Power tariff to rise by Re 1 per unit

Last Updated: Thursday, May 20, 2010, 23:48

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Tags: Sushilkumar Shinde, Electricity bill, Gas

New Delhi: Power Minister Sushil Kumar Shinde on Thursday said that power tariff would go up by about Re 1 per unit (kwh) owing to the government's decision to hike gas prices last evening.

"The power tariff would go up. We have not worked out the details, but it is likely to be about Re 1 per unit," Shinde told reporters on the sidelines of a FICCI event.

Power tariff is regulated by the Central Electricity Regulatory Commission (CERC).

Yesterday, the government had raised natural gas prices by more than double -- to USD 4.20 per mmBtu.

The Cabinet also hiked the price of gas sold to power, fertiliser and city gas projects from Rs 3,200 per thousand cubic metres (USD 1.79 per million British thermal unit) to Rs 6,818 per thousand cubic metres (USD 3.818 per mmBtu), Information and Broadcasting Minister Ambika Soni said in a cabinet briefing.

The new gas rate would result in 2.75 percent increase in power tariff on an overall basis, and up to 20 percent hike in the price of compressed natural gas (CNG) for automobiles.

CNG currently costs Rs 21.90 per kg in Delhi.

PTI

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First Published: Thursday, May 20, 2010, 23:48

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angry indian - india
well its sure that the congress govt doesnot care about the people ! every where there is an uncontrolable price rise & this was the last sector wherein one expected a hit in pockets. instead of controling the fuel / gas prices govt has failed to control even the domestic produce of cng from kg basin. why are we aligning domestic produce of gas with international prices !?? this is just another pocket emptying exercise for poor people of india.

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RAMBO - MUSCAT
power minister sushil kumar shinde once home minister of india we know how and why he was removed from his position of home minister what else can we expect from him.