AIIEA OPPOSES THE PETRO PRICE HIKE AND DEMANDS ROLL BACK

           ALL INDIA INSURANCE EMPLOYEES’ ASSOCIATION

        LIC BUILDING  SECRETARIAT ROAD  HYDERABAD  500063

Email: aiieahyd@gmail.com

      

PRESIDENT:                                                                                                                                    Phone: 040-23244595

AMANULLA KHAN                                                                                                                 040-23244596

GENERAL SECRETARY:                                                                             Fax:      040-23244597                                                                                                                                             

K VENU GOPAL      

24^TH MAY 2012

PRESS RELEASE

AIIEA OPPOSES THE PETRO PRICE HIKE AND 

DEMANDS ROLL BACK

THE OIL COMPANIES ANNOUNCED A HIKE OF RS.6.28 PER LITRE EFFECTIVE FROM MIDNIGHT YESTERDAY TRANSLATING INTO AN INCREASE OF RS.7.50 TO RS.8.50 ACROSS VARIOUS PARTS OF THE COUNTRY DEPENDING ON THE TAX RATES.

IT IS ALL THE MORE SURPRISING THAT THIS HIKE IS COMING AT A TIME WHEN THE INTERNATIONAL CRUDE OIL RATES HAVE COME DOWN FROM $119.54 IN APRIL 2012 TO $107.18 AS AT 23^RD MAY 2012.

THE GOVERNMENT SHOULD HAVE COME OUT WITH A SOLUTION OF REDUCING THE TAXES WHICH WOULD HAVE CONTAINED THE HIKE.  BUT INSTEAD THE GOVERNMENTS ARE TRYING TO UTILISE THIS HIKE TO GENERATE MORE INCOME.  THERE ARE ALSO REPORTS THAT THE INCREASE IN DIESEL AND COOKING GAS CHARGES ARE ON THE CARDS.  ALL THESE TOGETHER ARE GOING TO SEND THE INFLATION RATE FURTHER SPIRALLING UP MAKING THE LIVES OF THE PEOPLE MISERABLE.

ALL INDIA INSURANCE EMPLOYEES’ ASSOCIATION STRONGLY OPPOSES THIS HIKE AND DEMANDS THE GOVERNMENT TO INTERVENE AND SEE THAT THE HIKE IS WITHDRAWN. AIIEA HAS CALLED UPON ALL THE INSURANCE EMPLOYEES ACROSS THE COUNTRY TO HOLD PROTEST DEMONSTRATIONS AND DEMAND ROLL BACK OF THE HIKE.

TODAY LIC EMPLOYEES HELD THE PROTEST DEMONSTRATIONS OPPOSING THE PETROL PRICE HIKE AT THE HYDERABAD AND SECUNDERABAD DIVISIONAL OFFICES.  

Sd.  (K. VENU GOPAL)

GENERAL SECRETARY