Strongly protesting against the union cabinet approval to hike natual gas price, Tamil Nadu Chief Minister J Jayalalithaa said the move will benefit only a particular company and argued against the "artificial pricing" mechanism for domestic gas production."

"Natural resources like gas are not the private property of anybody and belong to the people of India. They are the original owners of it. Swindling of such resources in the name of government policies cannot be allowed," she said in a statement here.

Despite opposition, the Congress-led UPA Government had approved doubling of natural gas price from the present $4.2 mmBtu to $8.4 mmBtu from April 1, 2014. Read More