TMC chief Mamata Banerjee threatens the government saying that her party will hit the streets and stage an agitation if the petrol prices are not reduced.
Petroleum Minister Jaipal Reddy has been summoned back to India from Turkmenistan, a day before he was supposed to return, to defend the petrol price hike.
Indian Oil Corporation's Chairman RS Butola says oil companies had no option but to hike the fuel prices and may cut petrol prices if global crude prices drop.
CPI(M) General Secretary Prakash Karat says the party will hold nationwide protests to put pressure on the Government to rollback the steep hike in fuel prices.
With rupee depreciation leading to jump in oil import bill, the state-owned firms hiked the prices of petrol by Rs 7.50 a litre, says Lalu Prasad Yadav.