The Kirit Parekh committee, which has been asked to suggest a fair price for natural gas supplies to end consumers, is expected to break away from the existing formulaic pricing methodology as it seeks to balance the interests of gas producers and consumers.
Natural gas prices have been going through the roof, sparking dismay at homes that rely on piped cooking gas, pumps dispensing CNG for vehicles and a wide swathe of user industries.
Sources said the committee, which is expected to submit its report later this month, could take a radical stand by suggesting a differential pricing mechanism — one set for fertiliser and power industries and a completely different one for piped natural gas for homes and CNG for vehicles.
