Gas

Public sector gas price hike in pipeline
R. SURYAMURTHY
Boiling over

New Delhi, Dec. 24: The government is planning to increase the administered price of gas to $2.5 per million British thermal unit (mBtu) from $1.9, a move that will raise production costs of fertiliser and power units.

This is almost half of the floor price fixed by the government for gas produced by Reliance Industries from the Krishna-Godavari basin.

Officials said the petroleum ministry was considering the recommendations of the commerce ministry’s Tariff Commission, which has favoured an increase in the price of gas. The issue could come up before the cabinet in early January.