Resist and Defeat Petrol and Diesel Price Hike - CPI (ML)

02 May 2015
With the connivance of the pro-corporate Modi regime, corporate oil companies, after two rounds of successive nominal cuts, thereby hoodwinking people, have raised petrol prices by Rs. 3.96 per litre and diesel prices by Rs. 2.37 per litre with effect from May 1, 2015. Following the complete abolition of administered price mechanism in respect of petroleum prices by Modi regime, the interests of corporate oil companies including that of Reliance and Essar have been the guiding factor behind the determination of the market prices of petrol, diesel, cooking gas, etc. Fall in the exchange value of rupee vis-à-vis the dollar on the one hand, and increase in global crude oil prices on the other are mere lame excuses for corporate manipulation, as minor alterations in both are not at all a sufficient justification for one-shot hike in petrol and diesel prices of this magnitude.

With this one-shot increase, price of petrol in Delhi will be Rs. 63.16 a litre as against the current price of Rs. 59.20 while diesel will cost Rs. 49.57 a litre as against Rs. 47.20. The cascading effect of these hikes that further enriches the corporate class will be manifested in an across-the-board rise in the prices of all commodities including food and that of essential services resulting in a sudden fall in the purchasing power of workers, peasants, and all sections of the oppressed and toiling people who are already suffering from rampant price rise, unemployment/underemployment, de-peasantization, displacement and the like. It is a blatant attack on the people by the corporate- neoliberal state combine.

CPI (ML) Red Star appeals to the workers, peasants and all toiling people to build up consistent resistance against this heinous attack until the Modi regime is compelled to rollback this unjustifiable price hikes.

K N Ramachandran

General Secretary

CPI(ML) Red Star

New Delhi,

May 1, 2015
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The Communist movement in India has a history of almost a century after the salvos of October Revolution in Russia brought Marxism-Leninism to the people of India who were engaged in the national liberation struggle against the British colonialists. It is a complex and chequered history.