Fertiliser, power units may get some relief

Written by fe Bureau | Updated: Jun 29 2013, 09:49am hrs
Finance minister Fertiliser, power units on Friday said that Thursdays Cabinet decision to double the price of gas could be followed by an effort to moderate input costs of power and fertiliser units, reports fe Bureau in New Delhi. This has caused some analysts to speculate that the minister might be hinting at a small subsidy component financed out of incremental government revenues from the price hike, estimated at close to $2.5 billion by some. Sources, however, said no such mechanism was being considered, but said a plan was before the Cabinet to apportion the cost of LNG imports equitably between consumers.