Kirit Parekh

New Delhi, Dec 6 The Union government should moderate the excise duty it levies on CNG till such time that the environment-friendly natural gas is inclu..

Market Minutes | The impact of Kirit Parekh recommendations on gas stocks

In this edition of Market Minutes, N Mahalakshmi talks how the Kirit Parekh recommendations impact gas stocks. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trends

Panel seeks more time to prepare report on oil and gas pricing formula

The panel formed by the Ministry of Petroleum and Natural Gas under Kirit Parekh has now sought more time to review its gas pricing formula and form its report.

Will oil & gas sector see policy reforms in 2014?

India witnessed an unforeseen economic growth post liberalisation driven by demographic changes rapid industrialisation and a robust service oriented business environment.

Fuel deregulation reversal will give wrong signals: Parikh

Such a reversal would highlight the fickleness of Indian policies, adds Kirit Parikh, head, fuel pricing panel.

Parekh report likely to recommend Rs 5/l diesel price hike

According to sources, Kirit Parekh is likely to recommend an immediate Rs 5/liter diesel price hike followed by a subsidy cap of Rs 6/liter to the oil marketing companies (OMC) as far as diesel is concerned.

Diesel export pricing parity likely; FinMin supports move

The Kirit Parekh panel may recommend an export parity pricing (EPP) for diesel. However, it has rejected the proposal for EPP on kerosene and liquefied petroleum gas (LPG).

Under recovery at Rs 2 trln if fuel price not hiked: Parikh

Much to the dismay to OMCs, the government has decided not to hike fuel prices soon. OMCs are crying foul over the loss that is incurred over under recovery adding per day. Kirit Parekh, Member, Planning Commission is disappointed at the government‘s inaction warning that it will spell trouble for the fragile Indian economy.

How can diesel cost less than furnace oil?

Costing less than furnace oil, current diesel prices are an anomaly that needs urgent correction. The extent of the absurdity is highlighted by the fact that in recent times many factories have switched to the `cheaper' diesel as substitute for furnace oil, which used to be the cheapest among crude oil distillates some years back.

Sporadic price hike in petrol likely tomorrow: Kirit Parekh

Kirit Parekh, author of the report on fuel price deregulation, expects to see a fuel price coming out of tomorrow's EGoM meet.

Direct cash subsidy: Will it improve delivery?

The government’s decision to move towards direct transfer of cash subsidy for kerosene, LPG and fertiliser has been held by some as a major attempt to improve delivery and circumvent corruption but others have serious reservations. Beyond that there are also questions about whether a full-proof system can be put in place in a country like India.

ONGC submits new subsidy sharing proposal to Oil Ministry

Hoping to have a proper subsidy sharing mechanism in place before going to the market with its follow on public offer, ONGC has submitted a new subsidy sharing proposal to the oil ministry.