Sugar prices likely to be hiked today

September 24, 2012 16:42

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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