Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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</span></span></code>
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-The Hindustan Times
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&lt;br /&gt;
Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels.
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The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry&#039;s proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister&#039;s economic adviser C Rangarajan. 
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
This will be the first revision in gas prices in three years and will be effective for five years.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.
&lt;/p&gt;
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Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.
&lt;/p&gt;
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While the cost of gas-based electricity generation is estimated to go up by around 60%, it is estimated that the overall impact on power generation will be around 20 to 25 paise per unit.
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The revision in the price of gas produced in India from the current $4.2 per unit was bitterly opposed by user ministries of power and fertilisers as well as opposition Left parties who saw the move as helping some giant private companies. However, the petroleum and natural gas ministry has reasoned that the increase in gas price was needed to incentivise gas exploration in the country.
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		&#039;credit_writer&#039; =&gt; &#039;The Hindustan Times, 27 June, 2013, http://www.hindustantimes.com/business-news/WorldEconomy/Natural-gas-price-doubled-may-trigger-price-rise/Article1-1083536.aspx&#039;,
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push...&#039;,
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry&#039;s proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister&#039;s economic adviser C Rangarajan. 
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This will be the first revision in gas prices in three years and will be effective for five years.
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But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.
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Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.
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-The Hindustan Times



Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push..."/>
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                <strong>Natural gas price doubled, may trigger price rise -Anupama Airy</strong></h1>
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                <div align="justify">-The Hindustan Times</div><p align="justify"><br />Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.</p><p align="justify">On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels.</p><p align="justify">The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry's proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister's economic adviser C Rangarajan. </p><p align="justify">This will be the first revision in gas prices in three years and will be effective for five years.</p><p align="justify">The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India.</p><p align="justify">But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.</p><p align="justify">Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.</p><p align="justify">While the cost of gas-based electricity generation is estimated to go up by around 60%, it is estimated that the overall impact on power generation will be around 20 to 25 paise per unit.</p><p align="justify">The revision in the price of gas produced in India from the current $4.2 per unit was bitterly opposed by user ministries of power and fertilisers as well as opposition Left parties who saw the move as helping some giant private companies. However, the petroleum and natural gas ministry has reasoned that the increase in gas price was needed to incentivise gas exploration in the country.</p>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049f57cd299-trace').style.display = (document.getElementById('cakeErr68049f57cd299-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68049f57cd299-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049f57cd299-code').style.display = (document.getElementById('cakeErr68049f57cd299-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049f57cd299-context').style.display = (document.getElementById('cakeErr68049f57cd299-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68049f57cd299-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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-The Hindustan Times
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&lt;br /&gt;
Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels.
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&lt;p align=&quot;justify&quot;&gt;
The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry&#039;s proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister&#039;s economic adviser C Rangarajan. 
&lt;/p&gt;
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This will be the first revision in gas prices in three years and will be effective for five years.
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&lt;p align=&quot;justify&quot;&gt;
The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.
&lt;/p&gt;
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Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.
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While the cost of gas-based electricity generation is estimated to go up by around 60%, it is estimated that the overall impact on power generation will be around 20 to 25 paise per unit.
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The revision in the price of gas produced in India from the current $4.2 per unit was bitterly opposed by user ministries of power and fertilisers as well as opposition Left parties who saw the move as helping some giant private companies. However, the petroleum and natural gas ministry has reasoned that the increase in gas price was needed to incentivise gas exploration in the country.
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		&#039;credit_writer&#039; =&gt; &#039;The Hindustan Times, 27 June, 2013, http://www.hindustantimes.com/business-news/WorldEconomy/Natural-gas-price-doubled-may-trigger-price-rise/Article1-1083536.aspx&#039;,
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push...&#039;,
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry&#039;s proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister&#039;s economic adviser C Rangarajan. 
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But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.
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Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.
