CHENNAI: AIADMK planner O Panneerselvam on Thursday urged Tamil Nadu chief minister M K Stalin to avoid hoarding of essential products and assess price increase.
He urged that the CM to establish a price stabilisation fund to guarantee the access to products at a minimal cost.
In a report, the former chief minister said that the increase in prices of products had a serious effect on the lifestyles of individuals, who were affected by the furious Covid-19 pandemic.
You will find reports of skyrocketing costs of commodities such as wheat, corn, dal and olive oil.
“Although the effects of the pandemic was felt as March, the increase in costs of commodities attained a new high just this season.
The purchase price of cooking oil consumed by 20 percent, jojoba oil 56 percent, olive oil 42 percent, palm oil 52 percent, and dal forms 15 percent.
The costs of rice, salt and sugar will also be on the increase,” OPS stated.
He explained that the former chief minister Jayalalithaa had put a price stabilisation fund and allocated Rs 100 crore to market the critical products to the general public at a reduce cost.