The Centre has directed states to prevent small coal retailers from profiteering from the West Asia crisis, as global energy disruptions threaten to ripple into domestic fuel markets.
Talking with reporters on the sidelines of an event here, Coal and Mines Minister G Kishan Reddy said, “Our secretary (coal) has talked to Chief Secretaries of all states. I have written letters to Chief Ministers yesterday. There is no coal shortage and there is no scope for an increase in domestic coal prices”.
The minister further said that if coal prices increase, it is the responsibility of the state governments to take action.
“We have asked states to keep an eye on coal prices and not let the retailers of coal profit from the ongoing crisis..
The Prime Minister has clearly instructed that coal prices should not increase, and therefore the government has taken proactive measures.
“No decision has been taken on increasing coal prices. Coal prices should not increase,” the minister explained.
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