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Govt’s gas price hike decision under SC lens
The Supreme Court on Monday decided to examine the government’s controversial decision to raise the price of natural gas and issued notices to the Centre, Union minister for petroleum and natural gas Veerappa Moily and Reliance Industries Limited (RIL).
Updated on: Jul 30, 2013, 02:03:59 IST
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The Supreme Court on Monday decided to examine the government’s controversial decision to raise the price of natural gas and issued notices to the Centre, Union minister for petroleum and natural gas Veerappa Moily and Reliance Industries Limited (RIL).
A bench headed by Chief Justice P Sathasivam also sought response from the petroleum ministry and RIL’s consortium partner NIKO Resources on CPI MP Gurudas Dasgupta and former power secretary, EAS Sarma’s PIL alleging no due diligence was done by the government while increasing the price of natural gas.
The government has proposed to increase the price of natural gas from USD 4.2 per million British thermal unit (mbtu) to USD 8.4 mbtu from April 1, 2014.
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