India Ratings & Research (Ind-Ra) estimates the fuel cost per unit for natural gas based power generation to increase by 56 percent to INR3.41/kWh, if domestic gas prices were to increase to USD6.775/mmbtu from the current USD4.2/mmbtu.
The Cabinet Committe on Economic Affairs will decide on the prices of natural gas; the first time in three years, in its meeting scheduled for tomorrow.
The C Rangarajan Committee‘s recommendation of indexing domestic gas price with international rates is well balanced , says RS Sharma, former chairman and managing director, ONGC.
Rangarajan panel has come out with sugar decontrol report. The panel has recommended revenue sharing mechanism where the ratio of sugar cane producers to sugar mills will be 70:30.