Kirit Parikh panel suggests floor and ceiling price for gas

02 Dec 2022 CW Team

On Wednesday, a government-appointed gas price review panel led by Kirit Parikh delivered its report to the government, recommending a floor and ceiling price for legacy fields as well as complete pricing freedom beginning January 1, 2026.

A fixed pricing band for gas from legacy fields, which account for two-thirds of all natural gas produced in the country, would ensure a predictable pricing regime for producers while also lowering prices of CNG and piped cooking gas, which has risen by 70% since last year due to an increase in input costs.

The panel suggested that the price of gas produced by state-owned firms from fields given to them on a nomination basis be linked to imported crude oil prices rather than benchmarked to gas rates in international markets, according to Parikh, who added that the rates thus arrived at would be subject to a floor and ceiling.

The panel agreed that there should be no changes to the existing pricing formula for fields with difficult geology,

Also Read
Kotak Mahindra Bank arm invests Rs 5.50 bn in Sanghi Cement maker
Noida Airport to survey for phase II land acquisition

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

Real Estate

03 Jun 2026

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Infrastructure Transport

03 Jun 2026

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..