Following the criticism of the BJP-led government on controlling petrol prices for 19 days before Karnataka elections, Indian Oil Corporation Ltd (IOCL), the oil marketing company, has clarified that there was no push from the government and prices were frozen to give some respite to the common man. Also Read - Offensive Tokyo Olympics Parody Logo Pulled From Website After Controversy
IOCL Chairman, Sanjiv Singh, said to ANI, “There is no directive from the government to control fuel price. Spikes (in prices) were happening earlier and we decided to hold the prices for 19 days.” Also Read - IOC Asks International Federations to Finalise Dates of Tokyo Games Qualifiers
When asked a question on whether IOCL violated directive of day to day revision of prices of petroleum products during Karnataka election, Singh said, the government has given us the freedom to revise prices on day to day basis, we took a call. Also Read - Virus Expert Warns Tokyo Olympics Will Unlikely be Held in 2021
The clarification has come amid the demand by opposition to cut excise duty cut to give partial relief to consumers.
Petrol price on Tuesday, May 22, touched a new all-time high touching the level of Rs 84.70 per litre in Mumbai. Diesel prices, too, increased and were at Rs 72.48 per litre in Mumbai.
In Delhi, the price of petrol was at Rs 76.87 per litre while the cost of diesel was Rs 68.08 per litre. In Chennai, the price of petrol was Rs 79.79 per litre while diesel was available at Rs 71.87 per litre. In Kolkata, petrol price went up to Rs 79.53 while diesel cost increased to Rs 70.63 per litre today.
The government has meanwhile hinted towards the cut in excise duty but no action has been taken so far. Petroleum minister Dharmendra Pradhan, said, “The Centre is sensitive towards the rising fuel prices. Various alternatives are being explored. I hope something will work out soon.”
Separately, Civil Aviation Secretary is likely to meet the Revenue Secretary today on the issue of bringing jet fuel under Goods & Service Tax (GST) regime. The aim is to bring all the petroleum products under GST.