The hike in prices of fuels and food items at frequent interval clearly reflects that Dr. Manmohan Singh-led UPA government is loosing control fast on its functioning. It also appears that there is no mechanism with this UPA government to control the prices of essential commodities. Now, it has lost the moral authority to rule because of its failure to check price rise and rampant corruption, which has made the life of Aam Admi very difficult to survive.
The slogan of Aam Admi given by Congress is proving hollow and deceiving. It has committed fraud by telling the common people of the country that its hands are with Aam Admi. Congress Party’s hand symbol is turning out be to be a death trap.
It is correct to say that the prices of fuel are guided by the international market oil price, but it does not mean that the oil companies in India should be left free of any government regulations and control. Even if the oil prices are governed by oil market and the government has nothing to do with it, can it say how many times the oil prices have been brought down when they come down in international market? So, its explanation is irrelevant and attempts to make the poor people fool.
Petrol price was freed from the govt. control in June last year but the retail rates have not moved in line with cost as high inflation rate forced the oil companies to seek advice from parent oil ministry before revising rates.
This is the eleventh time in a year that Government oil companies have hiked petrol price by Rs 3.14-3.32 per litre after decline in rupee’s exchange value increased the cost of buying crude oil and widened losses from fuel sales.
Fuel is imported at high cost. It is understandable. What about the Milk price? India is regarded as the largest producer of milk and even then its price is being increased every two months. The same case is with green vegetables and all edible items. What is this? Prime Minister Dr. Manmohan Singh and Union Finance Minister Pranab Mukherjee owe explanation to the nation behind their excuse of rising prices.
It appears that the Manmohan Singh Government is both blind and deaf. It does not see either the problems being faced by the people because of life taking price rise on ground or hear the crying and groaning of common people.
The situation has come to such a passé that it has become very difficult for the poor people to fill their stomach with bread. The uncontrolled food inflation has caused immense trouble for the poor people.
Public outcry and disenchantment on the streets against the government, which has crossed all limits of sensitivity, are clearly visible. The cause of Govt.’s total failure in checking price-rise is its economic mismanagement. The situation of hopelessness has arisen out of the all-round rising inflation. Congress party will have to pay the cost of public anger in 2014 Lok Sabha elections if it failed to put a break on UPA government's economic mismanagement.