Govt imposes gas price caps, accepts key suggestions of Kirit Parikh panel
The government on Thursday amended the domestic pricing model of natural gas in line with the recommendations of the Kirit Parikh committee on gas pricing.
Prices of domestic natural gas will now be announced every month, and be pegged at 10 per cent of the international price of the Indian crude basket. The move is expected to reduce by 10 per cent the prices of piped natural gas (PNG), supplied to households, and compressed natural gas (CNG), used as auto fuel and by various industries.