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Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push..."/>
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                <strong>Natural gas price doubled, may trigger price rise -Anupama Airy</strong></h1>
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                <div align="justify">-The Hindustan Times</div><p align="justify"><br />Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.</p><p align="justify">On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels.</p><p align="justify">The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry's proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister's economic adviser C Rangarajan. </p><p align="justify">This will be the first revision in gas prices in three years and will be effective for five years.</p><p align="justify">The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India.</p><p align="justify">But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.</p><p align="justify">Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.</p><p align="justify">While the cost of gas-based electricity generation is estimated to go up by around 60%, it is estimated that the overall impact on power generation will be around 20 to 25 paise per unit.</p><p align="justify">The revision in the price of gas produced in India from the current $4.2 per unit was bitterly opposed by user ministries of power and fertilisers as well as opposition Left parties who saw the move as helping some giant private companies. However, the petroleum and natural gas ministry has reasoned that the increase in gas price was needed to incentivise gas exploration in the country.</p>               </font>
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&lt;br /&gt;
Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels.
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The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry&#039;s proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister&#039;s economic adviser C Rangarajan. 
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This will be the first revision in gas prices in three years and will be effective for five years.
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The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India.
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But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.
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Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry&#039;s proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister&#039;s economic adviser C Rangarajan. 
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Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/natural-gas-price-doubled-may-trigger-price-rise-anupama-airy-21721.html"/>
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                <strong>Natural gas price doubled, may trigger price rise -Anupama Airy</strong></h1>
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                <div align="justify">-The Hindustan Times</div><p align="justify"><br />Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.</p><p align="justify">On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels.</p><p align="justify">The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry's proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister's economic adviser C Rangarajan. </p><p align="justify">This will be the first revision in gas prices in three years and will be effective for five years.</p><p align="justify">The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India.</p><p align="justify">But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.</p><p align="justify">Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.</p><p align="justify">While the cost of gas-based electricity generation is estimated to go up by around 60%, it is estimated that the overall impact on power generation will be around 20 to 25 paise per unit.</p><p align="justify">The revision in the price of gas produced in India from the current $4.2 per unit was bitterly opposed by user ministries of power and fertilisers as well as opposition Left parties who saw the move as helping some giant private companies. However, the petroleum and natural gas ministry has reasoned that the increase in gas price was needed to incentivise gas exploration in the country.</p>               </font>
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-The Hindustan Times
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels.
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The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry's proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister's economic adviser C Rangarajan. 
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This will be the first revision in gas prices in three years and will be effective for five years.
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The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India.
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But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets.
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Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.
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While the cost of gas-based electricity generation is estimated to go up by around 60%, it is estimated that the overall impact on power generation will be around 20 to 25 paise per unit.
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Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport.
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The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry's proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister's economic adviser C Rangarajan. 
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This will be the first revision in gas prices in three years and will be effective for five years.
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Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence.
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Natural gas price doubled, may trigger price rise -Anupama Airy

-The Hindustan Times Biting the bullet on a tough reform measure, the government on Thursday took a politically sensitive decision to double natural gas prices to $8.4 (about Rs. 510.13) per unit from April 1 next year. This move will push up the price you pay for everything from food items to public transport. On the positive side, the decision is expected to attract foreign investors in the energy sector as the local prices align closer to global market levels. The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Manmohan Singh approved the petroleum ministry's proposal to price all domestically produced natural gas under a new formula suggested by a panel headed by Prime Minister's economic adviser C Rangarajan. This will be the first revision in gas prices in three years and will be effective for five years. The new gas pricing policy will substantially push up profits of gas producers in India including the likes of Reliance, ONGC and Oil India. But, it will have a knock-on effect on household budgets as refiners draw out more from consumer wallets. Nearly everything that guzzles natural gas will become costlier. Vehicles that run on compressed natural gas will make public transport dearer, while electricity bills will edge up because some power generation units use natural gas as feedstock. Steel, cement and paints will turn costlier as a consequence. While the cost of gas-based electricity generation is estimated to go up by around 60%, it is estimated that the overall impact on power generation will be around 20 to 25 paise per unit. The revision in the price of gas produced in India from the current $4.2 per unit was bitterly opposed by user ministries of power and fertilisers as well as opposition Left parties who saw the move as helping some giant private companies. However, the petroleum and natural gas ministry has reasoned that the increase in gas price was needed to incentivise gas exploration in the country.