<p>Order of the National Green Tribunal in the matter of Vardhaman Kaushik Vs Union of India & Others dated 22/03/2024.</p> <p>The Special Protection Group (SPG) filed the application to direct the
The price of oil should be seen as part of a tax-subsidy framework, serving as part tax when global prices are low and part subsidy when they are high. S. SUBRAMANIUM IF THE GOVERNMENT is willing to compensate oil companies with resources mobilised through taxes on those who can afford to pay, rather than through price increases that burden the rich and the poor alike, prices can be held constant until such time that the inflationary situation is brought under control. Here, at a petrol bunk in New Delhi. A file photograph.
An Assocham study has said that 35 crore litres of diesel worth Rs 1,400 crores were being consumed annually by industrial and commercial units in the national capital region (NCR) for generation of captive power to make up for the shortfall in supply of state-produced electricity.
T Muruganandham AIADMK general secretary J Jayalalithaa on Wednesday accused oil companies of imposing a bigger fuel price hike on consumers by compelling dealers to sell only premium variety of petrol and diesel. She said regular supply of ordinary petrol and diesel in all bunks was the need of the hour. She said that at a time when prices of essential commodities were going up following the re cent fuel price hike; oil companies had started imposing a further hike indirectly.
Sujay Mehdudia NEW DELHI: Faced with the constant pressure of rising crude oil prices in the international market that touched $140 a barrel on Monday, Oil Marketing Companies (OMCs) have proposed to the Petroleum Ministry that the supply of subsidised diesel to commercial users, including hospitals, hotels, shopping malls and even major power plants across the country, be stopped. Informed sources said a review of the supply chain of petrol and diesel was carried out by the Petroleum and Natural Gas Ministry along with OMCs recently and the issue came up for discussion.
Two small-time city businessmen, who allegedly forged documents in connivance with a sub inspector to get a tanker containing spurious diesel released from a police station, were denied bail by a city court on Tuesday. The duo, suspected to be suppliers of adulterated fuel to truckers were denied relief by the court which said their being behind bars was important for the cops to trace the SI who is absconding.
"States are facing difficult, volatile times' Centre asked for details on aviation fuel price NEW DELHI: Seeking uniform prices for basic petroleum products across all States, the Empowered Committee of State Finance Ministers on VAT (value added tax) on Monday asked the Centre to reveal its exact policy on petro goods price fixation as well as the reason why these prices currently differed from one State to another.
As the head of the United Progressive Alliance (UPA) Government, Prime Minister Manmohan Singh has been caught like a doe between covert economics and overt populism. No surprise then that the Government chose to issue a press release with blank spaces, on the "marginal" hike effected on petrol, diesel and cooking gas. Clearly, the Government is finding it tough to do its math in a manner that it can convince consumers already hard hit by 8.1 per cent inflation. It has no qualms making the aam aadmi pay more for everything, rather than lose out on its own revenues.
HOSPITALS, hotels, malls, cinema halls and other commercial establishments will not be able to avail subsidised diesel anymore. They have to buy costlier premium (or branded) diesel. Public sector oil companies IOC, BPCL and HPCL plan to stop supply of subsidised diesel to commercial establishments. Retail price of branded diesel, which is currently about Rs 2.25/litre higher than normal diesel, is not regulated by the government and its price could be substantially raised, depending on the demand.
It's almost a replay of the 1973 oil shock. Even though the circumstances behind the current price rise, and even the rise itself, are less dramatic than in 1973, the impact is no less debilitating, particularly for India. Crude prices are now ruling at $135 (Rs 5,805) per barrel levels, as a result of supply worries, burgeoning global demand and the weakening of the dollar. Investment bank Goldman Sachs has predicted that oil prices will soon hit $200 (Rs 8,600) per barrel.
