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Coal India’s new pricing may raise fuel cost, consumers complain | The Economic Times

Coal India’s new pricing system may raise fuel costs because the monopoly would end up charging for moisture content in consignments, its consumers have complained. But executives of the state-run miner said the new pricing would make an insignificant difference.

Coal IndiaBSE 2.94 % called consumers for a meeting to apprise them of its new pricing policy that would be implemented from April 1. The miner has been working on the new mechanism, which it says is a transparent system where consumers would only pay for the quality they receive. Under the proposed policy, Coal India will migrate to a system where prices would be determined on the basis of paisa per unit of energy for different grades of coal sold from April 1.

Coal India chairman Gopal Singh said the new system will bring in transparency and consumers would pay for what they receive in terms of quality.

The grading system based on total energy content per kilogram remains, but the price of each consignment will be determined by a rate fixed for each unit of energy for that particular grade and the total energy contained in one kilogram of coal for the consignment.

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coal india pricing policy: Coal India’s new pricing may raise fuel cost, consumers complain – The Economic Times.