Former finance minister and senior Congress leader on Sunday slammed the central government over the increasing prices of Petrol and Diesel.
In a series of tweets, the Chidambaram stated that BJP government is anti-consumer. The leader while citing the ONGC’s step-top buy 51.1 per cent stake in HPCL said that it will not help in countering fiscal deficit.
The leader 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.”
He added that Petrol and Diesel’s prices have hit the roof and the Government continues to squeeze the consumers which are absolutely anti-consumer. “Government has reaped a windfall through massive taxation of Petrol and Diesel. And the money was squandered on wasteful expenditure” he added.
He also questioned that why BJP is not bringing Petrol and Diesel under GST and give relief to consumers?