IOC resumes dynamic pricing, petrol near 5-year high in Delhi
New Delhi, May 14 : With the resumption of dynamic pricing system for transport fuels on Monday by the Indian Oil Corporation (IOC), petrol prices in the national capital shot up to 74.80 per litre.
The IOC had suspended dynamic pricing system for transport fuels for 19 days to "avoid creating unnecessary panic among the consumers".
In Delhi, petrol was priced at Rs 74.80 per litre on Monday, highest since September 2013, when it had hit Rs 76.06 a litre. The price was last changed on April 24 when it was at Rs 74.63 per litre.
In the other metropolitan cities of Kolkata, Mumbai and Chennai also petrol prices were at multi-year high levels of Rs 77.50, Rs 82.65 and Rs 77.61 a litre on Monday.
The previous highs in these cities were Rs 78.03 (Kolkata, August 2014), Rs 83.62 (Mumbai, September 2013) and Rs 77.48 (Chennai, September 2013).
Apart from petrol prices, diesel also rose to a fresh record high after the last price movement on April 24. Prices of diesel on Tuesday, in Delhi, Kolkata, Mumbai, Chennai were Rs 66.14, Rs 68.68, Rs 70.43 and Rs 69.79 per litre, respectively.
Prices did not change in the last 19 days, despite rise in international crude oil prices, which observers cited as a deliberate political move ahead of Karnataka polls. Brent crude oil is currently priced over $76 per barrel.
However, IOC Chairman Sanjiv Singh on May 8, said the dymanic pricing was suspended temporarily despite a rise in international rates, to avoid panic among consumers.
"We have decided to temporarily moderate retail prices by not passing on the required increase as we believe the current international oil product prices are not supported by fundamentals. So we have decided to wait for a while," Singh had said, adding: "Passing them on to consumers will unnecessarily create panic."
This temporary relief to consumer seems to have come to an end with the rise in prices on Monday.
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Outgoing CJI Chandrachud's legacy will continue to be debated: Jairam Ramesh
New Delhi (PTI): Senior Congress leader Jairam Ramesh on Saturday said outgoing Chief Justice of India D Y Chandrachud's legacy will continue to be debated and as the main petitioner in at least two very important matters, including a legislation being arbitrarily declared a money bill, he has been "deeply disappointed" with the CJI.
Justice Sanjiv Khanna has been appointed the 51st Chief Justice of India. He will take oath on November 11, a day after incumbent Justice Chandrachud demits office on attaining the age of 65. Friday is the last working day for Chandrachud as CJI.
Justice Chandrachud took over as the CJI on November 8, 2022.
In a post on X, Congress general secretary in-charge communications Ramesh said, "Today is the last working day for the retiring Chief Justice of India. His legacy will continue to be debated, as indeed it should be."
"Personally, as the main petitioner in at least two very important matters, I have been deeply disappointed. First, the brave judge who in his Sept 2018 dissenting judgment called the Aadhar Bill’s passage as a Money Bill a 'fraud on the Constitution', never constituted a full Bench to examine the issues involved in the matter of legislation being arbitrarily declared by the Modi government, as a money bill under Art 110 of the Constitution just to avoid full debate," Ramesh said.
Chandrachud had promised to do so after taking over as Chief Justice, he said.
"Second, my challenge of the Modi Government’s damaging amendments to the RTI has been awaiting hearing and verdict for over four years now," Ramesh said.
