The government is going to present the fuel conservation plan to the Economic Co-ordination Committee (ECC) on Tuesday, including one-day closure of petrol pumps across the country to save much-needed costly fuel. Sources said the Economic Monitory Committee (EMC) will clear the plan for ECC in its meeting scheduled for Monday (today). Sources in the finance ministry said: "The fuel conservation plan is ready for ECC meeting on Tuesday, and if it gets the nod then it will be implemented from September 1. The plan also includes issuing of fleet cards to motorcyclists to get petrol up to Rs 3,000 a month at subsidised rates. The fuel conservation plan was initially prepared by the Economic Advisory Committee (EAC) of the Prime Minister. It was then forwarded to the finance ministry for onward transmission to the EMC for its consideration and suggestions, if any, to make it workable and result-oriented. The Economic Monitory Committee held a detailed discussion on the plan in its last meeting. However, some participants in the meeting opposed rationing of petrol, which was also a part of the fuel conservation plan. Those who opposed rationing of petrol at EMC meting were of the view that it was an extreme step, which can create panic in the market and erode the credibility of the government. These views against rationing of petrol were supported by the majority of the participants of EMC meeting, who agreed to exclude the proposal from the fuel conservation plan. However, the committee decided to take the matter up again in Monday's meeting for further deliberations. But the senior officials of the finance ministry are hopeful that Monday's meeting will just have a look at the final draft of the fuel conservation plan and forward it to the ECC for its approval. The country is in distress over rising fuel prices in the global market and its unsustainable oil import bill. Last year, its oil bill had crossed $ 11 billion level for the first time in its history. This widened trade and the current account gap to an alarming level.