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Govt to help power & fertiliser sectors cope with gas price hike, says FM

By Religare
|

The finance minister P Chidambaram on Friday said the government would consider helping the power and fertiliser industries to cope with the doubling of domestic gas prices from April 1.

The FM statement came in wake of gas price hike by the government on late Thursday. The Cabinet Committee of Economic Affairs (CCEA) gave nod to raise gas prices to USD 8.4/mmbtu, effective April 2014, for a period of five years.

 

"The power and fertiliser ministries have raised the issue. We can look at fixing the input costs for these sectors. The issues will be addressed in course of time," Finance Minister told media.

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Story first published: Friday, June 28, 2013, 22:50 [IST]
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