Inauguration of LTU in Delhi postponed – Petro douses LTU
Yesterday afternoon, we received an invitation for the inauguration of the Delhi LTU on 4 th June by the Finance Minister and we deputed our best reporter to cover the event. By evening, we received a communication that the invitation is cancelled. We appreciate the kind gesture of the Ministry in informing that the function has been cancelled. But why was the function cancelled? We understand that there is an important cabinet meeting today to decide on the petro price hike and the FM cannot obviously go round inaugurating LTUs when the Petro hike issue is burning! The Left lobbyists do not want the price to be hiked, but with the Oil Companies losing about Rs. 20/- on every litre sold, the Government has tough decisions to make; unfortunately with elections not too far away. The helpless government will increase the price by Rs. 5 or 10 and all the political parties will go hammers and tongs against it. With inflation hitting the roof and petro price hike inevitable, it certainly is not the best of times for the Government.