Price fixing of petro products done as per expert advice: Veerappa Moily

The Minister said India is importing 73 to 75 per cent of the petroleum product, which requires more than USD 165 and 170 billion.

New Delhi | Updated: February 11, 2014 2:06 pm
The Minister also said he took special interest to ensure that the CNG and PNG prices are reduced. (PTI) The Minister also said he took special interest to ensure that the CNG and PNG prices are reduced. (PTI)

Rejecting Arvind Kejriwal’s allegation on gas pricing issue, Petroleum Minister M Veerappa Moily on Tuesday hit back at the Delhi Chief Minister and said that price fixing of petroleum products is done as per expert advice.

The Minister also said he took special interest to ensure that the CNG and PNG prices are reduced.

“I think I should sympathise with his ignorance. He should know how the government functions, how these things are done…I took special interest to ensure that the CNG and PNG prices are reduced. You should know that,” Moily said.

He was reacting to Kejriwal’s announcement that Delhi Government would file criminal case against former Petroleum Minister Murli Deora, Veerappa Moily, industrialist Mukesh Ambani and others on gas pricing issue.

Kejriwal said the Anti Corruption Branch (ACB) of Delhi Government has been asked to probe the matter based on a complaint filed by former Cabinet Secretary TSR Subrmanian, former Navy Chief Admiral Tahiliani and eminent lawyer Kamini Jaiswal besides a former Expenditure Secretary.

“It is not the question of Mukesh or Deora….There should be a certain system for fixing the prices. I think nothing is done without expert advise and also with regard to the availability,” Moily said.

He said, “Kejriwal thinks that we can take out oil just like taking water from a well in a bucket.”

“We can not take the oil like that,” he said.

The Minister said India is importing 73 to 75 per cent of the petroleum product, which requires more than USD 165 and 170 billion.

“If he (Kejriwal) can give some money, I think we will be very happy to reduce the prices,” Moily said.

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  1. C
    Chandan Bhowmick
    Feb 11, 2014 at 1:24 pm
    IN DELHI PETROLIUM PRODUCT IS CHEAPER THAN MOST OF THE STATES WHICH MEANS LESS REVENUE FOR DELHI GOVT .THE GAP USE TO BE COMPENSATED BY CENTRAL GOVT WHICH MEANS A PART OF TAX COLLECTION BEING PAID TO DELHI GOVT TO KEEP PETROL PRICE LOWER THAN MANY STATES.THIS IS NOT FAIR .LET DELHI GOVT COMPENSATE FROM THEIRREVENUE COLLECTION
    Reply
    1. C
      Chandan Bhowmick
      Feb 11, 2014 at 1:24 pm
      IN DELHI PETROLIUM PRODUCT IS CHEAPER THAN MOST OF THE STATES WHICH MEANS LESS REVENUE FOR DELHI GOVT .THE GAP USE TO BE COMPENSATED BY CENTRAL GOVT WHICH MEANS A PART OF TAX COLLECTION BEING PAID TO DELHI GOVT TO KEEP PETROL PRICE LOWER THAN MANY STATES.THIS IS NOT FAIR .LET DELHI GOVT COMPENSATE FROM THEIRREVENUE COLLECTION
      Reply
      1. R
        rsm
        Feb 13, 2014 at 3:52 am
        Kejriwal is IIT Mech. Verappa Moily is teaching him where oil comes from !
        Reply
        1. S
          Shyam
          Feb 12, 2014 at 5:26 pm
          Is Veerappa Moily thinking of contracting water to Reliance? We all know history of Reliance for its corrupt practices. Can't we nationalise such corrupt companies?
          Reply
          1. S
            Shyam
            Feb 12, 2014 at 5:26 pm
            Is Veerappa Moily thinking of contracting water to Reliance? We all know history of Reliance for its corrupt practices. Can't we nationalise such corrupt companies?
            Reply
            1. F
              felix
              Feb 11, 2014 at 9:24 am
              tell moily who are those experts and whose advise youkick the poor man's belly
              Reply
              1. M
                Mahi Kumari
                Feb 11, 2014 at 9:45 am
                "Jack of All Master of None." this apply correctly on Aam Aadmi Party's Arvind Kejriwal. He is trying to divert the attention of people from his failures.Putting his nose every where. So far he has proved ultra failure. What about Bijli/Panni.He should know the international price of gas before commenting.Better resign & start drama company,for which he is most fit.
                Reply
                1. M
                  Mahi Kumari
                  Feb 11, 2014 at 9:46 am
                  AAP's Arvind Kejriwal just wants to remain in news ,we all should know that the case regarding gas pricing is already in supreme court .he just thinks all people are fool. Lot of people are made fools as they don't watch the real news ,they just go by headlines and feel happy that AK is doing something, even-though Ak is re-instating that is already in legal process in SC. Ak doesn't do what is his role of CM, rather he smartly play blame-and-run.
                  Reply
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