26 September, 2020

Private And Profiteering

The decision to nearly double the natural gas prices will have a spiralling effect on consumer prices

Private And Profiteering
outlookindia.com
-0001-11-30T00:00:00+05:53

What Will Every Dollar Increase In Gas Price Mean For You?

  • Rs 2.5 per kg CNG used for public transport  
  • Rs 2 per standard cubic metres Piped gas to your kitchen  
  • 35–40 paise per kilowatt Electricity price  
  • $20 or Rs 1,200 per tonne Fertiliser price for farmers 

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A t a time when prices of vegetables have suddenly gone beyond control, and food inflation has remained a matter of concern for over four years now, the decision of the CCEA to nearly double the natural gas prices will have a spiralling effect on consumer prices. Although finance minister P. Chidambaram has hinted that the supply of natural gas to electricity and fertiliser plants may be subsidised to keep the prices low, raising the natural gas prices and then subsidising its supply will only add to the burgeoning fiscal deficit.

Some estimates have...

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