P Chidambaram slams 'anti-consumer' Centre over record-high fuel prices, asks govt to bring them under GST

Former finance minister P Chidambaram on Sunday termed the Modi government 'anti-consumer' over record-high fuel prices and asked the government to bring them under the ambit of GST to provide relief to consumers.

PTI January 21, 2018 20:15:00 IST
P Chidambaram slams 'anti-consumer' Centre over record-high fuel prices, asks govt to bring them under GST

New Delhi: Former finance minister P Chidambaram on Sunday termed the Modi government "anti-consumer" over record-high fuel prices and asked the government to bring them under the ambit of GST to provide relief to consumers.

P Chidambaram slams anticonsumer Centre over recordhigh fuel prices asks govt to bring them under GST

File image of Congress leader P Chidambaram. AFP

In a series of tweets, the Congress leader also criticised the Centre over ONGC's acquisition of the government's stake in HPCL, saying it will have an impact on the fiscal deficit.

"Petrol and diesel prices have hit the roof. Govt continues to squeeze the consumers. Absolutely anti-consumer," the former finance minister tweeted.

Chidambaram accused the government of squandering the windfall gains, reaped through "massive taxation" on petrol and diesel, in "wasteful expenditure".

He wondered why the BJP was not providing relief to consumers by bringing these two petroleum products under GST.

Diesel prices have touched a record high of Rs 61.74 per litre and petrol prices have crossed Rs 71.18 per litre in Delhi as international oil rates continue to rally.

Expressing concern of overshooting the fiscal-deficit target, Chidambaram said: "Govt cuts borrowing by Rs 30,000 crore, but ONGC will borrow Rs 30,000 crore to pay govt for HPCL shares. It has the same effect."

State-owned Oil and Natural Gas Corporation on Saturday announced the acquisition of government's entire 51.11 percent stake in oil refiner HPCL for Rs 36,915 crore, paying a premium of over 10 percent.

Analysts and the market will add Rs 30,000 crore to the fiscal deficit, he added in another tweet.

Updated Date:

also read

Himachal Pradesh Congress working president Harsh Mahajan joins BJP
Politics

Himachal Pradesh Congress working president Harsh Mahajan joins BJP

Harsh Mahajan joined the BJP in the presence of Union minister Piyush Goyal and lauded Prime Minister Narendra Modi's leadership

PayCM: Congress online campaign targets Karnataka CM Basavaraj Bommai
Politics

PayCM: Congress online campaign targets Karnataka CM Basavaraj Bommai

Besides running the PayCM campaign against the Bharatiya Janata Party, Congress in Karnataka has been targetting BJP ministers who have allegedly been part of scams

Congress demands explanation as to why BJP government failed to address unemployment and debt crisis
Politics

Congress demands explanation as to why BJP government failed to address unemployment and debt crisis

Ahead of his youth rally in Himachal Pradesh, Congress on Friday attacked Prime Minister Narendra Modi saying he must answer why the BJP-led government failed to address issues of unemployment and the debt the state's burdened with.