SC vacates Gujarat HC stay on pooling LNG prices
The Supreme Court on Wednesday vacated a stay granted by Gujarat High Court on a central government directive to raise price of LNG for customers.
By PTI |
NEW DELHI: The Supreme Court on Wednesday vacated a stay granted by Gujarat High Court on a central government directive to raise price of LNG for customers like Essar Steel to keep the fuel price for the Dabhol power project low.
A division bench headed by Justice Ashok Bhan also directed the High Court to restore Petronet LNG Ltd, Gail India Ltd, Indian Oil Corp and BPCL as parties in the case.
The Gujarat High Court had on July 31 stayed Petroleum Ministry's notification directing IOC, GAIL and BPCL to charge uniform prices from existing and new consumers. The Supreme Court had on the same day issued notices to Centre and IOC, BPCL, GAIL, Essar and GSPC on a request for clubbing a bunch of petitions challenging the government order.
While Essar Steel had challenged the order of averaging the long-term LNG price of Petronet LNG Ltd with the high cost short-term fuel purchase for Dabhol plant in Delhi High Court, GSPC had challenged the order that raised prices of LNG for existing Petronet customers in Gujarat High Court.
A division bench headed by Justice Ashok Bhan also directed the High Court to restore Petronet LNG Ltd, Gail India Ltd, Indian Oil Corp and BPCL as parties in the case.
The Gujarat High Court had on July 31 stayed Petroleum Ministry's notification directing IOC, GAIL and BPCL to charge uniform prices from existing and new consumers. The Supreme Court had on the same day issued notices to Centre and IOC, BPCL, GAIL, Essar and GSPC on a request for clubbing a bunch of petitions challenging the government order.
While Essar Steel had challenged the order of averaging the long-term LNG price of Petronet LNG Ltd with the high cost short-term fuel purchase for Dabhol plant in Delhi High Court, GSPC had challenged the order that raised prices of LNG for existing Petronet customers in Gujarat High Court.
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