Leaders reaction to Petrol price hiked by about Rs 7.50 a litre

 Leaders reaction to Petrol price hiked Finance Minister Pranab Mukherjee, Prime Minsiter Manmohan Singh and Sonia Gandhi, Congress party president,released UPA report card on the government’s completion of three years in office, in New Delhi May 22, 2012. UPA II completed three year rule and the both house of parliament completed budget session on Tuesday.On Wednesday government announcement of the steepest ever hike, petrol price is increased on Wednesday by Rs 7.50 a litre with effect from midnight tonight.Mamata Chief of TMC is against this hike. West Bengal Chief Minister and chief of UPA ally Trinamool Congress, Mamata Banerjee, reacted sharply to government’s decision to hike petrol prices, terming it as ‘unacceptable.’Won’t topple govt on petrol price hike:
BJP spokesperson Parkash Javadekar said “We condemn the petrol price hike and seek its roll back. We will not allow it to happen. A strong democratic agitation is on the cards,”
BJP reacts to petrol hike: People’s reply in polls:
BJP says it will launch a nationwide protest and says the government has become a burden on the people. “People will reply in the next elections,” says Shahnawaz Hussain.UPA govt a burden for people.
CPI leader D Raja blasted the governments decision of hiking the fuel price hike of Rs 7.50
State-owned oil firms said they will raise petrol price by Rs 6.28 per litre excluding local sales tax or VAT. The hike translates into Rs 7.50 per litre in Delhi.Petrol in Delhi currently costs Rs 65.64 a litre and after the increase it will be priced at Rs 73.14 per litre.Petrol prices have been increased by seven rupees fifty paise a litre. It will be effective from midnight.

 Interbank Foreign Exchange (Forex) market, the domestic unit recorded Rupee steepest fall ever by dipping below the crucial levels of Rs 55 and Rs 56 per dollar within a span of two days, forex dealers said. After a lower start at 55.82,the rupee continued its downward journey by losing 74 paise at 56.13 at 1350 hrs is also a cause of concern.

 In Mumbai,the petrol now costs 70 rupees sixty six paisa but after midnight it will go up to 78 rupees sixteen paisa. On Tuesday, Petroleum Minister S Jaipal Reddy had said that there was an immediate need to raise fuel prices

UPA II government is losing popularity across the nation because of allegations of widespread corruption,delays in passing key legislation, deteriorating economy,reforms fruits of the policy is for the selective,the common man policies unveils on papers.Inflation’s surges at its apex with food,vegetable eatable cost rising unabated. Congress Party lost key regional elections recently.Opinion surveys conducted by Indian news agencies over the past few months have come to the conclusion that the UPA ruling coalition is losing ground to the opposition coalition, which is headed by the Bharatiya Janata Party.
BJP term hallmark of three years of UPA is inflation, corruption and indecision,” referring to the governing coalition. “They have ruined the growth story of the country and betrayed the common man.”