Who all will the natural gas price hike hit?

UPA govt bit the bullet and raised gas prices. And that is extremely bad news for people.

In a move that hopes to boost exploration and investor sentiment,the UPA government Thursday approved an increase in the price of natural gas effective from April 2014,in line with a complex pricing formula suggested by the Rangarajan Committee.

Here are the people who will suffer the consequences of the govt’s actions:

* The hike would directly impact over 21 lakh households using piped natural gas

* More than 17 lakh vehicles running on CNG

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* It would also jeopardize the economic competitiveness of more than 1,000 small and medium enterprise sectors

* The blow would be higher for 119 million farmers who would have to pay 65 per cent more for urea from Rs 5,360 per tonne to Rs 8,892 per tonne.

Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

Statehood protest takes violent turn in Ladakh, BJP office set ablaze in Leh

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Protests in Ladakh turned violent as students and youth organisations demanded statehood and Sixth Schedule status. Two elderly protesters fainted, prompting a shutdown call. A BJP office and security vehicle were set on fire. Activist Sonam Wangchuk urged for a peaceful approach. The demand for Sixth Schedule status is due to Ladakh's tribal-majority population and direct central administration.

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