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DMK's protest against petrol price hike

 
May 30, 2012
12:10 (IST)
00:00 "The  DMK will not hesitate to walk out of  the UPA to protest anti-people policies," said Mr Karunanidhi.
May 30, 2012
12:09 (IST)
00:00 The chief of the DMK, M Karunanidhi, has warned the UPA to reverse the price hike in petrol announced last week.  "Don't push us further," warned Mr Karunanidhi.
May 30, 2012
12:09 (IST)
00:00 The DMK is holding petrol protests across the state, a day after the AIADMK, the ruling party, staged demonstrations to protest the "unprecedented" hike in petrol price and sought its immediate rollback.
May 30, 2012
12:09 (IST)
00:00 Today's protests by the DMK is the second such by a UPA ally after the Trinamool Congress, led by West Bengal Chief Minister Mamata Banerjee, took to the streets of Kolkata on Saturday in protest against the rise in petrol prices that were effected last Wednesday midnight. The allies, both big partners of the Congress-led coalition at the Centre, have been demanding a rollback ever since the hike was announced.
May 30, 2012
12:02 (IST)
00:00 "The  DMK will not hesitate to walk out of  the UPA to protest anti-people policies," said Mr Karunanidhi.
May 30, 2012
11:54 (IST)
00:00 The chief of the DMK, M Karunanidhi, has warned the UPA to reverse the price hike in petrol announced last week.  "Don't push us further," warned Mr Karunanidhi.
 

May 30, 2012
11:51 (IST)
00:00 Fuel scarcity eases in Chennai
Chennai has seen some chaotic moments this week as petrol pumps in the city ran dry. Chief Minister Ms Jayalalithaa has announced that three ships carrying 67,000 kilolitres of petrol and diesel have arrived in Chennai; 2000 kilolitres of diesel have come in by road from Bangalore. The scramble at petrol pumps has eased. Read more...


May 26, 2012
20:41 (IST)
00:00 Mamata's takes fuel fury to the streets. More details here
May 26, 2012
18:48 (IST)
00:00 Covering a distance of five kilometres, Ms Banerjee and the protesters have reached Hazra from Jadavpur.
May 26, 2012
18:01 (IST)
00:00 Mamata Banerjee seen marching down the streets of Kolkata with thousands of supporters



May 26, 2012
17:59 (IST)
00:00 Watch: Mamata takes her protest against petrol price hike to the streets of Kolkata
 
May 26, 2012
17:27 (IST)
00:00 As a mark of her protest against the steep rise in petrol prices, Trinamool Congress Chief and West Bengal Chief Minister Mamata Banerjee has begun her march from Jadavpur to Hazra in Kolkata.
May 26, 2012
16:17 (IST)
00:00 'Why doesn't Mamata follow Goa model on petrol?' asks Congress MP
Reacting to Ms Banerjee's call for a protest march against the petrol price hike, an angry Congress MP from Bengal, Adhir Chowdhary, dared her to quit the coalition.
May 26, 2012
08:03 (IST)
00:00 UPA ally Mamata Banerjee will be on the roads of Kolkata this evening in protest against the petrol price hike announced on Wednesday.

The West Bengal Chief Minister will march from Jadavpur to Hazra in south Kolkata.
May 25, 2012
18:17 (IST)
00:00 No time good for increasing prices, but no instant solutions: Jaipal Reddy
Two days after the massive petrol price hike, Union Oil Minister Jaipal Reddy explains the government's decision.
May 25, 2012
18:14 (IST)
00:00 We cannot run the country based on popular sentiments, says Jaipal Reddy.
May 25, 2012
18:05 (IST)
00:00 Jaipal Reddy on Petrol Price Hike
The logic of increasing price diesel, LPG and kerosene is unassailable, but politics will not allow it. The Congress party , to which I belong is a political party. Like all political parties, who wants to advocate unpopular causes, even if they are worthy ones.

