Members of civil society move SC on price rise of natural gas

Civil society members including former Cabinet Secretary T S R Subramanian and ex-Naval chief Admiral L Ramdas today approached the Supreme Court challenging the Centre's decision to raise the price of natural gas.
Alleging "collusion between Reliance Industries Ltd (RIL) and the political establishment", the petitioners also sought an inquiry on why the Centre did not take any action against the company for its misconduct.
"Issue order directing a thorough investigation by an SIT or CBI under the supervision of this court, into the high level collusion between RIL and the political establishment and the corruption involved, as has been highlighted in the instant petition, including on the aspects of not taking any action against RIL for its misconduct," the petitioners, also including former Secretary Ramaswamy Iyer and NGO Common Cause, said.

They also sought direction for a thorough audit by CAG of the working of the PSC governing KG block, gold plating by RIL, the underproduction by RIL and all related issues.
A similar petition was earlier filed by CPI MP Gurudas Dasgupta and the apex court had on July 29 issued notice to the Centre and RIL.
The government recently decided 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.
The new USD 8.4 mbtu price, which will be reviewed every three months, will apply to all the gas producers uniformly including state-owned firms like Oil India Limited (OIL) and Natural Gas Corporation (ONGC) and private companies like RIL.