Prime Minister Manmohan Singh on Monday pushed for phased rationalisation of energy prices to bring them in line with international prices to meet the targeted rapid inclusive and sustainable growth.

Energy remained under-priced in the country with coal, petroluem products and natural gas prices remaining well below international prices, he said laying the foundation stone for the Rs 14,225 crore BPCL-Kochi Refinery’s Integrated Refinery Expansion Project at nearby Ambalamugal. “To meet our target of rapid inclusive and sustainable growth, we must undertake a phased rationalistion of engery prices,” Singh said.