Petrol, diesel price hike to impact coal production cost: Govt

Last Updated: Monday, March 4, 2013 - 15:54

New Delhi: The government on Monday said the hike in petrol and diesel prices will impact the cost of coal production in the country.

To a query on whether the petrol/diesel price rise will impact the cost of coal production, Minister of State of Coal Pratik Prakash Bapu Patil in a written reply to Rajya Sabha said: "Yes".

Petrol price was hiked by Rs 1.40 per litre, while diesel prices for bulk consumers like Railways was increased by almost Re 1 per litre last week.

Coal India (CIL), which accounts for over 80 percent of the domestic coal production, had earlier said that hike in diesel prices will put an additional burden of Rs 600 crore per annum on the PSU firm in the production of the fuel.

Replying to another query, Patil said that a total of "187 forest clearance proposals (of Coal India)...Are awaiting clearances at various levels and a total of 58 environmental clearance proposals... Are awaiting clearances at various level".

CIL, which missed its revised production target of 447 million tonnes (MT) last fiscal, has a number of its projects awaiting clearances from the Environment Ministry.


First Published: Monday, March 4, 2013 - 15:54

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