Petroleum & Natural Gas Minister Murli Deora today introduced the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Amendment Bill, 2010, in the Lok Sabha.
The Bill proposes to amend Sections 15 and 16 of the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962, to strengthen the enforcement mechanism and penal provisions more stringent for pilferage of crude oil and petroleum products.
Since crude oil and petroleum products are very costly, any spillage is a financial loss to the company, besides being a disruption in the supply of crude oil or finished products, damage to cultivable soil, as well as loss of life and property, in case of a fire, etc. Despite regular patrolling and inspection of the pipelines, incidents of pilferage and sabotage by anti-social elements have been frequent in case of various pipelines.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app