Govt plans to link coal prices to calorific value

The government is planning to link domestic coal prices to the gross calorific value of the product, a step which may lead to an increase in prices of the fuel, a senior coal ministry official said today.

“Coal India is already trying this experiment in two of its coal fields. It (the move) will narrow down the range of offerings and may lead to increase in prices,” Alok Perti, additional secretary in the coal ministry, said.

Coal India Chairman Partha S Bhattacharyya said the change was aimed at making the pricing and distribution of coal more transparent and user-friendly.