Since the decision to double the prices of gas will become effective from April 1 this year, when the term of the UPA government would almost be over, it should have left the decision on gas prices to the next government and this hurry shows a malafide intention of helping this particular corporate house, the RIL.
The government decision to hike the gas price from existing $4.2 (Rs 262.25) per mmbtu (One million British Thermal Unit) to $ 8.4 (Rs 524.20) per mmbtu will make the gas prices in India one of the highest in the world.
The gas prices have been hiked with the sole intention of benefitting the RIL and no attempt was made to determine the cost of production independently and accurately.
To add to this fraud, there is no explanation as to why when the entire domestic production is consumed internally, then why are the prices fixed in US dollars ?
The government took no action against the RIL for its deliberate drop in production and ignored the CAG report and the then Solicitor General's opinion (in May 2012) and on the contrary accepted the RIL demand for doubling the gas prices from April 1 this year.
