Govt rules out rollback of fuel price

The government has ruled out to roll back increase in fuel prices, even as opposition National Democratic Alliance (NDA) called for an all-India bandh today (July 5, 2010) to protest the price hike and rising inflation.

"No question of roll-back," Finance Minister Pranab Mukherjee told reporters, when asked whether the government could review its June 25, 2010 decision of raising prices of petroleum products.

Meanwhile, NDA Working Chairperson L K Advani after a meeting of its leaders, said, "This may be the first time in the history of India's politics that almost all political parties will participate in the Bharat Bandh."

The government last month raised prices of petrol, diesel and kerosene by Rs3.50, Rs2 and Rs3 a litre, respectively and increased the rate of cooking gas by Rs35 a cylinder.