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Govt hiked gas price to hit power, fertiliser firms
June 28, 2013June 28, 2013by In Oil & Gas

Govt hiked gas price to hit power, fertiliser firms

As the Union government hiked gas price on June 28 will benefit a lot the government-owned Oil and Natural Gas Corp (ONGC) and private major Reliance Industries (RIL), power and fertiliser companies will see their fuel costs shooting up substantially. As the power industry, a major consumer of natural gas, operates on the principle of pass-through of fuel costs to consumers, Indian consumers will have to shell out more for electricity, say analysts.