December 2023

Amid rising concerns over skyrocketing global natural gas prices jacking up energy and industrial costs, and derailing the efforts to contain inflation, the Centre has begun a review of the pricing formula for domestically-produced gas. The ministry of petroleum and natural gas has set up a committee under noted energy expert Kirit Parikh to review the current gas pricing formula, Reuters reported, adding that the government order in this regard spoke of the need to ensure “a fair price to the end consumer”. The next price revision will likely lead to a further rise in prices of gas from both …