May 25, 2012
18:00 (IST)
00:00 Highlights: Oil Minister Jaipal Reddy on petrol price hike
No time is a good time for increase in prices. The oil companies felt the increase  was necessary, there was no alternative.
May 25, 2012
17:49 (IST)
00:00
  • Govt of India and State Governments should together agree on some formula - these are all long term measures
  • I have been speaking to the Finance Minister; we have both decided to consult the Chief Ministers too
  • All parties in the country need to work together; easy to use rhetoric...
May 25, 2012
17:46 (IST)
00:00 Oil Minister Jaipal Reddy on petrol price hike
  • Oil scenario in India faces a double disaster - devaluation  of the rupee and rise in crude prices
  • On is aware of the problems for Indian consumer by these 2 massive global developments
  • Need for people to appreciate that this situation is not in our control
May 25, 2012
17:36 (IST)
00:00 Government ally DMK to hold protest in Tamil Nadu
A day after the expression of public anger over the steepest petrol price hike in a decade, the DMK, an ally of the UPA at the Centre, has announced "peaceful protest" in front of collector's offices across Tamil Nadu on May 30.
May 25, 2012
17:33 (IST)
00:00 Anti-petrol hike protest: Samajwadi Party announces UP bandh on 31st May
May 25, 2012
15:45 (IST)
00:00 Petrol prike hike: Mamata to march on Kolkata's streets in protest
In what is likely to be a quaint sight, the West Bengal Chief Minister will march from Jadavpur to Hazra in south Kolkata. Her close aid and Union Railway Minister Mukul Roy did his bit yesterday, participating in a Trinamool Congress protest in the city.
May 25, 2012
15:44 (IST)
00:00 Congress core group to meet today to discuss petrol price hike
A core group of Congress leaders will meet this evening to discuss the steep petrol price hike of Rs 6.28 plus taxes effected on Wednesday and that has people and political parties enraged. Right now the Prime Minister is meeting Oil Minister Jaipal Reddy and officials from key economic ministries.
May 25, 2012
15:40 (IST)
00:00 Petrol price hike: Government ally DMK to hold protest in Tamil Nadu
A day after the expression of public anger over the steepest petrol price hike in a decade, the DMK, an ally of the UPA at the Centre, has announced "peaceful protest" in front of collector's offices across Tamil Nadu on May 30.
May 24, 2012
18:33 (IST)
00:00 Oil firms hint at a cut in petrol prices next month
State-owned oil companies today indicated that rates may be cut at the next revision cycle due early next month on account of softening in global oil prices.

May 24, 2012
17:18 (IST)
00:00
May 24, 2012
17:11 (IST)
00:00 Highlights of the IOC presser;

We had exhausted all our options
Hike wasn't an easy decision
Upto May 23, we had already lost Rs 1056 crore and the industry had lost approximately Rs 2400 crore in 50 odd days this year.
Everyday we were losing Rs 47-50 crore on petrol alone. It is a free product for which oil companies have to decide prices. We are not entitled to any support from consolidated funds of India. Choices were very narrow.
We realise the hike is a big burden; gives us no pleasure to burden our consumers
In Nov-Dec last year, when prices came down we passed on the benefit to the consumer. We are committed to doing that in future.
Increased oil prices do not benefit us. It is in our interest too that the prices cool down. Read more...

May 24, 2012
17:00 (IST)
00:00 After widespread protests and political demands for a withdrawal of the huge petrol price hike of Rs. 6.28 plus local taxes effected last night, there is now talk that the government might consider a partial rollback.
May 24, 2012
17:00 (IST)
00:00 Sources said opposition parties and allies apart, even leaders of the Congress have said they did not know about the price rise.
 

May 24, 2012
16:49 (IST)
00:00 Manish Tiwari addresses media on petrol price hike;

Responsibility for fixing price lies with oil marketing companies.
There is volatility in international market, pressure on rupee.
Notwithstanding all these concerns, we are extremely sensitive as a political party to the burden it puts on common man whom we essentially represent.
Within parameters of any volatile economic situation, we would hope that govt would try and find a way whereby burden could be mitigated to some extent.
Some state governments have already taken lead to rationalize state taxes. Hope others will also step up. Within confines of a difficult and volatile economic situation, hope govt will find a way to give relief to common man.

May 24, 2012
15:56 (IST)
00:00 Kerala state govt rolls back 1.63% VAT on petrol
May 24, 2012
14:38 (IST)
00:00

UPDATE: Partial rollback on the cards. Sources tell NDTV rollback of Rs 2 likely in petrol price hike announced.

