Fuel Prices – India Legal https://www.indialegallive.com Your legal news destination! Tue, 08 Sep 2020 11:40:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.4 https://d2r2ijn7njrktv.cloudfront.net/IL/uploads/2020/12/16123527/cropped-IL_Logo-1-32x32.jpg Fuel Prices – India Legal https://www.indialegallive.com 32 32 183211854 SC rejects PIL against rise in fuel prices https://www.indialegallive.com/top-news-of-the-day/news/sc-rejects-pil-against-rise-in-fuel-prices/ https://www.indialegallive.com/top-news-of-the-day/news/sc-rejects-pil-against-rise-in-fuel-prices/#comments Tue, 08 Sep 2020 10:16:59 +0000 https://www.indialegallive.com/?p=112955 refuelThe Supreme Court today declined to entertain a Public Interest Litigation questioning the daily increase in prices of petrol and diesel.]]> refuel

New Delhi: The Supreme Court today declined to entertain a Public Interest Litigation questioning the daily increase in prices of petrol and diesel.

A three-judge bench comprising Justices R.F. Nariman, Navin Sinha and Indira Banerjee warned the petitioner that if he presses to argue on the prayers in the PIL, then he could end up paying a heavy fine for filing the plea.

The Petition filed by Kerala-based advocate, Shaji J. Kodankandath, contended that price of petrol and diesel were unreasonable in the backdrop of low crude oil price. The petitioner moved the apex court seeking directions to the centre to reduce the price of petrol and diesel.

Courts refrain from exercising judicial review over the economic policy decisions, which fall within the exclusive domain of the executive. The court said: “Do you want to argue this case because if you do, we will impose heavy costs.”

Counsel appearing for the petitioner submitted before the bench, if that was the view of the court then he would withdraw the plea filed by his client.

Read Also: SC stays LS breach of privilege proceedings against top Jharkhand police officials

Notably, retail prices of fuel here do not solely depend on crude oil prices. Various factors including margin by Oil Marketing Company transportation and freight costs, central and state government taxes and other taxes etc are considered in determining the price.

-India Legal Bureau

]]>
https://www.indialegallive.com/top-news-of-the-day/news/sc-rejects-pil-against-rise-in-fuel-prices/feed/ 1 112955
Highs and Lows https://www.indialegallive.com/satire-articles/highs-and-lows/ Fri, 21 Sep 2018 12:54:47 +0000 http://www.indialegallive.com/?p=54679 Highs and Lows~By Dilip Bobb India, and Indians, has/have hit a speed bump, two in fact. The sinking value of the rupee against the almighty dollar and the dent in household budgets as fuel prices hit the rafters is now a political hot potato—if fuel to light the stove was affordable. Economists say the two are linked […]]]> Highs and Lows

~By Dilip Bobb

India, and Indians, has/have hit a speed bump, two in fact. The sinking value of the rupee against the almighty dollar and the dent in household budgets as fuel prices hit the rafters is now a political hot potato—if fuel to light the stove was affordable. Economists say the two are linked but for the man/woman on the road, it’s more like lynched. An intrepid reporter takes a pulse-of-the-nation survey to gauge the impact of the double whammy.

Reporter (outside Metro station): Madam, have you switched to using the Delhi Metro because of the skyrocketing fuel prices? I see many people taking the train because of the strain on their household budgets.

Lady Commuter: Yes, I was sitting next to this man who looked suspiciously like the PM, so I asked him if he was travelling in disguise to avoid paying the fare. It turned out that it was the PM, he was travelling to Dwarka, so while taking a selfie, I thanked him for saving public money on the cost of using his convoy of SUVs.

Reporter: What did he say?

LC: He said Mitro, so I reminded him it was metro. He thanked me for correcting him and said he makes sacrifices for the nation every day and to wait in the queue, acche din was coming.

Reporter: Sir you look harassed and stressed staring at your car. Is it pinching that much?

Man with car: Yes, I am stressed. My daughter got married recently and I gave my son-in-law a new car. He has now returned it, saying he cannot afford both, so it’s either my daughter or the car.

Reporter to car owner: Sir, you are the first car owner I have met who is looking happy, what’s the secret?

Car owner: I am a garment exporter. The fall of the rupee has been a pre-Diwali bonus. In fact, I am on my way to buy a new car and then join a party for exporters at the Oberoi hotel.

Reporter: I heard that importers who are badly hit by the rupee fall are holding their own get-together, do you know where that is?

Exporter: At the Apollo hospital, cardiac wing.

Reporter to Congressman: Netaji, I see you are as high as petrol prices, you finally have a burning issue you can target the BJP with?

Congressman: Yes, it is burning a hole in everyone’s pocket. As a party, we were running on empty, but now we have an issue we can take to the people and I am in charge of fuelling the Bharat Bandh campaign.

Reporter: Why you?

Congressman: You see, I switched to Congress from BJP, and eight years ago, the NDA made me in charge of the Bharat Bandh they had planned.

Reporter: What was the issue?

Congressman: Rising fuel prices.

Reporter: Sub Inspector, I see you are painting a new slogan, what is it?

Cop: It’s a new drive by traffic police, it says Drink, don’t Drive.

Reporter: What has prompted such bad advice?

Cop: Because liquor is now cheaper than petrol.

Reporter to Woman: Madam, you look very happy, are you an exporter, working for an oil company, the tax department, what’s the secret?

Woman: I’m the mother of the bride, and my in-laws have just sent across the most wonderful gift.

Reporter: Diamonds, a Mercedes, Gold bars, a luxury apartment?

Woman: A jerry can of petrol. Acche din aa gaye.

Reporter to Petrol Pump owner: Sir, you too look harassed and upset. Retailers should be celebrating. What is fuelling your anger?

PPO: My pumps. They are calibrated to show a maximum of Rs 99.99. To add a fifth decimal, I will have to pay someone to recalibrate all my dispensing pumps. It’s now a competition between the rupee and petrol to see which one hits a century first.

Reporter to Goon-for-hire: Dada, you look down and out: elections are approaching, JNU is on fire, lynchings are on a high, you should be thrilled?

GFH: NOTA. Our biggest payday is when there are bandhs called by political parties, and we are called upon to set buses and cars on fire along with tyres and innocent bystanders. Alas, that has come to a standstill thanks to petrol prices and so few vehicles on the road.

Reporter: But the Congress is calling Bharat Bandhs over fuel and rupee rates?

GFH: They have a shortage of funds. We sent an appeal to the BJP but they said their big tamasha was on September 29, and we have no role to pay.

Reporter: I’m sure the suffering public will want to know what they are celebrating.

GFH: Something called Surgical Strike Day.

]]>
54679