Gas price hike could hit fert subsidy plan

Feb 11 2013, 00:39 IST
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fertilizer subsidy plan fertilizer subsidy plan
SummaryThe C Rangarajan committee’s proposal to nearly double the domestic price of natural gas, if implemented, could adversely affect the government’s subsidy reduction plan and make the new urea investment policy “redundant”, is the thinking at the ministry of chemicals and fertilisers.

plan & make urea investment policy redundant, feels ministry of fertilisers

* Gas price, if increased, would be around $8 per mmBtu (exclusive of transportation and marketing) against $4.20

* The ministry has estimated that a $4/unit hike in gas price would push up the cost of urea by R5,200/tonne

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