State-owned Coal India Limited (CIL) is likely to increase the price of coal, following the increase in clean energy cess in the Budget and the recent increase in fuel price. The CIL board is likely to take up the issue in the first week of August, when it would meet to consider the first quarter results. In the Budget, FM Arun Jaitley proposed to double the clean energy cess to Rs 100 a tonne. The cess has been levied on coal, peat and lignite since 2010 to fund and promote clean energy initiatives. in, the coal price increase could be in the range of about Rs 80 a tonne.
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