UPA Govt’s suicidal move

Any further hike in the prices of fuels by the UPA government would only take it near to its doomsday. Rumours are rife that the UPA government is going to further hike the fuel prices to lighten the burden on the oil companies. People are already facing backbreaking price rise. The price of all the essential commodities, including food has been going higher and higher for the last two months and the government so far has miserably failed to check it. If the UPA government dared to hike price of fuels, it will be opposed fiercely not only by the opposition parties but the people also. The poor are already under immense pressure because unbridled price rise. UPA must know that GDP growth can not fill the stomach of the hungry people. Because of rising food inflation, more than half of the population is unable to manage both ends meet. Any hike in petroleum products will have cascading effect on all commodities. In the name of bring back economy on the track, UPA government must not allow the oil companies to raise prices of fuels. Though the price of fuels is decided by international market and on the basis of that oil companies put pressure on the government to allow them to increase price, the ultimate power lies with the Government. The main business of the government should be to keep the price of all essential commodities within limits so that the poorest of the poor could afford to buy them and live on minimum subsistence. If the government is really concerned about the worsening economy of the nation, it must provide clean administration. It is because of rampant corruption at levels of government departments and surfacing of a galore of scandals prices of all commodities are going up and up. The price of petroleum products is hiked at frequent intervals to minimize the loss of oil companies by transferring the burden on the poor people. Nation is unable to understand with what logic the UPA government is running. Though the Govt. has ruled out hike in price of fuels in immediate future, it has expressed concern over the plight of oil companies. It amply reflects that Govt. is more interested in protecting their interest than relieving the poor people of price rise. Govt. may take some difficult, painful decisions as oil companies are facing severe constraints owing to under recoveries. Govt. says that oil companies are selling fuel at highly subsidised rates and losing 550 crore rupees everyday on under recoveries as a result of higher crude oil prices. Govt. always speaks as spokesperson of oil companies and it is bent on sucking the blood of people.