Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the price-pooling mechanism should be adopted for fuel supply to power firms but solution to some of the issues involved could take some time.
“We must move to system of price pooling for fuel,” Ahluwalia said addressing the India Energy Forum. He said efforts for price pooling are underway and “I am told it would be done by the end of this year.
To offset the impact of high import costs, the Planning Commission said that Coal India Ltd. (CIL) should adopt a pooling formula on prices by combining rates of imported and domestic coal.
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