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MLC demands Janardhan Reddy committee recommendations on petroleum import

Posted by on June 28, 2011 0 Comment

Hyderabad: Member of Legislative Council, Dr K. Nageswar has demanded that the Central government changed the Petroleum Import Parity Price and implemented the recommendations of N. Janardhan Reddy, Parliamentary Standing Committee -2002 on Petroleum product price.

He was speaking at Round Table conference on ‘Alternatives to prevent of Petroleum products price’ organized by Jana Chaityana Vedika and APSA here on Tuesday.

The MLC has alleged that the Central government was increasing petroleum products price to favour of increasing profits of the private oil companies. He has challenged the Union Petroleum Minister Mr. S. Jaipal Reddy to participate in a public debate on petroleum price rise at Hyderabad.

Dr Nageswar said that the State government had imposed VAT on aviation fuel at 16 percent, on APSRTC at 24 percent and on common people at 33 percent. He has demanded the State government to decrease VAT on par with aviation fuel in the State. He has also demanded the State government to impose special tax on fuel, used by cars costing above Rs. 15 lakh and use that money for the APSRTC. He wanted the State government to amend special VAT to decrease petroleum products rates.

The 20 Point Formula Scheme, Chairman, Dr N. Tulasi Reddy said that the Central government had increased petroleum prices in un-avoidable circumstances. He has claimed that the UPA government had not increased petroleum products prices as much as the previous NDA government. Depending on international crud oil rates, he said that the Central government increases the local prices as they India imports 80 percent of petroleum products from other countries. He said that the State government would take a decision on cooking gas subsidy soon.

He urged that the Central and State governments to encourage research in alternative fuels. He said that the government would increase public transport system in the state.

The Communist Party of India senior leader Mr. T. Laxminarayana has demanded the Central government to declare details of assets of government oil companies since last five years. Though the Central government had got Rs. 6.25 lakh crore profit from taxes on Petroleum products, it provided subsidy of Rs, 23 thousand crores only, he added. As part of globalization, the Central government was trying to privatize the Oil companies, he alleged. He alleged that the Union government was working for the benefit of the corporate companies instead of striving for the welfare of the common people in the country.

Bharatiya Janata Party, National Secretary, Dr K. Laxman, Telugu Desam party general secretary, Mr. M. Aravinda Kumar Goud, YSR Congress, spokesperson, Mr. Gattu Ramachandra Rao, Jana Chaityana Vedika, President V. Laxmana Reddy and APSA, Director Mr. S. Srinivasa Reddy also spoke.

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