Vijay opposes hike in fuel prices; seeks immediate rollback
Tamil Nadu Chief Minister C. Joseph Vijay has opposed the recent hike in fuel prices and called for an immediate rollback. He argues that the increase will negatively impact the purchasing power of the poor and middle class, particularly affecting those who rely on two-wheelers and mini buses. Vijay also highlighted the potential rise in vehicle rentals and manufacturing costs, which could lead to inflation and market stagnation.
- ▪C. Joseph Vijay opposes the fuel price hike and demands an immediate rollback.
- ▪He claims the increase will severely affect the buying capacity of the poor and downtrodden.
- ▪Vijay warns that rising fuel prices will lead to increased vehicle rentals and inflation.
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Tamil Nadu Chief Minister C. Joseph Vijay on Friday opposed the fuel price hike and urged the Union government to roll back the hike immediately.In a statement, Mr. Vijay said that it was unacceptable, contending that it would severely affect the buying capacity of the poor and the downtrodden. He pointed that the oil marketing companies do not decrease the prices of fuel when the crude oil prices fall and instead realised the profits. The hike in fuel prices especially after the Assembly election in some States and Union territory was unacceptable.“The monthly income of the poor, the downtrodden and the middle class, who use two-wheelers and mini buses would be affected,” Mr. Vijay said.
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