen to an 18-year low in 2020, Gandhi said.

Governments are elected to ease the burden of people and at the very least, not work directly contrary to their interests, the Congress chief said.

"I urge you to roll back these increases and pass on the benefit to our middle and salaried class, our farmers and poor and our fellow citizens. It is they who are battling an unprecedented economic slowdown, widespread unemployment, wage reductions and job losses, high prices and erosion of income," she said.

"I hope you will agree that it is time for your government to focus on solutions instead of looking for excuses. India deserves better," Gandhi said.

Union Finance Minister Nirmala Sitharaman on Saturday had said the Centre and state governments will have to together to work out a mechanism to bring retail rates of petrol and diesel to reasonable levels.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel