Kejriwal fires salvo against Moily, Mukesh on gas pricing

February 11, 2014 01:16 pm | Updated December 04, 2021 11:24 pm IST - New Delhi

Delhi Chief Minister Arvind Kejriwal has said the move to hike the price of natural gas will have a cascading effect on the economy.  Photo: Shiv Kumar Pushpakar

Delhi Chief Minister Arvind Kejriwal has said the move to hike the price of natural gas will have a cascading effect on the economy. Photo: Shiv Kumar Pushpakar

Delhi Chief Minister Arvind Kejriwal on Tuesday ordered the filing of an FIR against Union Petroleum Minister M. Veerappa Moily, former Minister Murli Deora, Reliance Industries Ltd. (RIL) chairman Mukesh Ambani and former Director General of Hydrocarbons V.K. Sibal for alleged collusion in fixing natural gas price through hoarding in the KG basin D-6 block.

Acting on a 100-page “common complaint” by former Cabinet Secretary T.S.R. Subramanian, former Navy Chief Admiral R.H. Tahiliani, Supreme Court lawyer Kamini Jaiswal and former Expenditure Secretary E.A.S. Sarma, the Chief Minister instructed the government’s Anti-Corruption Branch to probe the matter under relevant provisions of the Prevention of Corruption Act.

The move drew an immediate response from Mr. Moily, who said the Chief Minister did not know how the government functions and that fixing of prices of petroleum products was done on expert advice. Describing the decision as shocking, RIL said the complaint and each of the allegations on the basis of which the government had taken action were “completely baseless and devoid of any merit or substance whatsoever.”

The allegations include inflating gas prices much above the cost of production and keeping production much below the capacity to seek upward revision. Quoting the complaint, Mr. Kejriwal also questioned the need to fix gas prices in U.S. dollars when the entire production was being consumed internally.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.