No immediate hike in domestic coal prices despite global spiral

Coal India Ltd is not looking to revise prices of coal as of now despite a widening of the gap between the domestic and international prices of the fuel, an official source told FE. The state-run company’s decision to refrain from seeking higher margins at this juncture augurs well for the power sector and consumers of electricity, and may also tend to have stabilising effect on fuel inflation.

“The revision of prices is not on the card as of now. Everything has to be taken into consideration like electricity prices and the economy before we consider revising prices,” the source said.