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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New Delhi (PTI): The Supreme Court on Thursday said the high court would decide whether the elected gram panchayat members, whose five-year tenure was over in Manipur, were entitled to continue in their posts in the event of the appointment of an administrative committee or an administrator.

A bench of Justices Surya Kant and N Kotiswar Singh said it would like to have the benefit of the view of the high court in the matter and set a three-month time frame to adjudicate the legal question.

"The question that falls for consideration in this case is that whether the elected member of the Gram Panchayat whose five-year tenure is over was entitled to continue as members of the gram panchayat in the event of appointment of administrative committee or administrator, as contemplated under Section 22 of the Manipur Panchayati Raj Act of 1994," the bench noted.

The Manipur government’s counsel said the state could not hold panchayat elections due to the unprecedented violence.

"Since, we would like to have the advantage of the opinion of the high court, we dispose of the special leave petition without expressing any opinion on merits, with the request to the chief justice of Manipur High Court to post the main case before a division bench at the earliest. We further request the division bench, before whom the matter is listed, to provide expeditious hearing with an endeavour to resolve the controversy within three months," the bench said.

The bench noted that provision of Manipur Panchayati Raj Act was amended to substitute the word "cease" with the word "continue" with respect to the tenure of the elected members of the gram panchayat.

The petitioners have challenged a high court order and submitted that since elections in gram panchayat could not be held in Manipur for various reasons, the previously elected members of the panchayat were entitled to continue as per the amended Section 22 (3) of 1994 Act.

Section 22 deals with the power of deputy commissioner to appoint an administrative committee or an administrator for a period of six months, which will then oversee the election.

Section 22 (3) of the law says once the administrative committee or an administrator is appointed by the deputy commissioner, the elected members of earlier gram panchayat shall cease to exist.

The top court said what has been challenged before it was an interlocutory order of the high court and the main petition in which the question of law that had been raised was still pending.

The original petitioners before the high court were elected representatives at the fifth general elections for gram panchayats and the zilla parishads who sought a direction to continue in the office beyond the period of five years as stipulated by law as elections were last held in 2017.

They sought to continue as panchayat members till the time the state election commission notified the election for the sixth general elections for gram panchayats and zilla parishads.

On February 29, last year, the high court in its interim order gave liberty to Manipur government to appoint an administrative committee for each gram panchayat and zilla parishad in accordance with law and the provision of the Act.