Govt’s Fertilizer Subsidy Bill Will Go Up By 10K Cr If Ranga Panel’s Formula Gets Nod

Power tariff from gas-fired plants could jump by Re 1 per unit and the government’s annual fertilizer subsidy would rise by Rs 10,000 crore if the price of fuel pumped from domestic fields is doubled to $8.8 per unit in line with the formula suggested by a committee headed by PMEAC chairman C Rangarajan, the ministries of finance, power and fertilizer have said.