Kirit Parikh panel submits gas report, suggests pricing freedom beginning Jan 2026

A government-appointed gas price review panel, led by Kirit Parikh on Wednesday submitted its report to the government, recommending a floor and ceiling price for legacy fields and complete pricing freedom starting January 1, 2026. A fixed band of pricing for gas from legacy fields, which makes up for two-thirds of all natural gas produced in the country, would ensure a predictable pricing regime for producers and at the same time moderate prices of CNG and piped cooking gas which has shot up by 70 per cent since last year on the back of a surge in input cost.