The CPI said any hike in petroleum product prices would be a disastrous step which would push inflation to double-digit level.
The party would organise a countrywide agitation on June six to protest the proposed hike in fuel prices, CPI General Secretary A B Bardhan told reporters.
"Any hike in petro product prices will be a disastrous step which will push the rate of inflation to 10-11 per cent," said the CPI leader, who is here to participate in party’s UP Council meet.
He said financial and monetary policies being pursued by the UPA government at the Centre had failed in taming inflation and ensuring food security for the nation.
"We have given a number of suggestions, including banning forward trading in commodities, to rein in inflation.
But, the Centre has not paid heed to any of the proposals," Bardhan said.
On the Gujjar stir in Rajasthan, the CPI General Secretary demanded resignation of the Vasundhara Raje Government saying it had failed to tackle the situation.
"Raje promised reservation to Gujjars but did nothing for them during her four-year rule," he said and termed her dispensation as a "government of killers".
On the Samajwadi Party mending fences with the Congress, he said SP leaders Mulayam Singh Yadav and Amar Singh met him last week.
"They are part of the UNPA" and would abide by any decision taken by the alliance, he said.
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