State-run fuel retailers don't tire of flashing their "autonomy" to justify raising petrol price. But when it came to a reduction on Thursday, they suddenly appeared to have developed political bones: the three oil marketers firms hastily pulled back plans to cut price by Rs 1.60 or so, excluding taxes, to prevent the opposition from taking credit. The retailers had raised petrol price by Rs 6.28, excluding taxes, on May 23....
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Madras high court refuses to interfere in petrol price hike-A Subramani
-The Times of India The Madras high court on Thursday refused to interfere with the recent increase of petrol prices, and also observed that the last week's crippling petrol and diesel shortage in Tamil Nadu had been overcome due to state government's efforts. A vacation bench of the court comprising Justice K Venkataraman and Justice C S Karnan passed the order on Thursday, while dismissing a Public Interest Litigation (PIL) filed by...
More »A burden beyond bearing
-The Business Standard Govt cannot delay increasing diesel, LPG prices Petroleum Minister Jaipal Reddy, speaking after a ministerial-level meeting on inflation on Monday, said that the government had no immediate plans to raise the administered prices of diesel, kerosene and domestic LPG (liquefied petroleum gas). This comes after oil marketing companies raised the price of petrol last week by Rs 7.50 per litre, an increase of 12 per cent. Mr Reddy’s...
More »File affidavit on PIL against petrol hike, HC directs Centre
-The Indian Express The Bombay High Court today directed Centre, Petroleum Ministry and Finance Ministry to file an affidavit by June 20 in response to a petition that claimed the recent petrol price hike was "illegal" as it lacked Parliament's approval and violated the Constitution. A bench of Justices R Y Ganoo and N M Jamdar ordered the respondents to file an affidavit explaining their stand on increasing the price of petrol. Apart...
More »High Court issues notices to Centre on PIL against petrol price hike
-MoneyLife.in Citing lack of uniformity in the prices of petrol, the petitioner said that in Thane, the price per litre is Rs81.70, while it is as low as Rs58.06 in Port Blair, Rs81.75 per litre in Bengaluru and Rs73.18 in Delhi The Bombay High Court on Monday issued notices to Centre, Ministry of Petroleum and Natural Gas and Finance Secretary, besides three oil marketing companies on a public interest litigation (PIL), which...
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