Kochi: The Kerala High Court on Tuesday declined to stay the state-owned oil companies’ (OMCs) decision to hike price of bulk diesel purchases or restrict them from further increasing the rates, but asked them to explain the manner in which their pricing mechanism worked.
The order of the high court came on a plea by Kerala State Road Transport Corporation (KSRTC) challenging the OMCs decision to charge a higher rate from bulk purchasers of diesel as compared to retail prices of the fuel.
