Gas competition

Vol 15, PW 15 (09 Feb 12) News in Brief
     

Nearly 400 Surat cloth mills are set to appeal the Competition Commission of India’s (CCI’s) decision to clear BG and its south Gujarat retailer Gujarat Gas of ‘monopoly’ charges.

PETROWATCH learns cloth mill owners are expected to file a complaint with the appellate tribunal of the CCI on February 10. India’s fair-play watchdog CCI previously issued a three-page order on January 17, dismissing all charges of “abuse of monopoly and dominant” position against BG and Gujarat Gas.

This followed a 600-page complaint by the cloth mill owners who accused Gujarat Gas of reaping ‘windfall profits’ by inflating gas selling prices and creating ‘artificial gas scarcity.’ An angry textile factory owner says the CCI has “failed” to properly consider all the data and documents submitted as evidence against Gujarat Gas.

“It is the duty of the CCI to initiate a thorough investigation,” he adds. In addition to the CCI appellate tribunal, the cloth mill owners also plan to complain to India’s gas regulator S.

Krishnan.

LNG Summit