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The Times of India
The Times of India
Business
Sanjay Dutta | TNN

Kirit Parikh panel for price band to tame CNG, PNG spike

PNG ONGC Oil New Delhi

NEW DELHI: A panel under economist Kirit Parikh is set to recommend a price band of $4-6.5 per unit for gas produced from old fields of state-run ONGC and OIL, which would ease pressure on city gas utilities as well as CNG and PNG consumers.

But the committee’s report, to be submitted on Wednesday, is unlikely to suggest any changes in the pricing formula for output from geologically difficult fields such as the Andhra offshore field operated by RIL-BP.

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