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FM hints at subsidised gas rates for power, fertiliser units

A day after deciding to nearly double natural gas prices to USD 8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.

CCEA defers decision on natural gas price hike

The Oil Ministry had moved a note for raising gas prices to USD 6.775 per million British thermal unit for consideration of the CCEA.