Ummid Assistant

Applications open for Manmohan scholarship at Cambridge

Opportunities for Indian students in US

Welcome Guest! You are here: Home » National

Competition watchdog to probe petrol price fixing

Saturday March 16, 2013 09:40:09 PM, IANS

Related Article

Petrol prices cut by Rs.2 a litre

Petrol prices have been cut by Rs.2 per litre effective midnight Friday, state-owned Indian Oil Corp (IOC) announced. The prices of the fuel effective March 16 will be Rs.68.34 in Delhi,  »

I

New Delhi: The Competition Commission of India (CCI) said Saturday it would shortly finalise the probe into alleged fixing of petrol prices by cartelisation among oil marketing companies (OMCs).

"We are in the process of finalising the probe very soon. We are in the process of sending them (OMCs) an order which will ensure that there is investigation to see what is happening in terms of petrol prices," CCI Chairman Ashok Chawla told mediapersons here on the sidelines of a seminar organised by industry body Assocham.

The CCI, which is empowered to ensure fair trading practices, had written to the oil ministry on the issue, but the latter said it had no role in deciding the price of petrol as it was a deregulated product.

State-run OMCs Indian Oil, Bharat Petroleum and Hindustan Petroleum have virtual monopoly on crude oil imports and on the distribution of petroleum products.

On the issue of state miner Coal India's alleged abuse of its near-monopoly position, Chawla said the CCI had received the investigation report from its director general.

"The Commission as a whole will look at the matter and then take a decision," Chawla said.
 



 




 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

More Headlines

More Muslims join chorus against lower consensual sex age

Afzal hanging pits Jammu against Kashmir

National Conf. on ‘Unpacking 12th Plan (Minorities Chapter)’ on Mar 17

Congress government in Andhra survives no-trust motion

Cricketer Irfan Pathan invites Narendra Modi for brother's marriage

European Research Council eyes Indian scholars

Meteorite that hit Russia millions of years old

50% mobile users in India vulnerable to cyber-crime: Report

Karunanidhi warns of pulling out of government over Sri Lanka

SEBI seeks arrest of Sahara chief Subrata Roy

 

Top Stories

India Pakistan

Lok Sabha rejects Pakistan Parliament resolution on Afzal Guru

The Lok Sabha Friday passed a resolution rejecting a motion of the Pakistan National Assembly attacking the hanging of Indian  »

India acts tough, cancels hockey series with Pakistan

Return Afzal Guru's body to kin: Pakistan lower house

 

  Most Read

Row over Language

Controversial UPSC notification put on hold

The government Friday put on hold a controversial notification making proficiency in English a requirement for aspirants of the Indian Administrative Service (IAS) as most Lok Sabha members opposed it.  »

Marines issue

Airport alert for Italian envoy

In an unprecedented move, India Friday put airports across the country on alert to prevent Italian Ambassador Daniele Mancini from leaving the country as per the apex court's orders. The government   »

Italian ambassador restrained by Supreme Court from leaving India

 

  News Pick

SEBI seeks arrest of Sahara chief Subrata Roy

Market regulator Securities and Exchange Board of India (SEBI) Friday moved the Supreme Court seeking the arrest and imprisonment of Sahara  »

Cricketer Irfan Pathan invites Narendra Modi for brother's marriage

After springing surprise by sharing stage with controversial Gujarat Chief Minister Narendra Modi at his election rally in December, cricketer Irfan Pathan met him on Friday and invited  »

More Muslims join chorus against lower consensual sex age

Three leading Muslim groups are against the government decision to lower the age for consensual sex, saying it will  »

'Lowering consensual sex age limit will lead to sexual anarchy'

India clears 63 FDI proposals in single brand retail

The Indian government has cleared 63 proposals for foreign direct investment (FDI) in single brand retail since the measure was allowed last year  »

 

Picture of the Day

Delhi Chief Minister Sheila Dikshit inaugurating the Islamic calligraphy exhibition at M.F. Husain Art Gallery at Jamia Millia Islamia in New Delhi.

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2012 Awaz Multimedia & Publications. All rights reserved.