Natural gas price revised by 45 days due to next month’s assembly elections
Government deferred an increase in natural gas price for a third time in view of next month's assembly elections in Maharashtra and Haryana
New Delhi: Government deferred an increase in natural gas price for a third time in view of next month’s assembly elections in Maharashtra and Haryana, oil minister Dharmendra Pradhan said on Thursday.On Wednesday, the CCEA had deferred a decision on revising natural gas prices by 45 days to November 15. “It was done due to elections,” Mr Pradhan said when asked for the reasons for the deferment.
He, however, did not say if the decision was postponed because of model code of conduct being in place or to avoid the fallout of the price increase on power tariff and CNG rates.
Every dollar increase in gas price will lead to a Rs1,370 per tonne rise in urea production cost and a 45 paise per unit increase in electricity tariff (for just the 7 per cent of the nation’s power generation capacity based on gas). Also, there would be a minimum Rs 2.81 per kg increase in CNG price and a Rs 1.89 per standard cubic metre hike in piped cooking gas.
Assembly elections to the 288-member Maharashtra Assembly and 90-seat Haryana Assembly will be held on October 15 and counting will take place on October 19. Apart from these states, bypolls will be conducted on the same day for five assembly seats in five states Arunachal Pradesh, Manipur, Nagaland, Uttar Pradesh and Gujarat. Byelections for two Parliamentary constituencies will also be held on October 15.
( Source : PTI )
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