Briefly Business: FinMin bats for cap on gas price hike

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SummaryMinistry said a ceiling on the gas price is necessary to protect the interests of government/consumers.

New Delhi: The finance ministry has pitched for a limit to which natural gas rates can be increased following a new pricing formula that will come into effect from April 1. The ministry said a ceiling on the gas price is necessary to protect the interests of government/consumers in case of an unreasonable upswing in the prices, sources said.

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