Kirit Parikh Committee on Gas Pricing
On 30th November, 2022, the Kirit Parikh Committee submitted its report to the government.
The Committee was constituted in September 2022 to review pricing formula for locally produced gas.
Key Recommendations
- India should have completely free and market-determined pricing of natural gas extracted from legacy fields. In India's case it will be over 70 per cent of the total natural gas.
- Linking the price of gas produced from legacy fields to imported crude oil prices. Presently, they are benchmarked to gas rates globally.
- The panel recommended price band of 4 to 6.50 USD per unit for gas from old legacy ....
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