Rollback in fuel hike not ruled out: Sources

New Delhi: The objection from the UPA allies over the petrol price hike has forced the government to rethink, according to sources.

Sources have said that a rollback of the fuel hike cannot be ruled out.

This came after UPA allies like the Trinamool Congress expressed anger over the issue. TMC Chief Mamata Banerjee said that the UPA never pays heed to the Trinamool's views.

Mamata said, ""We are accountable to people, can't tolerate this fuel price hike. We are not trying to blackmail the government. We have been insulted many times, we don't even have a room for us in Parliament."

"Our MPs had resolved that if this repeated hike continues we will withdraw support. Somebody must bell the cat," Mamata said.

BJP leader Yashwant Sinha on Friday slammed the UPA's decision to hike fuel prices saying that there's no justification for the latest hike.

Sinha also said that the people of the country must rise and revolt against this 'insensitive' government.

Congress, however, stood by its decision with Finance Minister Pranab Mukherjee saying that hike in petrol prices will have adverse effect on inflation.

"Petrol is a decontrolled item. Nobody in the government knows about the petrol price hike because prices are increased by the petroleum companies not by the government, Mukherjee said.

Oil companies brought yet another steep hike in petrol price, by Rs 1.80 per litre with effect from Thursday midnight making life more difficult for the aam aadmi. This is the fifth increase since December 2010 coming on top of falling rupee and rising cost of imported crude.