The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement on October 6, 2014.
THE Polit Bureau of the CPI(M) registers its protest over the refusal of the government and the Oil Marketing Companies (OMCs) to reduce the price of diesel, despite the fall in crude oil prices in the international market.
Price of Brent crude, the global oil price benchmark has fallen below $92 a barrel. It is reported that the OMCs are earning Rs 1.90 on every litre of diesel as `over recovery’.