Kirit Parikh Committee for Reviewing of Gas Price Formula

Recently, the Centre set up a committee under noted energy expert Kirit Parikh to review the current gas pricing formula for domestically-produced gas to ensure “a fair price to the end consumer”.

• The panel has been asked to recommend a fair price to end-consumers and also suggest a market-oriented, transparent and reliable pricing regime for India's long-term vision for ensuring a gas-based economy.

Need for the Revision

• The state-set local gas prices and ceiling rates are at a record high and are expected to rise further due to a surge in global gas prices triggered by the Ukraine-Russia conflict
• The Centre has ....