‘It is economic policy decision’: Delhi High Court refuses to interfere with fuel price issue
6 years, 6 months ago

‘It is economic policy decision’: Delhi High Court refuses to interfere with fuel price issue

India TV News  

The Delhi High Court on Wednesday refused to interfere with the issue of daily change in prices of fuel. The fuel price issue was an “economic policy decision” made by the Central government and the courts must remain away from it, it said. A bench of Chief Justice Rajendra Menon and Justice VK Rao said "there are larger economic issues" involved, making it clear it is not inclined to interfere with the decision of the government. The petition has alleged that the government had "indirectly given implied consent" to oil marketing companies to hike petrol and diesel prices at their own "whims and fancies". Accusing the government of spreading "misleading information" by drawing a connection between the rising fuel prices and the global increase in the rate of crude oil, the petition said the prices of petrol and diesel did not decline when crude was cheaper.

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History of this topic

Is the fuel pricing policy problematic?
2 years, 11 months ago

Is the fuel pricing policy problematic?

The Hindu  

After a long pause, retail fuel prices have been inching up over the past week and have crossed the ₹100-litre mark again in several parts of the country, while LPG cylinder prices have been hiked by ₹50. Editorial | Freeze out: On fuel price hike after a 137-day pause From 2004, oil prices started moving up, and the United Progressive …

Centre sensitive to fuel price hike, public to get relief in upcoming month: Union Petroleum Minister
3 years, 7 months ago

Centre sensitive to fuel price hike, public to get relief in upcoming month: Union Petroleum Minister

India TV News  

Union Petroleum Minister Hardeep Singh Puri on Tuesday said that the Central government is sensitive to fuel price rise while also hinting that the public might get relief in the upcoming month. "Central Government is very sensitive to this issue but it is also very sensitive to see the other responsibilities that we have," Puri said while addressing a press …

Delhi High Court dismisses application seeking formula of petrol pricing
6 years, 6 months ago

Delhi High Court dismisses application seeking formula of petrol pricing

India TV News  

A petition seeking to disclose formula of petrol pricing was rejected by the Delhi High Court on Wednesday. The application sought direction to the Centre to disclose the formula on the basis of which the prices of petrol and diesel are being fixed daily. The court was hearing an application filed by the Delhi-based designer, asking to disclose the formula …

PIL Against Daily Change In Fuel Prices: Delhi HC Not Keen On Interfering In Govt’s Policy Decision, Asks Centre To Decide Representation In 4 Weeks [Read Petition]
6 years, 6 months ago

PIL Against Daily Change In Fuel Prices: Delhi HC Not Keen On Interfering In Govt’s Policy Decision, Asks Centre To Decide Representation In 4 Weeks [Read Petition]

Live Law  

Observing that there were larger economic issues involved when it comes to fuel prices, the Delhi High Court on Wednesday said it cannot ask the government to fix the price but directed it to decide the representation of a Delhi-based designer who has filed a PIL seeking direction to the government to fix fair price of petrol and diesel in …

PIL Against Daily Change In Fuel Prices: Delhi HC Not Keen On Interfering In Govt’s Policy Decision, Asks Centre To Decide Representation In 4 Weeks [Read Petition]
6 years, 6 months ago

PIL Against Daily Change In Fuel Prices: Delhi HC Not Keen On Interfering In Govt’s Policy Decision, Asks Centre To Decide Representation In 4 Weeks [Read Petition]

Live Law  

Observing that there were larger economic issues involved when it comes to fuel prices, the Delhi High Court on Wednesday said it cannot ask the government to fix the price but directed it to decide the representation of a Delhi-based designer who has filed a PIL seeking direction to the government to fix fair price of petrol and diesel in …

pricing of domestically produced gas supervisory power of govt-IndiaTV News – India TV
9 years, 11 months ago

pricing of domestically produced gas supervisory power of govt-IndiaTV News – India TV

India TV News  

New Delhi: The pricing of domestically produced gas is a "supervisory power" of the government and its dispute with Reliance Industries Limited cannot be subjected to arbitration proceedings, the Supreme Court has been told. "Pricing of domestically produced gas is a supervisory power of the government, which cannot be divested. "The role of the government is to lay down policies …

Actual fuel de-control still doesn't exist in India. Here's why
10 years, 3 months ago

