Coal India (CIL) is planning for an increase in prices to balance
the impact of rising input costs, including price of diesel, and to achieve its
long-term objective of aligning prices to international levels.
Following the recent comment by Prime Minister on a phased rationalization
of fuel prices, an exercise is underway to study how much hike is a desirable, source in Coal India said.
On the other hand Coal India management remained silent on
the price hike.
But chairman-cum-managing director of CIL Mr. Narsing Rao dropped
a hint even as he clarified that no such proposal was considered at the board
meeting held recently.
“With the rise in diesel prices, our cost has increased. But
I can't comment anything on the issue (price hike),” he said.
According to Coal India officials, the price hike in diesel in
September had pushed up the company's cost by around Rs 550 crore.
Speaking on the issue, coal minister Mr. Sriprakash
Jaiswal also hinted at a revision and rationalization of coal prices, though he
ruled out any immediate hike in prices.
Sourced
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