-The Hindu   “Allowing oil firms to control market will hurt economy”   De-regulation by which the three public sector oil companies are empowered to set the price of petrol and other petroleum products has been challenged in a public interest litigation petition in the Supreme Court. The All India Youth Federation (AIYF), represented by its general secretary P. Sandoshkumar, said there was no rationale behind replacing the Administered Pricing Mechanism (APM) with the Import...

-The Business Standard   Union finance minister Pranab Mukherjee was being economical with the truth when he said that last Saturday’s petrol price hike decision was entirely that of oil marketing companies (OMCs). True, the government correctly but belatedly deregulated petrol pricing several months ago, but it is clear that despite a sharp increase in global crude oil prices in the past six months, the OMCs restrained themselves from increasing domestic...

Even as acrimony continues to haunt the status of the Women's Reservation Bill, the Petroleum Ministry has gone ahead with its own scheme of things to “empower” rural Indian women making it mandatory for 50 per cent ownership by women of cooking gas dealerships under the Rajiv Gandhi Gramin LPG Vitrak Yojana. The government is also considering sops to the Below Poverty Line population to encourage it to use the eco-friendly...

Toxin-mixed fuel may deter adulterators but will pose danger to users After indirectly helping adulterators for seven long months to make money by diverting the kerosene meant for BPL families for mixing it with diesel, oil marketing companies (OMCs) are now thinking of introducing chemical markers which are hazardous for health and environment. The OMCs argued that during the technical evaluation of the markers, the hazardous chemicals would be removed....