Rs.2 cut in petrol price unacceptable: CPI-M

IANS – Sat 2 Jun, 2012 7:28 PM IST

New Delhi, June 2 (IANS) The CPI-M Saturday demanded the full rollback of the petrol price hike, saying the cut of Rs.2 a litre announced by oil companies was unacceptable.

"After increasing the price of petrol by Rs.7.54 per litre including taxes, the oil companies have now announced a token cut of Rs.2 per litre. This is unacceptable because the increase in the price of petrol is still Rs.5.54 per litre," it said in a statement.

The Communist Party of India-Marxist demanded "a rollback of the entire price increase".

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