Kirit Parikh Panel for Gas Pricing

  • The Kirit Parikh panel to review natural gas prices in India has recommended a price band of $4-6.50/unit for gas from old legacy fields, which account for over 70 per cent of the domestic output, and ushering in of fully market-determined rates by January 2027.
  • Background: The committee was set up in September, 2022 to review the gas pricing formula