May 24, 2012
12:20 (IST)
00:00 Petrol price hike: Opposition fumes, allies demand rollback
At midnight on Wednesday petrol prices went up by a huge Rs 6.28 plus local taxes - the biggest hike in 10 years. The Opposition is threatening to launch a big agitation and the government's own allies and friends are bringing pressure on it to roll back the hike amid fears that LPG and diesel prices will go up next. Will the government effect a partial rollback?
May 24, 2012
12:19 (IST)
00:00 The Congress government in Uttarakhand, meanwhile, announced that it was removing 25% VAT on petrol.
May 24, 2012
12:18 (IST)
00:00 Angry people slammed the move, Opposition threatened to launch big agitation
The single largest hike in petrol prices - of Rs. 6.28 per litre, exclusive of taxes - has led to a nationwide outrage with the common man and the government's allies fuming alike over the issue. The new prices came into effect from midnight.
May 23, 2012
23:58 (IST)
00:00 Petrol hike, political storm: Who said what
Pranab Mukherjee, Finance Minister: "The decision has been taken. Petrol is a deregulated commodity."Mamata Banerjee, Chief Minister of West Bengal and chief of Trinamool Congress: "It is unjust and unilateral. It was done without our knowledge...Parliament was in session till yesterday. Why was this not brought up and discussed in Parliament?"
May 23, 2012
21:01 (IST)
00:00 Jayalalithaa condemns petrol price hike, demands rollback
Strongly condemning the steep hike in petrol price, Tamil Nadu Chief Minister J Jayalalithaa today demanded its immediate rollback, warning that otherwise people's agony would spell the doom for the 'anti-people' UPA government soon.
May 23, 2012
20:42 (IST)
00:00 Narendra Modi Tweets

Massive hike in #petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Guj.

This decision to hike #petrol prices taken a day after the ending of Parliament session is a stinging rebuke to the dignity of Parliament.

May 23, 2012
20:10 (IST)
00:00 It's a beautiful gift by the UPA on completing 3 years: BJP on petrol price hike
The BJP's Ravi Shankar Prasad has demanded a rollback, accusing the Congress-led UPA government of burdening the common man through its "mismanagement of the economy".
May 23, 2012
19:56 (IST)
00:00 DMK says government should reconsider the hike and reduce it. "It is unfortunate, it will affect the salaried class, the common man," said the party's TR Baalu.

DMK chief M Karunanidhi says his MPs would talk to the Prime Minister to reconsider the decision.
May 23, 2012
19:54 (IST)
00:00 "Decision taken, petrol a deregulated commodity," says Finance Minister Pranab Mukherjee
May 23, 2012
19:52 (IST)
00:00 Steepest ever petrol price hike: Comment here
Could the government have avoided it?
May 23, 2012
19:35 (IST)
00:00 Petrol prices go up by Rs 6.28 plus taxes, Mamata says she was not consulted
Petrol will cost Rs 7.50 more per litre in Delhi starting at midnight. This is the steepest petrol price hike ever, according to the Press Trust of India. Nobody asked us, said Mamata Banerjee, a senior partner in the UPA coalition at the centre. This is due to mismanagement, she added.
May 23, 2012
19:35 (IST)
00:00 Petrol prices over the years
Here is how petrol prices have fared in the metro cities over the last 1 year.
May 23, 2012
18:56 (IST)
00:00

The BJP's Shahnawaz Hussain said the Congress would be taught a lesson in the elections and warned UPA allies that they would face collateral damage for being seen supporting the Congress. He accused the UPA of celebrating three years in power yesterday when the economy was reeling. "The government had taken this step emboldened by the presence of new allies," he said, alluding to leaders like Mulayam Singh Yadav of the Samajwadi Party and Lalu Yadav of the RJD sharing stage with the UPA.     

May 23, 2012
18:53 (IST)
00:00 India  deregulated petrol prices in June 2010 but continues to subsidise kerosene, petrol  and cooking gas to protect the poor from the impact of any inflation pressures

In the second half of 2011, oil companies began reflecting market realit ies more closely and raised  petro prices but were   stopped from end-November on the request of the government - their majority shareholder - ahead of elections in some states. Petrol prices were last revised on December 1.

May 23, 2012
18:48 (IST)
00:00 This rise comes  even as Oil Minister Jaipal Reddy is visiting Turkmenistan.
May 23, 2012
18:46 (IST)
00:00

Petrol in Delhi currently costs Rs 65.64 a litre and after the increase it will be priced at Rs 73.14 per litre.

May 23, 2012
18:44 (IST)
00:00 "This is  a striking blow UPA has given on completion of its third year in office...this is due entirely to mismanagement, " said the BJP's Nirmala Sitharaman.
May 23, 2012
18:44 (IST)
00:00 State-run oil companies have been losing Rs. 8000 crores per year because they were being forced to sell petrol at subsidized rates
May 23, 2012
18:31 (IST)
00:00 Petrol prices to go up by Rs 7.50 per litre

In a statement released Wednesday evening, the state-run Indian Oil Corporation said it was hiking petrol prices by Rs6.28 a litre, exclusive of sales/value-added taxes. Sales and VAT taxes differ from state to state, and range between 94 paise and Rs 2.07 a litre.

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