The Parikh committee's logic for proposed gas policy

In a competitive market, it is the consumer price that should be equalled to the cost of imported gas

The main objectives of the gas pricing policy considered by the committee, which I chaired, were the following:

• To increase the production of natural gas in India to meet the government’s target of increasing the share of natural gas in the primary energy mix of the country to 15 per cent by 2030 and also to contribute to energy security
   
• To ensure the availability of natural gas to end users, vulnerable sectors and sections of society at fair and affordable costs
   
• To realise these objectives with minimum burden on central and states finances
   

In doing so, the producers and distributors must