Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

India rocked by petrol price strike

Jul 05 2010 12:00

Related Articles

Indonesia to scrap fuel imports

Moz govt gives fuel order

French petrol pumps to run dry

Strike threatens fuel supply

New ways to pay for petrol

Petrol price jumps higher

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

MyCiti buses running at a loss

May 28 2012 07:53

The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

 
Share Share line Print
New Delhi - An opposition-led strike over fuel price rises disrupted life across India on Monday, triggering transport mayhem and sporadic violence in major cities where schools and businesses closed down.

Flights were grounded in commercial airline hubs such as Mumbai and Kolkata, while protesters attacked buses, blocked roads with burning tyres and organised sit-down protests on inter-city railway links.

Police were out in force to prevent any large-scale unrest during the 12-hour strike called by the main opposition Bharatiya Janata Party (BJP) and leftist parties in a show of strength against the Congress-led government's reform programme.

The response was mixed, with the greatest impact felt in states with non-Congress administrations, like West Bengal, Maharashtra, Karnataka and Bihar.

The day of action virtually shut down the software sector in India's IT showcase city Bangalore - the capital of BJP-ruled Karnataka - where hundreds of software firms, including giants like Infosys and Wipro, told employees to stay home.

In New Delhi, the government said it would not be bullied into reneging on reform promises, and Finance Minister Pranab Mukherjee insisted there was "no question" of rolling back on the fuel price hikes.

The government scrapped petrol subsidies last month and announced an across-the-board rise in the price of other fuels as a key part of its strategy to rein in a yawning fiscal deficit.

The inflationary knock-on effect of the increases is an issue that India's fractured opposition can unite over, given popular anger over steep rises in the cost of living.

'Government needs to rethink this'

The strike was widely observed in India's financial capital, Mumbai, where police had rounded up 1,000 "trouble-makers" on Sunday in a pre-emptive move to prevent unrest.

Flights to and from Mumbai airport were severely disrupted, with domestic airlines cancelling 45 departures and 39 arrivals.

The city's taxis were mostly off the streets, and schools, colleges and businesses closed down, while 50 Communist Party activists were arrested as they tried to storm the platforms of a suburban train station.

There were clashes in several cities, with police charging with batons and using water cannon to disperse crowds.

The Mumbai police's rapid reaction force was on alert and some 40,000 officers were on the streets.

"Anyone who takes the law into their hands and attempts to paralyse the city shall be dealt with strictly," city police commissioner Sanjeev Dayal said.

In Kolkata, the capital of the Marxist-controlled West Bengal, public transport was at a standstill and many flights were cancelled.

Demonstrators took to the streets and held sit-down protests to block key intersections, but there were no reports of major violence.

"Normally, I'm against strike action, but this is different," said Sriparan Bose, a geography teacher in Kolkata.

"Inflation is already hurting a lot of people, and the fuel rises are only going to make things worse. The government needs to rethink this," said Bose.

Test for PM

Mahesh Rangarajan, a political analyst at Delhi University, said the strike was a significant test of the commitment of Prime Minister Manmohan Singh's year-old government to push through tough reforms.

Any rollback now "would be an erosion of their authority," Rangarajan said.

In the northern city of Lucknow, police reported incidents of protesters stoning buses to keep them off the streets and senior BJP leader Arun Jaitley was arrested for illegal assembly.

Prior to being detained, Jaitley told reporters the strike was an "unprecedented success."

"This protest has been widely supported by the average common man because he is really the target of the government's policies," he said.

In the Bihar state capital Patna, protesters disrupted train services and used burning tyres to block traffic.

The Indian capital, which is controlled by a Congress administration, was relatively quiet.

  - AFP



 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

Sasha

"In the short term this is true, Greece will dominate the headlines on a day to day basis, until their next elections when there would be some clarity to answer the question, "What next for Greece?" Amazingly everyone except the politicians seem to be lining themselves up for worst case scenario, b... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...