On gas price pooling, power minister Piyush Goyal says that the government will have to work out the economics and though the idea is under consideration, it has very small significance in the overall scheme of things.
Power Minister Piyush Goyal met Oil Minister Dharmendra Pradhan to chalk out the rescue package that may involve rescheduling of loans to power companies as well as making available fuel at affordable price through means like pooling of average cheaper domestic gas price with costly imported LNG.
It is understood that the Cabinet Committee on Economic Affairs (CCEA) might take the final decision on the gas price hike reports CNBC-TV18‘s Siddharth Zarabi.
The Power Ministry has said that gas price pooling will increase the price of fuel by anything between 50-300 percent and has hence rejected it.