Hike on petroleum products arbitrary, irrational: Ghulam Hassan Mir

5 Dariya News (Rouf Pampori)

Srinagar 25-Jul-2015

Democratic Party Nationalist (|DPN) Chairman and former Minister Ghulam Hassan Mir has taken strong exception to the government move to increase tax rate of petroleum products which is directly going to result an unbearable burden on people.Mir observed that people, who are yet to come to terms after devastating floods in September 2014, did not get any respite from inflation and rising prices and the same has genuinely made poor people restless.“These arbitrary and irrational hikes on petroleum products are completely unacceptable and it is vehemently demanded that the state government should immediately rollback its decision,” he said.The DPN Chairman opined that the latest hike in prices of diesel and petrol would fuel price rise of essential commodities, which would burden the people of the state further. “The increase in petrol and diesel prices will affect transportation costs and will surely have a cascading affect on inflation,” Mir added.