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Lorry owners' federation seeks Central substantiation for increasing fuel prices

M.K. Ananth

Namakkal: The State Lorry Owners' Federation of Tamil Nadu has sought proper substantiation from the Union Government to increase the prices of petrol and diesel, says its president K. Nallathambi. He told The Hindu that way back in June 2008 the price of a litre of diesel was increased to Rs.37.57 when the international price of crude oil rose to US $ 132.47 per barrel.

Today diesel is priced at Rs.40.63 a litre despite the fall in international crude oil price to US $ 97 per barrel, at present. Claiming that there is no clear substantiation from the government on the reason behind the hike, Mr. Nallathambi said that the government maintained an image that its oil companies were running into a loss.

Pointing out that the present price of diesel was Rs.35.40 per litre in Punjab while it was Rs.5.23 more in Tamil Nadu and Rs.6.80 more in Karnataka, he sought uniformity in pricing diesel across the country.

Warned

Noting that there could be an increase in the price of diesel during the second week of June, he also warned that the more than 2.04 lakh lorries would take part in the indefinite strike called for by the All India Motor Transport Congress.

Six-laning of the existing four Golden Quadrilateral road running from Krishnagiri to Chennai – a stretch of 260 kilometres – is yet to be started by the private company that has obtained the tender (L&T) but we have received a notification that the toll charges would be increased, he said.

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