Finance

Members slam high oil prices during Lok Sabha debate on finance bill

Members slam high oil prices during Lok Sabha debate on finance bill

NEW DELHI: Opposition members on Friday called on Lok Sabha to rein in rising fuel prices and accused the government of putting the people on hard times soon after the election was over. Kicking off the discussion on the finance bill in the Lok Sabha, Congressman Gaurav Gogoi said the government had kept petrol, diesel and cooking gas prices stable for a month and raised them for three times after the elections.
“Fuel prices have risen for the third time and jingoism is the only antidote this government offers to the poor. Whether there is record unemployment, high inequality or inflation, people are expected to place all their trust in the Supreme Leader,” he said. noted.
Trinamool member Satabdi Roy said the country’s poor were not concerned about the finance bill, but wanted to know when petrol, diesel and cooking gas prices would come down.
NCP leader Supriya Sule said the BJP had risen to power on the slogan against inflation and it was time to remind the ruling party of its campaign against corruption.
“Even my mother used to tell me at the time that the prices of commodities were too high and it could negatively affect the government of that time. After many years, she keeps telling me that inflation is increasing,” said Sulei.
BJP member Nishikant Dubey denounced the previous UPA government for issuing oil bonds to mitigate the impact of high international crude prices.
“These oil bonds carried an interest rate ranging from 6.35% to 8.4%. The government had to pay Rs 40,000 crore as interest on these oil bonds,” Dubey said, adding that all big businessmen with a net worth of Rs 5,000 crore and above have benefited.
He claimed the rise in oil prices was due to the conflict in Ukraine and questioned whether the government should resort to similar tactics of issuing oil bonds.
“Our Prime Minister wants to tell people that there is a crisis at hand and that oil prices are going to rise. The situation is such that there will be inflation, there will be an increase in the price of gasoline and LPG. There is a difference between the politics of the ballot banks and the politics of the nation,” Dubey said.
He said the government was working to reduce oil import dependency by encouraging 20% ​​ethanol blending and electric mobility.
Dubey also said that the idea that center policies were responsible for the high prices of petroleum products should be removed, as several opposition-led states levied high VATs on fuel.
TDP member Jaydev Galla sought clarification from the finance minister on the Russian offer to supply India with crude and explore the possibility of exporting Indian wheat, mustard and cotton.
He also wanted the government to amend the Andhra Pradesh Reorganization Act to insert a clause declaring Amravathi as the sole state capital.
He urged the finance minister to approve the revised cost of the Polavaram irrigation project.
DMK member K Sundaram said the finance minister had conveniently ignored the aspirations and problems faced by the taxpayer.
“How do you expect people to spend when they have no income,” he said.