The First Bench, comprising Acting Chief Justice R K Agrawal and Justice M Sathyanarayanan, reserved the orders on the petition filed by R Balasubramanian, an advocate.
The petitioner had contended that the government should withdraw the powers given to oil marketing companies as the pricing policy being followed affected millions of people in the country.
Additional Solicitor-General of India, P Wilson, pleaded with the court to dismiss the PIL and impose exemplary cost on the petitioner who has made certain defamatory remarks against various constitutional authorities in his petition.