MUMBAI (Reuters) - The Election Commission of India has asked the government to defer a proposal to hike gas prices, which was set to come into effect from April 1, ahead of the next month's election.
The young anti-graft Aam Aadmi Party (AAP) party had written to the election commission asking it to put on hold a decision by the federal cabinet on the gas price hike ahead of the national election, local media reported.
In a letter to the petroleum ministry secretary, the commission said on Monday that it had decided the proposal could be deferred, without elaborating.
In June last year, India approved a shift to higher, market-related rates for locally produced gas from April 1, in a move that was seen positive for companies including Reliance Industries Ltd .
(Reporting by Sumeet Chatterjee; editing by Jane Baird)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app