Wednesday, December 24, 2025 | 12:22 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Deflating gas economy: Kirit Parikh has a tough task on hand as prices soar

As global prices soar, another committee to review gas pricing policies may find the going more challenging

Gas pipeline, gas
premium

The pandemic and the Ukraine conflict have upended Delhi’s calculations, with LNG now trading at a premium to crude.

S Dinakar
Kirit Parikh has a tough task on hand as he readies India’s natural gas pricing regime for a churn. Parikh is a free-market proponent at heart — in a previous stint as head of a committee on the pricing methodology for diesel, domestic cooking gas and ration-shop kerosene during Manmohan Singh’s administration he recommended steep hikes in the prices of subsidised fuels, capping subsidies, and moving towards a market price for diesel.
 
But it’s trickier this time around, as Parikh prepares to head a new committee to review market-linked natural gas pricing in Prime Minister Narendra Modi’s administration. Singh was