RIL, Essar take fuel battle against OMCs to tribunal
Forced to scale down petroleum retail operations, Reliance Industries Ltd and Essar have taken their predatory pricing complaint against government oil marketing companies (OMCs) to the Appellate Tribunal for Electricity.
In July, the PNGRB (petroleum and natural gas regulatory board) had dismissed a plea of these private fuel retailers against government oil marketing companies. Though the two companies are pursuing the case, Shell India has decided to withdraw.
Publication Date:
20/08/2012