Kirit Parikh panel suggests gas price of $4-6.5/unit for old fields: Report

In its submissions to the Oil Ministry on Wednesday, Kirit Parikh Panel has also asked the government to remove caps on gas prices in three years

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 fields to protect consumers from market volatility. In its submissions to the Oil Ministry on Wednesday, it has also asked the government to remove caps on gas prices in three years, as reported by Moneycontrol.