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HomeNationalRetail price of flour increased by 19 percent in last one year,...

Retail price of flour increased by 19 percent in last one year, rice prices also increased by 8 percent TAZAA News

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Retail and wholesale price data collected from across the country by the Ministry of Consumer Affairs shows that the retail prices of wheat have also increased by 14 per cent. At the same time, the price of pipeline gas and CNG is likely to increase after the record increase of 40 percent in the price of natural gas in the country, which have increased by more than 70 percent in the last one year.

(Photo: Reuters)

New Delhi: According to government data, the average retail prices of rice, wheat and flour have increased by 8 to 19 per cent in the last one year.

The Times of India, quoting government data, says that the highest increase has been in the prices of flour (wheat flour). The retail price of flour on Thursday was Rs 36.2 per kg, which is about 19 per cent higher than last year.

Retail and wholesale price data collected from across the country by the Ministry of Consumer Affairs shows that the retail prices of wheat too have increased by 14 per cent, from Rs 27 per kg a year ago to Rs 31 per kg on Thursday.

Similarly, the average retail price of rice has reached Rs 38.2 per kg, an increase of about 8 per cent in the last one year.

The increase in food prices was also mentioned in the speech of Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday. He had said that food inflation could have an adverse impact on inflation expectations.

It has been told that in view of the pressure of inflation, the central government has extended the PM Garib Kalyan Anna Yojana (PMGKAY) till December on Wednesday.

Meanwhile, the Food Ministry on Friday said that the Food Corporation of India (FCI) has sufficient stock of food grains to meet the requirements of the National Food Security Act (NFSA).

Natural gas price hiked by 40 percent, expensive Hoji CNG, PNG

On the other hand, natural gas prices were hiked by a record 40 per cent on Friday, coupled with a jump in energy prices globally. Due to this, the gas used for power generation, fertilizer making and driving vehicles is expected to become expensive in the country.

According to an order issued by the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry, the rate to be paid for gas produced from old gas fields has been increased from the current $6.1 per million British thermal unit (MBtu) to $8.57 per MBtu. Has been done. At this rate, about two-thirds of the gas produced in the country will be sold.

According to this order, the price of gas extracted from difficult and new fields like D-6 block operated by Reliance Industries Limited and its partner BP Plc in KG basin has been increased from $9.92 to $12.6 per unit.

This will be the third increase in gas rates since April 2019.

Natural gas is a major raw material for making fertilizers as well as for generating electricity. It is also converted into CNG and also used as Piped Natural Gas (PNG) ie LPG.

The steep hike in rates is expected to push up the prices of CNG and PNG, which have already risen by over 70 per cent in the past one year.

The government fixes gas prices every six months i.e. on April 1 and October 1.

Higher gas prices may further increase inflation, which has been running above the RBI’s satisfactory level for the past eight months.

Sources said the increase in natural gas prices is likely to lead to a hike in CNG and LPG rates in cities like Delhi and Mumbai.

This will also increase the cost of generating electricity, but will not cause any major problems for the consumers as the share of electricity generated from gas is very less.

Similarly, the cost of production of fertilizers will also increase but due to the subsidy given by the government, the rates are unlikely to increase. However, this decision is likely to increase the income of the producers.

(with input from news agency language)

Categories: india special society

Tagged as: Governor Shaktikanta Das, Inflation, Ministry of Consumer Affairs, Natural Gases, News, Price Hike, Retail Price, rice, The Wire Hindi, Wholesale Price

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