There are disquieting reports that Empowered Group of Minister(EGOM) is scheduled to take up the issue of deregulating the pricing of petrol and diesel on 7th June 2010 as per Kirit Parikh Committee which is likely to increase price of these petroleum products by Rs. 3/- to Rs. 3.50 per litre. Such a decision apart from the cascading effect on the present unbearable inflation will also go against the following unanimous recommendation of the Parliamentary Standing Committee on Petroleum and Natural Gas placed in Parliament on 22.04.2010
“The Committee note that the Expert Group headed by Dr. Kirit Parekh Committee has made several recommendations on ‘viable and sustainable pricing of petroleum products’. In this regard, the Committee urge the Government not to consider the expert group recommendations in isolation but to give due weightage to the recommendations made by the Committee on Petroleum and Natural Gas in their 6th and 10th Reports (14th Lok Sabha) on ‘Pricing of Petroleum Products’.”
You will kindly agree that Executive is accountable to Parliament and not vice-versa. Therefore the above recommendation read along with recommendations about made in 6th and 10th report (14th Lok Sabha) cannot be sidelined / ignored by Parikh committee appointed by the Executive. This in my humble opinion will to a large extent erode the credibility of Parliamentary Committees and Parliament. I therefore urge upon you to advise the EGOM not to take any decision before getting the same examined by the Parliamentary Committee constituted for this purpose.
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