Polypropylene prices have been hiked by 6 per cent over last fortnight's prices from Rs 32,700 per tonne on May 1 to Rs 34,700 per tonne as on May 15.Prices of Poly Vinyl Chloride (PVC) have been revised upwards by 8 per cent over May 1 prices to Rs 34,500 per tonne and by 19 per cent compared to Rs 29,035 per tonne on April 1, 1999.

Prices of polyethylene and polypropylene have also grown steadily from Rs 36,200 per tonne and Rs 29,900 per tonne respectively on April 1. RIL has gone in for an across-the-board hike in prices of fibre intermediates and polymers on May 1 due to increase in prices of imported products. The prices of purified terepthalic acid were increased from Rs 1.50 perkg to Rs 24 per kg and that of mono ethylene glycol (MEG) by Rs 1.50 to Rs 22.5 per kg.

HCstrikes down plea against Reliance Petro

A division bench of the Gujarat high court dismissed two petitions challenging the validity of permissions granted to Reliance Petroleum Ltd (RPL), Jamnagar to construct a pipeline from Single Buoy Mooring (SBM) to the RPL refinery.

The petitions, filed as public interest litigations, were submitted to the Gujarat High court since the Supreme Court had earlier dismissed the petitioners' Special Leave Petition (SPL). However, the supreme court had permitted the petitioners to challenge an authorisation given by the Gujarat government to the chief Wild Life Warden to grant permission to set up the pipeline, according to a RIL release.