{"id":539792,"date":"2022-12-01T10:56:48","date_gmt":"2022-12-01T05:26:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539792"},"modified":"2022-12-01T11:27:31","modified_gmt":"2022-12-01T05:57:31","slug":"kirit-parikh-panel-for-gas-pricing-freedom","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kirit-parikh-panel-for-gas-pricing-freedom\/","title":{"rendered":"Kirit Parikh panel for gas pricing freedom"},"content":{"rendered":"<p>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. It proposed price escalation for the old fields, with an increase of $0.5 per metric million British thermal unit (mmBtu) annually with no change in pricing for the first two years or a $0.25 per mmBtu escalation for five years. <\/p>\n<p>If the recommendations are implemented, state-run ONGC and OIL will have to reduce prices from the current record level of $8.57\/mmbtu and this, in turn, will help improve the margins of city gas companies like IGL, MGL and Gujarat Gas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. It proposed price escalation for the old fields, with an increase of $0.5 per metric million British thermal unit (mmBtu) annually with no change in pricing for the first two years or a $0.25 per mmBtu escalation for five years. If the recommendations are implemented, state-run ONGC and OIL will have to reduce prices from [&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":[130],"tags":[],"class_list":["post-539792","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539792","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=539792"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539792\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}