Diesel price hike will rid India of under-recovery soon: Montek Singh Ahluwalia
PTI: New Delhi, Feb 07 2013, 15:14 IST
government is exploring potential such as shale gas, though the initial assessment has not been very good.
Emphasising on the need for raising domestic fuel prices, he said diesel, liquefied petroleum gas (LPG), coal and natural gas are under priced in India.
"Indian coal is under-priced, some part of coal is sold through auction and the auction price is 30-40 per cent higher. If this under-pricing is not altered then...incentives
to invest have to be maintained by giving budgetary sops which is simply not feasible."
He also said India has a lot of potential for solar and wind energy and integrating supplies to the grid require a complex activity.
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