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25 May 2018, Edition - 1046, Friday

FLASH NEWS:

  • This will be the prime minister’s first official visit to Indonesia and his second official visit to Singapore
  • The Sunanda Pushkar death case has been transferred to the Additional Chief Metropolitan Magistrate
  • JUST IN: Sunanda Pushkar’s murder case adjourned to 28th May
  • 3 days later, Tamil Nadu CM EPS surfaces, shocking: CM won’t condemn police firing, not a word for the Tuticorin victims
  • Thirteen people were killed in the police firing in the two days of clashes
  • Biennial elections to Maha Legislative Council results: BJP wins 2 seats, NCP 1
  • Power supply of sterlite plant disconnected, T.N govt disconnects power supply, cut due to non compliance of rules
  • Extortion threats to 12 U.P MLAs, demand: Pay up Rs 12 lakh each, Intel agencies begin probe

Coimbatore

Jayalalithaa demands new price fixation mechanism for petrol, diesel

Covai Post Network

Chennai: Condemning the latest increase in fuel prices, the Tamil Nadu Chief Minister J Jayalalithaa today demanded that a new mechanism be implemented to decide the prices of petrol and diesel.

In a statement, she said that she had often pointed out that “determining prices of petrol and diesel based on international fuel rates is not right,” and demanded that the latest price-hike be rolled back.

Accusing the centre of not passing on the benefits of the global fall in crude oil prices to the masses by revising the excise duties, she said that the current price fixation mechanism helps oil marketing companies make profits. “The hike will result in increase in prices of goods which will severely impact the poor and middle classes,” she said.

Condemning the hike in petrol and diesel prices due to global trends, Jayalalithaa added that fuel prices must be based on factors like cost of imported crude and its refining.