Actual fuel de-control still doesn't exist in India. Here's why

Firstpost  

In October this year, the Narendra Modi-led government announced it had deregulated prices of diesel, India’s largest selling automotive fuel. The move is expected to at least partially set free oil-marketing companies that had for years been selling the fuel at government-decided, loss-incurring prices, and followed the UPA government’s decision in 2010 to decontrol petrol prices. As oil prices dropped …

Delhi anti-graft agency says Reliance gas probe valid
10 years, 7 months ago

Delhi anti-graft agency says Reliance gas probe valid

India TV News  

New Delhi: The anti-graft wing of the Delhi government has filed an affidavit in the high court saying it has jurisdiction to lodge a report against Reliance Industries and former petroleum minister M. Veerappa Moily, among others, in the gas pricing issue. The matter pertains to an approval by the cabinet of the previous United Progressive Alliance government in January …

Oil firms challenge CCI jurisdiction in petrol pricing probe
11 years, 6 months ago

Oil firms challenge CCI jurisdiction in petrol pricing probe

The Hindu  

Fair trade watchdog CCI will soon pass an order on a challenge by oil marketing firms over its authority to investigate alleged cartelisation in fixing petrol prices. The Competition Commission of India is probing suspected unfair practices by State-run oil marketing companies in setting petrol prices, which has been deregulated by the government. Without divulging details, Mr. Chawla said an …

"Withdraw price fixing authority from OMCs" says Jaya – India TV
11 years, 6 months ago

"Withdraw price fixing authority from OMCs" says Jaya – India TV

India TV News  

Chennai: Demanding an immediate roll back of today's "steep" fuel price hike, Tamil Nadu Chief Minister J Jayalalithaa urged the Centre to withdraw the authority given to oil marketing companies to fix fuel prices. In a statement the chief minister said "instead of taking steps to control the falling of Indian Rupee revising fuel prices will further lead to erosion …

SC to examine gas price policy, issues notices to Centre, RIL
11 years, 7 months ago

SC to examine gas price policy, issues notices to Centre, RIL

India TV News  

New Delhi, Jul 29: Government's controversial decision to raise the price of natural gas reached the Supreme Court which today agreed to examine the matter. Taking up a PIL filed by CPI MP Gurudas Dasgupta, the court issued notices to the Centre, Reliance Industries Ltd and the Petroleum Minister Veerappa Moiley.The bench headed by Chief Justice P Sathasivam said that …

Manmohan rules out roll back of fuel price hike
13 years, 4 months ago

Manmohan rules out roll back of fuel price hike

The Hindu  

Prime Minister Manmohan Singh has not only ruled out a roll back of last week’s fuel price hike but also refused to guarantee against a future increase. This was conveyed bluntly to a delegation of Trinamool Congress MPs and ministers which called on him on Tuesday to protest against the stiff hike in petrol price last week and to seek …

Govt To Take Decision On Petrol Price Hike : Congress
13 years, 4 months ago

Govt To Take Decision On Petrol Price Hike : Congress

India TV News  

New Delhi, Nov 5: Ruling out that it has demanded any rollback, Congress today left it to the government to decide on the issue of petrol price hike saying it did not want to enter their jurisdiction. We have only said that keeping in mind the sensitivity of the issue and the concerns government should do whatever it can to …

Kerala HC Slams Frequent Petrol Price Hike
13 years, 4 months ago

Kerala HC Slams Frequent Petrol Price Hike

India TV News  

Kochi, Nov 4: Flaying the frequent hike in petrol prices, the Kerala High court today said central and state governments cannot “wash their hands” off and directed the Indian Oil Corporation and Reliance Petroleum to produce their balance sheets and quarterly reports before it in three weeks. When a PIL by former MP P C Thomas against the frequent petrol …

Deregulation of fuel prices ‘much needed’ reform, says Manmohan
14 years, 9 months ago

Deregulation of fuel prices ‘much needed’ reform, says Manmohan

The Hindu  

Prime Minister Manmohan Singh on Tuesday rejected the Opposition’s criticism of the government’s decision to hike fuel prices, saying the move to free petrol and diesel rates was part of “much needed” reforms and that there should be no “excessive populism”. The government on June 25 decontrolled petrol prices, resulting in Rs 3.50 a litre increase in rates in Delhi, …

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