Cornered by Opposition and allies over the issue of petrol price hike, Congress today pressed the government for a decision to ease the burden on people even as Petroleum Minister Jaipal Reddy ruled out any immediate rollback.

As the issue threatened to snowball into a major controversy with UPA constituents DMK and Trinamool Congress taking to streets and Samajwadi Party also slamming the Centre, Congress president Sonia Gandhi was huddled for a two-hour-long discussion with the top leaders including Prime Minister Manmohan Singh.

Ms. Gandhi reached the Prime Minister’s residence 15 minutes before other members of the Core Group including Finance Minister Pranab Mukherjee, Defence Minister A.K. Antony, Home Minister P. Chidmabaram and her political secretary Ahmed Patel arrived there.

Though there was no official word about what transpired in the meeting, there are indications that the party would prefer some sort of revision in the hiked petrol prices.

At the AICC briefing, party spokesperson Manish Tewari indicated that a revision in the prices could be made in the next few days.

“We do hope that our sentiment will be respected. We had yesterday itself said that we are fully sensitive if any step of the government puts a burden on common man even if it is required.

“Some or the other decision should be taken with the initiative of the central government, state governments and oil companies so that the burden put on people is eased,” Mr. Tewari told reporters.

A party leader speaking on condition of anonymity said that some sort of a revision of the price rise on the downward side is expected but only after few days, most likely by month end.

The leader said that he was not ruling out the possibility of a partial roll back but only after few days.

The party, apparently, is in a mood to test the waters before taking any decision on the issue, as there is a view that tough economic measures will be required to bring back the economy on rails.

Mr. Tewari said that Congress being a political party has placed the sentiments of the people before the government as well as the country and is “definitely hopeful” that the sentiment will be respected.

He said that while it is a reality that the Administered Price Mechanism stands dismantled and raising petrol prices lies within the jurisdiction of oil companies, “but there is also another angle to it that these products are used by millions of people and there is an inherent sensitivity.”

Amid growing street protests and unease within his own party, Reddy came out to defend the third price increase in a year and the first in almost seven months, saying the oil companies had exhausted all options.

Breaking his silence over the hike announced by oil companies on Wednesday, Reddy said: “All political parties including my own party (Congress) are populist... (but) we cannot run the country on populist sentiments.”

He said the government was not able to take a definitive view because there is lot of volatility in value of rupee vis-a-vis dollar and volatility in prices of crude oil.

“We have decided to watch (the situation) for just a few days... and when I say few days it is days not week... we want to know (if this) is a stable trend (and) we will come back to you (about a reduction in rates),” he said.

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