Kirit Parikh Committee

With the global milieu remaining volatile, the much-anticipated Kirit Parikh (KP) committee report on domestic gas pricing provides a ray of hope.

Kirit Parikh committee recommendations are too idealistic to be implemented

Fuel prices and politics do not mix well together. Free and market-determined pricing sounds good but is difficult to implement.

City gas distributors to gain most from Kirit Parikh panel pricing recommendations

Brokerages said if the suggestions are approved, they will have a positive impact on city gas distribution companies such as Indraprastha Gas and Mahanagar Gas.

Net cost reduction for IGL to be 18%: Experts welcome Kirit Parikh panel suggestions for gas prices

The Kirit Parikh panel recommended a floor of $4 for legacy gas fields and suggested that a cap of $6.50/mmBtu be put on gas prices sold by ONGC and Oil India.

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Kirit Parikh Committee report on gas prices likely by tomorrow. What are the key expectations?

The draft recommendation will be discussed by members of the committee and finalized on November 29.

Moily hints at moderation in diesel price hike

The government-appointed Kirit Parikh committee suggested "immediately" hiking prices of diesel by Rs 5 a litre, Rs 4 per litre in kerosene and Rs 250 per cylinder in LPG, reducing annual entitlement of subsidised cooking gas cylinder to six from nine and phasing out diesel subsidy in one year to cut a record subsidy burden.

Parikh recos good for OMCs, will protect profits: SK Joshi

The recommendations of a Rs 5 per litre hike in diesel price by the Parikh committee will protect the bottomline of the oil companies which is necessary for future energy security says SK Joshi

Parikh panel recommends Rs 5/litre hike in diesel

The panel has recommended Rs 4 per litre increase in kerosene and Rs 250 per cylinder hike in LPG rates, Parikh told reporters after presenting the report to Oil Minister Veerappa Moily.

Oil India hopeful that subsidy concerns will get addressed

According to TK Ananth Kumar, the company has taken up the issue that this kind of burden on upstream companies will not be sustainable with the government and also with Kirit Parikh, who is heading the oil committee.

Every $1 gas price hike to boost rev by Rs 400cr: Oil India

TK Ananth Kumar, director-finance, Oil India said, "Every one dollar hike will translate to over Rs 400 crore growth in topline.” He also said that the hike will lead to higher investment in exploration activities of the company."