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Sugar prices likely to be hiked today
September 24, 2012
Focused on reducing its subsidy bill, the government will
discuss at a Cabinet meeting today whether the price of sugar sold at
ration shops can be hiked by a whopping Rs 10 a kg. If approved, it will be the first hike in 10 years, reports NDTV.
The price of sugar available through the Public Distribution System or ration shops is Rs 13.50 and has not been increased since March 2002.
But, huge political opposition and the timing, just before the
festival season, will make this a difficult decision to push even in
reforms season.
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