1 min readNew DelhiJun 28, 2013 03:19 PM IST
First published on: Jun 28, 2013 at 03:19 PM IST
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
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.
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