EC seeks details from govt on proposed gas price hike

After AAP sought the Election Commission's intervention in stalling the gas price hike from April 1, the poll panel has sought details from the government on the proposed increase.

The Commission has already discussed the issue and it is seeking more details from the government before issuing an order on the gas price hike.

Sources said the Commission had detailed meeting on the issue on Saturday evening and will hold further debate on the matter in its meeting today.

Earlier, the Commission had said that it has taken note of AAP leader Arvind Kejriwal's complaint that on a proposal by Reliance Industries, the Petroleum Ministry is going to hike gas prices from April 1.

Kejriwal had in a letter to EC termed the gas price hike as violation of the Model Code of Conduct and alleged that the decision was aimed at providing windfall gains to Mukesh Ambani's Reliance Industries.

Petroleum Minister M Veerappa Moily has made it clear that the government will not go back on its decision to hike rates from April 1.

He has said that the decision to raise gas prices for both public sector and private producers has gone through a governance process.

"It was considered by the Cabinet twice and approved twice," Moily had said.

EDITORIAL OF THE DAY

  • Allow 100 per cent FDI in asset reconstruction companies

    The asset reconstruction business is 13 years old and still struggling like a toddler.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Rajgopal Nidamboor

From complexity to prudent adaptability

It is a travesty that a host of new, strikingly ...

Dharmendra Khandal

Creepy, you say? That’s merely ophidiphobia

Snakes are the earliest predators in the life of the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture