Gas Price Legal Battle Begins - Who is Competent to Set Prices?

摘要

In its first tryst with the highest court in the land post the Kejriwal FIR, Mukesh Ambani's Reliance Industries has told the Supreme Court that the gas price hike scheduled April 1st, would benefit upstream PSU's like ONGC and Oil India more as they produce more than 70 percent of India's gas requirement. It may be recalled that CPI leader Gurudas Dasgupta and Prashant Bhushan have asked for a stay on the new gas price regime. The duo are accusing the Centre of colluding with Reliance and hiking the price of gas to provide windfall gains to the company, a charge Reliance has rubbished comprehensively.