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Fuel hike due to unavoidable circumstances: Pannabaka

Posted by on June 26, 2011 0 Comment

Hyderabad: Defending the Centre’s decision to hike prices of petroleum products recently, Union Minister of State for Handlooms and Textiles Panabaka Lakshmi on Sunday said that the circumstances were unavoidable.

Talking to media persons after participating as chief guest in the second anniversary of All-India SC/ST Bank Employees Federation in the city, Ms Lakshmi stated the Union Government was forced to increase the prices of domestic gas cylinders, diesel and kerosene due to unavoidable conditions.

She defended Union Minister for Petroleum S Jaipal Reddy by saying that he had taken this ‘hard’ decision not to impose a burden on the common man but to save the oil companies, which are continuously accruing losses due to the drastic increase in crude oil prices in the international market.

Stating there was no imminent threat the Chief Minister N Kiran Kumar Reddy government in the state, Ms Lakshmi said the ruling Congress party has enough strength and no one has power to destabilise the government.

She rubbished the rumours that the YSR Congress Party president YS Jaganmohan Reddy would pose a threat to the state government through his protests and agitations.

Ms Lakshmi said, “I see no threat from Mr Jaganmohan Reddy to the state government.”

She further vowed to extend her total cooperation and dedication in solving the problems of the employees.(INN)

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