The Supreme Court on Monday lashed out on Kerala government for granting life long pension to the employees and persona staff of Ministers.Kerala State Road Transport Corporation (KSRTC) had filed a writ petition challenging decisions made by the state owned oil marketing companies to increase fuel prices sold to bulk purchasers.
The write petition was filed seeking directions to the Union of India to set up an Independent Statutory Regulatory Authority headed by a retired judge of the Supreme Court of India as Chairperson to ensure protection of consumers interest as intended under the act.
The bench of Justices Abdul Nazeer and Krishna Murari rejected the plea granting liberty to KSRTC to approach the High court.
Senior Advocate V Giri, appearing for the corporation submitted that the corporation was being charged above the market rate. And there was a difference of ₹7 per litre, even after there is an agreement.
Advocate Biju Raman and Advocate Deepak Prakash had filed the writ petition which stated that the corporation is already suffering exponential crisis year after year and it is on the verge of being shut down.
“The average consumption of diesel by the Petitioner Corporation is around 4,10,000 litres per days. The decision of the State-owned OMCs to increase the fuel price of bulk purchase of diesel will result in an approximate accumulated loss of around ₹19,00,000/- which will add to the currently persisting acute financial crisis being suffered by the petitioner and lead the corporation to stop functioning.”
The plea further stated that the central government has passed the buck to the OMC to fix the price without any timely intervention by introducing petrol price deregulation. The helpless consumers are forced to bear the burden of price rise in the absence of any regulatory check.
The court declined to entertain the plea but on the other hand granted liberty to the corporation to move to the Kerala High Court.