Saturday, 05 November 2011: Flaying the frequent hike in
petrol prices, the Kerala high court on Friday said Central and state
governments cannot “wash their hands” off and directed the Indian Oil
Corporation and Reliance Petroleum to produce their balance sheets and
quarterly reports before it in three weeks.
Within the last one year, there had been a 40 per cent hike
in petroleum prices, causing immense hardhship to the common man, a division
bench, comprising acting Chief Justice C N Ramachandran Nair and Justice P S
Gopinathan, said in oral observations.
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