As the supply of #naturalgas, #coal and other energy sources fails to adequately satisfy demand, many countries are facing an energy crunch.
The price of domestic natural gas in India, which was hiked by over 60% last week, too has risen in tandem with international prices.
Domestic coal prices set by Coal India, however, have failed to rise despite rising global prices.
Thermal plants that run on imported coal have slashed imports due to rising prices and this is expected to lead to a drop in power production.
Read more: https://www.thehindu.com/business/explained-how-bad-is-the-worlds-energy-crisis/article36834452.ece
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