{"id":538786,"date":"2022-11-28T09:38:03","date_gmt":"2022-11-28T04:08:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=538786"},"modified":"2022-11-28T10:09:47","modified_gmt":"2022-11-28T04:39:47","slug":"kirit-parikh-panel-may-recommend-price-caps-to-help-moderate-cng-rates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kirit-parikh-panel-may-recommend-price-caps-to-help-moderate-cng-rates\/","title":{"rendered":"Kirit Parikh panel may recommend price caps to help moderate CNG rates"},"content":{"rendered":"<p>A government-appointed gas price review panel, led by Kirit Parikh, is likely to recommend price caps for natural gas produced from legacy fields of state-owned firms to help moderate CNG and piped cooking gas rates, while keeping the pricing formula for difficult fields unchanged. <\/p>\n<p>The panel, which was tasked with suggesting a &#8220;fair price to the end-consumer&#8221; while ensuring &#8220;market-oriented, transparent and reliable pricing regime for India&#8217;s long-term vision for ensuring a gas-based economy&#8221;, may opt to suggest two different pricing regimes, officials said. <\/p>\n<p>For the legacy or old fields of Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) &#8212; where the cost has long been recovered and which are currently governed by a formula that uses rates in gas-surplus nations such as the US,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A government-appointed gas price review panel, led by Kirit Parikh, is likely to recommend price caps for natural gas produced from legacy fields of state-owned firms to help moderate CNG and piped cooking gas rates, while keeping the pricing formula for difficult fields unchanged. The panel, which was tasked with suggesting a &#8220;fair price to the end-consumer&#8221; while ensuring &#8220;market-oriented, transparent and reliable pricing regime for India&#8217;s long-term vision for ensuring a gas-based economy&#8221;, may opt to suggest two different pricing regimes, officials said. For the legacy or old fields of Oil and Natural Gas Corporation (ONGC) and Oil India [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-538786","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=538786"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538786\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=538786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=538786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=538786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}